Native name | Banca Italease S.p.A. |
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Formerly | Banca Centrale per il Leasing delle Banche Popolari |
Company type | subsidiary of a listed company |
Industry | Financial services |
Defunct | 2015 |
Fate | absorbed by the parent company |
Successor | leasing division of Banco Popolare |
Services | leasing and factoring |
Net income | (€221.189 million) (2014) |
Total assets | €7.378 billion (2014) |
Total equity | €893.582 million (2014) |
Owner | Banco Popolare |
Parent | Banco Popolare |
Subsidiaries | Release S.p.A. |
Capital ratio | 23.29% (CET1) |
Website | Official website (in Italian) |
Footnotes / references in consolidated basis[1] |
Banca Italease S.p.A. was an Italian finance leasing company, based in Milan. The company formed two subsidiaries Alba Leasing (a company that serves SMEs) and a "bad bank" (Release S.p.A.) in 2009. The shares of Alba Leasing were distributed to the former shareholders of Banca Italease, with Banca Italease and Release S.p.A. becoming the subsidiary of Banco Popolare instead. Banca Italease was absorbed into Banco Popolare in 2015 as its leasing division.