.mw-parser-output .hidden-begin{box-sizing:border-box;width:100%;padding:5px;border:none;font-size:95%}.mw-parser-output .hidden-title{font-weight:bold;line-height:1.6;text-align:left}.mw-parser-output .hidden-content{text-align:left}You can help expand this article with text translated from the corresponding article in Italian. (November 2017) Click [show] for important translation instructions. View a machine-translated version of the Italian article. Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wikipedia. Consider adding a topic to this template: there are already 2,989 articles in the main category, and specifying|topic= will aid in categorization. Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article. You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation. A model attribution edit summary is Content in this edit is translated from the existing Italian Wikipedia article at [[:it:Nexi S.p.A.]]; see its history for attribution. You should also add the template ((Translated|it|Nexi S.p.A.)) to the talk page. For more guidance, see Wikipedia:Translation.
This article or section appears to be slanted towards recent events. Please try to keep recent events in historical perspective and add more content related to non-recent events. (November 2017) (Learn how and when to remove this template message)
Nexi
FormerlyIstituto Centrale delle Banche Popolari Italiane
Typeprivate società per azioni
Headquarters
55 Corso Sempione, Milan, Italy[1]: 16, 366 (registered office)
Key people
Michaela Castelli (Chairman)[2]
ProductsMerchants and Financials Services
Revenue3,26 billion [3] (2022)
693 million [4] (2022)
Websitenexi.it
Footnotes / references
in consolidated financial statement, data extracted from financial report and excluding minority interest[1]: 38–41 

Nexi S.p.A. formerly known as Istituto Centrale delle Banche Popolari Italiane S.p.A. (ICBPI) is an Italian bank that specialises in payment systems such as Nexi Payments (formerly known as CartaSi). The bank was specialised as a central institution of Italian Popular Bank. (Italian: Banca Popolare).

History

Istituto Centrale delle Banche Popolari Italiane (ICBPI) was founded by Banca Popolare di Cremona, Intra, Lecco, Lodi, Luino e Varese and Verona in 1939.[5]

In 2006, it acquired Key Client Cards & Solutions, a spin-off of Deutsche Bank.[6] Since January 28, 2008, the Automated Clearing House – ACH Sepa Compliant with ICCREA Banca has been activated. In April 2008, it incorporated the Centralized Services Joint Stock Company – Seceti. On 15 September, 2008, in Vienna ICBPI signed an agreement with Equens SE for the establishment of the Equens Italia joint venture, which will carry out the Automated Clearing House activity in Italy as insourcer of ICBPI and ICCREA.

At the end of 2008, the process of acquiring the majority of S.I. Holding (which controls 100% CartaSi S.p.A., Si Servizi S.p.A., Si Call S.p.A., Carta Facile S.p.A, CartaSi Capital S.p.A. and SiRe Business Services LTD), concluding the acquisition,[7] following the obtaining of the required authorizations from the Italian Competition Authority, in particular the Bank of Italy and the Antitrust Authority, in June 2009.

In September 2010, the formalization of an agreement for the purchase of the custodian bank business from Banca Carige was announced for 19.5 million euro. In November 2010, the acquisition of the custodian bank activity from Banca Sella was announced, which at the same time became a shareholder of ICBPI with a 0.96% stake.[8] In November 2010, the ICBPI was condemned by the Antitrust to pay a fine of 490,000 euros for agreements restricting competition in relation to the credit card sector,[9] which was subsequently suspended by the Lazio TAR.[10]

In 2015, the bank was acquired by a consortium of Bain Capital, Advent International and Clessidra SGR; the investment managers incorporated a SPV "Mercury Bondco plc" to issue notes to raise debt, in order to lend to sister companies: Mercury A Capital Limited, Mercury B Capital Limited and Mercury ABC Capital Limited, the parent companies of Mercury UK Holdco Limited, which in turn the parent company of ICBPI.[11]

In February 2017, ICPBI acquired the card business of Banca Monte dei Paschi di Siena for €520 million.[12]

In November 2017, the company was renamed to Nexi,[13] while its card business was renamed from CartaSi to Nexi Payments.

On 5 October 2020, it was announced Nexi will merge with SIA S.p.A., will create one of Europe’s largest fintech groups.[14]

On June 16, 2021, the merger deed with the Danish Nets was signed, which allows Nexi to expand its range of action at a European level; finally, on October 15, 2021, the Competition and Market Authority approved with indication the merger by incorporation of SIA spa into Nexi. This further step generates the first European group in the payment systems sector.

Shareholders

Before Mercury

Credito Valtellinese (Creval) was the largest shareholders of the bank for 20.39% as at 1 January 2015.[15]

On 18 December 2015, the shares held by Creval (18.39%), Banco Popolare (13.88%), Banca Popolare di Vicenza (9.99%), Veneto Banca (9.99%), Banca Popolare dell'Emilia Romagna (9.14%), ICCREA Holding (7.42%), Banca Popolare di Cividale (4.44%), UBI Banca (4.04%), Banca Popolare di Milano (4.00%), Banca Carige (2.20%), Banca Sella Holding (1.80%) and some minor banks,[nb 1] were sold to an intermediate holding company Mercury Italy S.r.l..[16] (an investment vehicle indirectly owned by funds advised by Bain Capital, Advent International and Clessidra SGR)[17] On 29 December 2016, Mercury Italy was merged with ICBPI, which Mercury UK Holdco Limited (parent of Mercury Italy) became the new parent company of the bank.[11]

After Mercury

After the sales in December 2015, Credito Valtellinese (Creval) retained 1.9989% as the second largest shareholders, followed by Banca Popolare di Sondrio which did not sell (1.9973%). Creval, Banco Popolare (1.5%), Banca Popolare dell'Emilia Romagna (1.5%), Banca Popolare di Milano (BPM, 1.0%), UBI Banca (1.0%), Banca Popolare di Cividale (0.7%), ICCREA Holding (0.5%), Banca Sella Holding (0.2%) collectively retained about 8.4% shares.[17]

Other than BP Sondrio, only 5 more banks did not sell the shares: Banca Popolare di Bari (BP Bari; 0.1081%), Cassa di Sovvenzioni e Risparmio fra il Personale della Banca d'Italia (0.0121%), Banca Popolare del Frusinate (0.0014%), Banca Popolare Vesuviana (0.0011%) and Cassa di Risparmio di Ferrara (Carife, 0.0009%).[18]

Since the merger of Banco Popolare and BPM on 1 January 2017, Banco BPM became the second largest shareholder of ICBPI. As BPER Banca (ex-Banca Popolare dell'Emilia Romagna) also acquired Nuova Carife, as well as the disinvestment of by Cassa di Sovvenzioni e Risparmio fra il Personale della Banca d'Italia and BP Bari, making the shareholders base of ICBPI was further reduced to 11 entities (by banking group and excluding treasury shares).[19]

Activity

Nexi mainly operates on these activities:

Footnotes

  1. ^ namely: Banca Popolare Pugliese, Banca Agricola Popolare di Ragusa, People's Bank of South Tyrol (and ex-Banca Popolare di Marostica), Banca Popolare dell'Etruria e del Lazio, Banca Popolare di Puglia e Basilicata, Banca di Piacenza, Cassa di Risparmio di San Miniato, Banca Popolare del Lazio, San Felice 1893 Banca Popolare, Banca di Credito Popolare di Torre del Greco, Banca Popolare di Cortona, Banca Valsabbina, Banca Popolare di Fondi, Banca Popolare Valconca, Banca Popolare di Spoleto, Banca Popolare del Cassinate, Associazione Nazionale fra le Banche Popolari, Unione Fiduciaria, Banca Popolare di Lajatico, Italfondiario, Banca Popolare Lecchese, Credito Siciliano and Banca Popolare Sant'Angelo

References

  1. ^ a b "2017 Reports and Financial Statements" (PDF). Nexi. 2018. Retrieved 4 March 2019.
  2. ^ "Governance" (in Italian). Nexi. Retrieved 4 March 2019.
  3. ^ https://www.nexigroup.com/content/dam/corp/downloads/investors/financial-results/2023/07-03/2023-03-07-nexi-fy2022-financial-results-presentation.pdf[bare URL PDF]
  4. ^ https://www.nexigroup.com/content/dam/corp/downloads/investors/financial-results/2023/07-03/2023-03-07-nexi-fy2022-financial-results-presentation.pdf[bare URL PDF]
  5. ^ "La Storia" [The Story] (in Italian). Milan: Istituto Centrale delle Banche Popolari Italiane. c. 2004. Archived from the original on 4 March 2016. Retrieved 24 February 2016.
  6. ^ "ICBPI: siglati accordi nel settore delle carte di credito con Deutsche Bank (PDF), su keyclient.it" (PDF).
  7. ^ "CartaSì: le carte di credito passano alle banche popolari - Il Sole 24 ORE". st.ilsole24ore.com. Retrieved 2022-06-27.
  8. ^ "ICBPI: Comunicati: ICBPI acquisisce l'attività di Banca depositaria da Banca Sella Holding. Banca Sella Holding entra nel capitale di ICBPI. -". 2011-01-21. Archived from the original on 2011-01-21. Retrieved 2022-06-27.
  9. ^ "I720 - CARTE DI PAGAMENTO: ANTITRUST SANZIONA MASTERCARD E OTTO BANCHE PER INTESE RESTRITTIVE DELLA CONCORRENZA. MULTE PER OLTRE SEI MILIONI DI EURO". 2014-01-23. Archived from the original on 2014-01-23. Retrieved 2022-06-27.
  10. ^ "Rainews24.it". 2011-02-19. Archived from the original on 2011-02-19. Retrieved 2022-06-27.
  11. ^ a b http://www.mercurybond.com/about-us/[permanent dead link]
  12. ^ "BMPS sells its merchant acquiring business to ICBPI for a consideration of Euro 520 million" (in Italian). Banca Monte dei Paschi di Siena. 3 February 2017. Retrieved 28 November 2017.
  13. ^ "Icbpi cambia nome, così sarà più "sexy"". La Repubblica (in Italian). Rome: GEDI Gruppo Editoriale. 10 November 2017. ISSN 2499-0817. Retrieved 28 November 2017.
  14. ^ "Italy's Nexi and Sia set to unveil €15bn merger". ft.com. Financial Times. 2020-10-05. Retrieved 2020-10-05.
  15. ^ "COMPOSIZIONE CAPITALE SOCIALE ICBPI AL 1 GENNAIO 2015" (PDF) (in Italian). ICBPI. 1 January 2015. Retrieved 24 February 2016.
  16. ^ "89% del Capitale Sociale di ICBPI passa a Mercury Italy S.r.l." (in Italian). ICBPI. 18 December 2015. Retrieved 24 February 2016.
  17. ^ a b "DEFINITIVE AGREEMENT FOR THE DISPOSAL OF THE MAJORITY SHARE CAPITAL OF ISTITUTO CENTRALE DELLE BANCHE POPOLARI ITALIANE" (PDF). Credito Valtellinese. 18 December 2015. Retrieved 6 March 2016.
  18. ^ "COMPOSIZIONE CAPITALE SOCIALE ICBPI AL 18 Dicembre 2015" (PDF) (in Italian). ICBPI. 18 December 2015. Retrieved 6 March 2016.
  19. ^ "COMPOSIZIONE CAPITALE SOCIALE ICBPI DAL 20.01.2017" (PDF) (in Italian). ICBPI. 20 January 2017. Retrieved 27 October 2017.

External links

FTSE MIB companies of Italy
Members of the Euro Banking Association
Banking in Italy
Authority control
Categories