Industry Financial services Number of employees 85 (2015) Total equity 181.3 million EUR (2015) | Founder Italian government Founded 13 March 1953 Total assets 1.344 billion EUR (2015) | |
Native name Mediocredito Trentino – Alto Adige S.p.A.Investitionsbank Trentino Südtirol A.G. Formerly called Istituto per l'Esercizio del Credito a Medio e Lungo Termine nella Regione Trentino – Alto Adige Type public private joint venture Number of locations 2 headquarters and 4 branches (2015) Subsidiaries Mediocredito Trentino Alto-Adige S.P.A., Asset Management Arm | ||
Mediocredito Trentino – Alto Adige (German: Investitionsbank Trentino Südtirol) is an Italian investment bank based in Trento, Trentino. The bank served historically the autonomous provinces of Trentino and South Tyrol, but now extended to Lombardy (Brescia), Veneto (Treviso and Padua) and Emilia-Romagna (Bologna).
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History
Istituto per l'Esercizio del Credito a Medio e Lungo Termine nella Regione Trentino – Alto Adige (Mediocredito Trentino – Alto Adige in short) was found in 1953 as a statutory corporation. At that time banks were separated from providing short term loan and medium and loan term loan, which several Mediocredito was set up to enhance the post war recovery. The Ministry of the Treasury provided 800 million lire (54%) and Trentino – South Tyrol Region 450 million lire (36%). Due to Legge Amato the bank became a Società per Azioni (limited company), with a share capital of 66.240 billion lire. It was later increased to 112,470,400,000 lire, or €58,484,608.