doBank

doBank S.p.A. is an Italian bank based in Verona, Veneto region. The bank was known as UniCredit Credit Management Bank until 2015. In 2015 the company was acquired by private equity funds of Fortress Investment Group.

History

Mediovenezie Banca

Istituto di Credito Fondiario delle Venezie was found in 1949 as a bank that specializing in financing public works and public utility.^[2] In 1992 the bank was transformed from a statutory corporation to "company limited by shares" (Italian: Società per Azioni) as Credito Fondiario delle Venezie S.p.A..^[3] In 1995 the bank merged with Mediocredito delle Venezie (a bank specializing in medium term lending to industries) and Federalcasse Banca (a inter-bank lending institute for Veneto saving banks) to form Mediovenezie Banca.^[4]^[5]^[6] The bank was part of Cariverona Banca Group. In 1995 it became part of Unicredito Group, which in 1998 became part of UniCredito Italiano Group.

UniCredit Credit Management Bank

In 2000 the lending business of Mediovenezie was transferred to sister company, while the bank itself had transformed into UniCredito Gestione Crediti, a bank specializing in credit management (Italian: gestione crediti).

In 2008 the bank was renamed into UniCredit Credit Management Bank which also managed the non-performing loans (NPLs) of former Capitalia Group. In 2011 UniCredit Credit Management absorbed Aspra Finance S.p.A..

At 31 December 2012 the book value of the company was valued as €3.3 billion. In 2013 UniCredit write-down €620 million for the value of UniCredit Credit Management, to €2.7 billion. In 2014 a further write-down of €1.5 million was made.

doBank

In 2015 UniCredit Credit Management, along with a portfolio of €2.4 billion gross book value of NPLs was sold to private equity fund of Fortress Investment Group (Eurocastle Investment Limited for 50% stake in doBank and NPLs) ^[7] and Prelios for an undisclosed amount. The NPLs assets of doBank was separately owned by Romeo SPV S.r.l. on 30 September 2016, which doBank owned 5% of the SPV, Eurocastle Investment owned 47.5% directly (additional 2.5% via doBank) and the rest (47.5%) was owned by other shareholders.

In 2016 Italfondiario was acquired by doBank from Fortress.^[8]

References

↑ "2016 Relazioni e Bilancio consolidato" (PDF) (in Italian). doBank. 10 April 2017. Retrieved 21 April 2017.
↑ "S. 676: Creazione presso l'Istituto di Credito Fondiario delle Venezie - Verona - di una Sezione autonoma per il finanziamento di opere pubbliche e di impianti di pubblica utilità" (in Italian). Chamber of Deputies (Italy). Retrieved 2 May 2016.
↑ Ministry of the Treasury (18 August 1992). "Approvazione del progetto di ristrutturazione presentato dall'Istituto di credito fondiario delle Venezie" (in Italian). Italian Republic Official Gazette. Retrieved 2 May 2016.
↑ "Provvedimento N°2537 (C1767): Credito Fondiario delle Venezie / Mediocredito delle Venezie / Federalcasse Banca" (PDF) (in Italian). Autorità Garante della Concorrenza e del Mercato (AGCM). 7 December 1994. Retrieved 2 May 2016.
↑ "Provvedimento N°13: Credito Fondiario delle Venezie / Mediocredito delle Venezie / Federalcasse Banca" (PDF) (in Italian). Banca d'Italia. 19 January 1995. Retrieved 2 May 2016.
↑ "Storia" [Story] (in Italian). doBank. Retrieved 2 May 2016.
↑ "Earnings Supplement First Quarter 2015" (PDF). Fortress Investment Group. 5 July 2015. Retrieved 2 May 2016.
↑ "doBank acquisisce il 100% di Italfondiario" (in Italian). doBank. 15 July 2016. Retrieved 9 August 2016.

External links

Official website (in Italian)

Banking in Italy
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Regional retail bank	Cassa di Risparmio di Ravenna Banco di Lucca e del Tirreno Banca di Imola Cassa di Risparmio di Cesena Banca Carim Cassa di Risparmio di San Miniato Banca di Cambiano Cassa di Risparmio di Cento ChiantiBanca Cassa Padana Cassa di Risparmio di Volterra Hypo Alpe-Adria-Bank Cassa di Risparmio di Fossano Banca del Fucino Cassa di Risparmio di Fermo Banca del Piemonte Banca CR Savigliano Banco Azzoaglio
others	Banca Generali Banca IFIS Interbanca Banca Finnat Banca Ubae Banca Leonardo Banca Farmafactoring Unione Fiduciaria Credito Fondiario Banca Passadore Banca Sistema Banca Profilo doBank Italfondiario
Foreign banks	Allianz Allianz S.p.A. Barclays Banco Santander Bank of China BNP Paribas Banca Nazionale del Lavoro Crédit Agricole Crédit Agricole Italia Crédit Agricole Corporate and Investment Bank FCA Bank Credit Suisse Deutsche Bank Deutsche Bank S.p.A. Dexia Crediop HSBC ING Bank Société Générale Mercury Istituto Centrale delle Banche Popolari Italiane Setefi
Ancient banks	Bank of Saint George Banco di Santo Spirito Istituto Bancario San Paolo di Torino Medici Bank Mount of piety Faenza Foggia Parma Reggio Emilia
Related topics	List of banks in Italy Associazione Bancaria Italiana Associazione di Fondazioni e di Casse di Risparmio S.p.A. Associazione Nazionale fra le Banche Popolari Fondo Interbancario di Tutela dei Depositi Italian National Resolution Fund

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