Fondazione Banca Agricola Mantovana Explained

Fondazione BAM
Native Name:Fondazione Banca Agricola Mantovana
Native Name Lang:it
Named After:Banca Agricola Mantovana
Predecessor:Charity function of Banca Agricola Mantovana
Vat Id:93034380209
Headquarters:13 corso Vittorio Emanuele II, Mantua, Italy
Owners:-->
Revenue:€1,133,000
Revenue Year:2013[1]
Expenses:€267,723
Expenses Year:2013
Endowment:€504,042 (to others)
Website: (in Italian)

Fondazione Banca Agricola Mantovana is an Italian charity organization based in Mantua, Lombardy. It was found by Banca Agricola Mantovana (BAM) and its parent company Banca Monte dei Paschi di Siena (Banca MPS) in 2000. BAM was transformed from a cooperative bank to a limited company (società per azioni) circa 1999–2000.

According to its by-law, BAM had to pay the foundation 2 billion lire (€1.033 million) annually. Since the bank was absorbed into Banca MPS in 2008, Banca MPS inherited the responsibility instead. However, Banca MPS refused to honor the contract. In 2015 the foundation seek arbitration for the non-payment for three years.[2]

In the past BAM had rights to name 5 directors, while other 4 directors were named by the comune of Mantua, the Province of Mantua and the Accademia Nazionale Virgiliana.[3]

Headquarter

The headquarter of the foundation was located in Palazzo del Diavolo, 15 corso Vittorio Emanuele II. The building was the old headquarter of the bank. However, the bank moved to 30 corso Vittorio Emanuele II in 1949, which currently a branch of Banca MPS.[4] Palazzo del Diavolo was opposite to a branch of UniCredit (ex-Cariverona branch).[5]

Arts Gallery

The Galleria d'Arte of the foundation displayed the works of Giuseppe Bazzani: S.Margarita da Cortona and San Longino, Sant'Andrea, Sant'Elena con la reliquia del Preziosissimo Sangue[6] as well as other collections.

Notes and References

  1. Web site: 2013 Relazione e Bilancio. 17 December 2014. 23 February 2016. Fondazione Banca Agricola Mantovana (Fondazione BAM). 4 March 2016. https://web.archive.org/web/20160304134039/http://www.fondazione.bam.it/webadmin/include/bilancio-fondazione-bam-2013.pdf. dead.
  2. Web site: Primo round alla Fondazione Bam. 4 December 2015. 23 February 2016. Gazzetta di Mantova. Italian.
  3. Web site: Storia. Story. September 2002. 23 February 2016. Fondazione BAM. Italian.
  4. Web site: Sede. Headquarter. 2010. 23 February 2016. Fondazione Banca Agricola Mantovana. Italian.
  5. Web site: Bando di gara vendita di beni immobili. 11 September 2004. 23 February 2016. Italian Republic Official Gazette . Italian.
  6. Web site: Galleria d'Arte della Fondazione. 23 February 2016. Fondazione BAM. Italian.