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 [it] 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.
^ abc"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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CreditoValtellinese (known as Creval) was an Italian bank based in Sondrio (in Lombardy, Italy) prior to its acquisition by Crédit Agricole Italia in...
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generates the first European group in the payment systems sector. CreditoValtellinese (Creval) was the largest shareholders of the bank for 20.39% as at...
liabilities of old Carifano which was absorbed into CreditoValtellinese. On 20 September 2016 CreditoValtellinese has announced a plan to absorb Carifano again...
Firenze. In December 2008, Cassa di Risparmio di Fano was sold to CreditoValtellinese. In 2009, group acquisitions included a 30% interest in business...
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Credito Artigiano was an Italian bank based in Milan, Lombardy. it was absorbed by CreditoValtellinese in 2012. Credito Artigiano was found in Milan in...
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Banca Popolare di Vicenza Banco Popolare Siciliano Credito Siciliano, a subsidiary of CreditoValtellinese Colajanni, Napoleone (1995). Storia della banca...
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Sondrio was an urban cooperative bank found in 1871. Along with CreditoValtellinese, they were the major banks inside the Province of Sondrio. The bank...
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Artisti del ‘68 takes place in the exhibition halls of the bank CreditoValtellinese in Milan with three large works by the master. The exhibition then...
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