Banca Intermobiliare Explained

Banca Investis
Type:subsidiary of a private company (listed company itself)
Isin:IT0000074077
Foundation:1981[1]
Location:Turin, Italy
Key People:Jürgen DENNERT (chairman)
Claudio MORO (CEO)Stefano GRASSI (General Manager)
Industry:Financial services
Products:private banking
Owner:Trinity Investment Designated Activity Company (86.32%)
'treasury stock (0,93%)
official web site[2]

Banca Intermobiliare di Investimenti e Gestioni S.p.A. known as Banca Intermobiliare or just BIM is a Turin-based wealth management bank.

History

Banca Intermobiliare (BIM) was majority owned by Veneto Banca, an unlisted cooperative bank (People's Bank) that was bail-out by a private equity fund Atlante in 2016. In 2017, Veneto Banca was declared insolvent and under administrative liquidation (Italian: L.C.A.). Intesa Sanpaolo, the largest bank of Italy by capitalization, bought most of the good assets of Veneto Banca and their sister bank Banca Popolare di Vicenza (BPVi) on 26 June 2017. However, Banca Intermobiliare and sister bank FarBanca (of BPVi group) were excluded. On 6 July 2017, Veneto Banca made an open invitation to sell Banca Intermobiliare.[3] [4] In September 2018, Banca Intermobiliare approved the strategic plan for three-year (2019-2021).[5]

After being taken private, the bank was restructured and renamed Banca Investis in 2022.

Notes and References

  1. Web site: History. 30 October 2015. Banca Intermobiliare.
  2. Web site: Azionisti di Banca Intermobiliare di Investimenti e Gestioni SPA. www.bancaintermobiliare.com.
  3. News: Banca Intermobiliare è ufficialmente in vendita. 6 July 2017. 17 July 2017. QuiFinanza. Italian.
  4. Comunicato Stampa. Press Release. 6 July 2017. 17 July 2017. Veneto Banca in L.C.A.. Italian.
  5. News: Banca Intermobiliare approva il piano strategico e rinvia la semestrale. 2018-09-06. 2018-09-11.