Banca Cattolica | |
Native Name: | Banca Cattolica S.p.A. |
Native Name Lang: | it |
Industry: | Financial services |
Founders: | --> |
Fate: | absorbed by the parent company |
Defunct: | 2001 |
Hq Location City: | Molfetta |
Hq Location Country: | Italy |
Profit: | IT₤11.389 billion |
Profit Year: | 2000 |
Equity: | IT₤115.113 billion |
Equity Year: | 2000 |
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]