 | |
 | |
Native name | Credito Valtellinese S.p.A. |
|---|---|
| Formerly |
|
| Company type | listed società per azioni |
| ISIN | IT0005319444 |
| Industry | Financial services |
| Founded | 1908[1] |
| Headquarters | Sondrio and Milan, Italy |
| Services |
|
 €+113.2 million (2020) | |
| Total assets |  €23.882 billion (2020) |
| Total equity | €1.774 billion (2020) |
| Owner |
|
Number of employees | 3521 (2020) |
| Subsidiaries |
|
| Capital ratio | 19.6% (CET1) |
| Website | www |
| Footnotes / references in a consolidated basis[2] | |
Credito Valtellinese (known as Creval) was an Italian bank based in Sondrio (in Lombardy, Italy) prior to its acquisition by Crédit Agricole Italia in 2021. The company was a former component of FTSE Italia Mid Cap Index of the Borsa Italiana (Milan Stock Exchange), but was removed and added as a component of FTSE Italia Small Cap Index in May 2017;[3] the bank was added back to the reserve list of FTSE Italia Mid Cap in August 2017.[4]
The bank was named after the area Valtellina. The bank had 363 branches in Northern Italy (as Credito Valtellinese),[5] 40 branches in Marche and Umbria (former Carifano), and 133 branches in Sicily (as Credito Siciliano).[5] Credito Siciliano had three more branches outside the island of Sicily.
It had a market share of 32% in Sondrio. However, only 2.9% in whole Lombardy region in terms of deposits, as of 30 June 2014, as well as only 1.7% in terms of branches as the 10th of Italy.[5]
Since 2021, it is part of Crédit Agricole Italia after a successful takeover bid by Crédit Agricole Italia. Crédit Agricole successfully concludes the tender offer, acquiring 91.17% of the shares in Creval, for a cost of 855 million. The delisting from the Italian Stock Exchange took place on Friday 4 June 2021 following the success of the residual takeover bid and the consequent "squeeze-out", which led Crédit Agricole to hold 100% of the capital of Creval.
- ^ "The Group" (in Italian). Credito Valtellinese. Archived from the original on 12 April 2015. Retrieved 10 April 2015.
- ^ "CONSOLIDATED RESULTS AS AT 31 DECEMBER 2020" (PDF). Credito Valtellinese. Retrieved 10 February 2021.
- ^ "FTSE Italia Index Series Quarterly Review" (Press release). FTSE Group. 31 May 2017. Archived from the original on 10 January 2018. Retrieved 9 January 2018.
- ^ "FTSE Italia Index Series Quarterly Review" (Press release). FTSE Group. 30 August 2017. Archived from the original on 10 January 2018. Retrieved 9 January 2018.
- ^ a b c "Archived copy" (PDF). Archived from the original (PDF) on 16 April 2015. Retrieved 10 April 2015.
{{cite web}}: CS1 maint: archived copy as title (link)
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