Native name | Banca Cattolica S.p.A. |
---|---|
Company type |
|
Industry | Financial services |
Predecessor |
|
Founded |
|
Defunct | 2001 |
Fate | absorbed by the parent company |
Successor |
|
Headquarters | Molfetta , Italy |
IT₤ 11.389 billion (2000) | |
Total equity | IT₤115.113 billion (2000) |
Owner | Banca Antonveneta (86.836%) |
Parent | Banca Antonveneta |
Banca Cattolica S.p.A. was an Italian cooperative bank based in Molfetta, Apulia region, southern Italy. The former parent company of the bank (until 1998), Cattolica Popolare survived as a cooperative society.
Banca Cattolica Popolare was founded in 1902. In 1994 Banca Cattolica Popolare Società cooperativa a responsabilità limitata spin off its banking activities to form a subsidiary Banca Cattolica S.p.A., which Credito Italiano acquired 35% shares.[1][2][3] The bank (S.p.A.) was later acquired by Banca Antoniana Popolare Veneta (Antonveneta) in 1998, for 80%.[1] As at 31 December 2000, Antonveneta owned 86.836% of the bank's share capital; the bank had a shareholders' equity of 115.113 billion lire (about €59 million) at that time.[4] In 2001, Banca Cattolica was absorbed into Antonveneta.[5]