Banca Mediolanum

Banca Mediolanum S.p.A. is an Italian bank, insurance and asset management conglomerate which is the parent company of Gruppo Mediolanum (Mediolanum Group).

The bank is listed on the Borsa Italiana and is a constituent of the FTSE MIB index from the end of 2015 when it incorporated it parent company Mediolanum S.p.A..

Mediolanum Group was founded by Ennio Doris, the current second largest shareholders of the conglomerate. The conglomerate provided asset management, banking, insurances services to customers in Italy, Spain (as Banco Mediolanum and Fibanc) and Monaco (Bankhaus August Lenz & Co.)

Despite being ranked sixth by market capitalization among financial services companies (behind Intesa Sanpaolo, UniCredit, Assicurazioni Generali, UnipolSai and Mediobanca in 2016), the conglomerate (Mediolanum S.p.A.) was ranked 13th by total assets among bank (2014 data),[3] as well as much smaller in size by risk-weighed assets, thus the conglomerate (Mediolanum S.p.A nor Banca Mediolanum) was not included in the Single Supervisory Mechanism.[4] However, after Banca Mediolanum reversed the merger with Mediolanum, the European Central Bank started a comprehensive assessment to assess the conglomerate and decided the conglomerate would not be included.[5] Eventually, Banca Mediolanum remained as a less-significant bank, which would not be supervised by the European Central Bank directly.[6]

The current CEO of the company was Massimo Antonio Doris.

Banca Mediolanum
Native name
Banca Mediolanum S.p.A.
Formerly
Programma Italia Investimenti SIM
public
Traded asBITBMED
FTSE MIB Component
Industryfinancial services
Founded
  • 1991
  • 1997 (Banca Mediolanum)
HeadquartersBasiglio, Metropolitan City of Milan, Italy
Key people
ServicesRetail banking, life and non-life insurance, mutual funds
Increase €438.613 million (2015)
Total assetsIncrease €44.710 billion (2015)
Total equityIncrease €2.070 billion (2015)
Owner
  • Fininvest (30.042%)
  • Ennio Doris (29.639%)
  • consortium led by Lina Tombolato (6.731%)
  • equity fund of T. Rowe Price (3.035%)
  • others[1]
Subsidiaries
  • Mediolanum Vita
  • Mediolanum Assicurazioni
  • Mediolanum Gestione Fondi SGR
  • Mediolanum Comunicazione
  • Mediolanum Fiduciaria
  • Fermi & Galeno Real Estate
  • Bankhaus August Lenz & Co.
  • Banca Esperia (50% JV)
Capital ratio19.66% (CET1)
Websitebancamediolanum.it
Footnotes / references
source[2]

Shareholders

The current major shareholder of the financial institute were Doris family and Fininvest. They formed a shareholders' pact for 51% stake. However, the voting rights of Fininvest was in fact suspended as Italian court ruled that Silvio Berlusconi could not own more than 10% stake of any financial institute.

References

  1. ^ CONSOB data Accessed on 24 September 2016
  2. ^ "2015 Bilancio Consolidato" [2015 Consolidated Annual Report] (PDF) (in Italian). Banca Mediolanum. 8 April 2016. Retrieved 1 May 2016.
  3. ^ "LE PRINCIPALI BANCHE ITALIANE" (PDF) (in Italian). Ricerche e Studi. 10 November 2015. Retrieved 21 February 2016.
  4. ^ "Aggregate report on the comprehensive assessment, October 2014" (PDF). European Central Bank. 26 October 2014.
  5. ^ "ECB to conduct comprehensive assessment of four banks in 2016". European Central Bank. 10 May 2016. Retrieved 11 May 2016.
  6. ^ "Annual assessment of significance brings number of banks directly supervised by the ECB to 127". European Central Bank. 21 November 2016. Retrieved 25 November 2016.

External links

2012 Giro d'Italia

The 2012 Giro d'Italia was the 95th edition of Giro d'Italia, one of cycling's Grand Tours. It started in the Danish city of Herning, and ended in Milan. The complete route of the 2012 Giro d'Italia was announced in mid October. For the first time since the 2007 edition no climbing time trial was included in the route. The colour of the jersey for the mountains classification was changed for this year's edition from green to blue. The move came at the behest of sponsor Banca Mediolanum, who renewed its support of the mountains classification for a further four years.The race was won by Canada's Ryder Hesjedal of Garmin–Barracuda, becoming the first Canadian rider to win a Grand Tour event and the second non-European rider to win the Giro (the first being Andrew Hampsten in 1988); he also became only the second rider to take the leader's jersey from another rider on the final day, after Francesco Moser did so in 1984. Hesjedal won the general classification by 16 seconds over runner-up Joaquim Rodríguez of Spain, representing Team Katusha – the closest race-winning margin since Eddy Merckx beat Gianbattista Baronchelli by 12 seconds in the 1974 edition – who also won two stages and the points classification title, edging out Team Sky sprinter Mark Cavendish by one point. Third place was taken by Vacansoleil–DCM's Thomas De Gendt of Belgium, after he put in strong performances on the final two stages of the race; he won the race's queen stage, finishing at the high-point of the itinerary, at the Stelvio Pass and also finished in the top five of the time trial. As such, he gained sufficient time to move up from ninth to third over those stages, becoming the first Belgian rider to take a Grand Tour podium since Johan Bruyneel finished third at the 1995 Vuelta a España.In the race's other classifications, Team Sky rider Rigoberto Urán of Colombia finished as the best rider aged 25 or under in the general classification, finishing in seventh place overall; the mountains competition was won by Italy's Matteo Rabottini of the Farnese Vini–Selle Italia team, scoring almost double the number of points that his nearest rival in the standings accrued. Rabottini was the only Italian to feature on the podium, as for the first time since 1995, no Italian riders finished in the top three overall, as Lampre–ISD's Michele Scarponi – the defending champion – could only finish fourth overall.

2014–15 Serie B

The 2014–15 Serie B was the 83rd season since its establishment in 1929. A total of 22 teams contested the league: 16 of which returning from the 2013–14 season, 4 of which promoted from Prima Divisione, and three relegated from Serie A. The original concept was that due to Siena's exclusion because of financial issues and the fact such vacancy will not be filled in preparation of a future reduction to a league composed by 20 teams, this season featured 21 participant clubs instead of the usual 22. However, on 11 August 2014, Novara won an appeal and the league confirmed a 22nd team. On 29 August, the league chose Vicenza Calcio as the 22nd participant.The series have 42 weeks of play. The opening games of the season began on 30 August 2014, and the final matches took place on 22 May 2015.

Atlante (private equity fund)

Atlante is an Italian private equity fund that is dedicated to recapitalize some Italian banks, as well as purchase the securities of the junior tranches of non-performing loans. The fund was under regulated by EU Alternative Investment Fund Managers Directive.

According to Federico Ghizzoni, former CEO of UniCredit, although the bank may inject €1 billion to the fund, the bank had a priority to sell their bad loan to the fund. UniCredit had about €20 billion net value of bad loans on the balance sheets as of 31 December 2015. Moreover, both UniCredit and Intesa Sanpaolo (via Banca IMI) were already underwritten Banca Popolare di Vicenza and Veneto Banca for a combined €2.5 billion capital increases. The contributions of the fund would make the fund become the buyer of the unsold shares, instead of the banks themselves. As BPVi announced that the new shares would be priced between €3 and €0.1 per shares, the fund on behalf of UniCredit would purchase the unsold share for €0.1 only.It was reported that banking foundations, such as Fondazione Cariplo, Fondazione Cariparo, Compagnia di San Paolo and Fondazione CRT, which in previous banking reforms were forced to sell their banking subsidiaries (forced to diversify investments), were invited to invest in the fund. According to ACRI, the foundations had €40 billion shareholders' equity, with most of them no longer owning their banks in majority or entirely sold. Fondazione Cariplo, a shareholder of Intesa Sanpaolo and the management firm of the fund, had a shareholders' equity of €8.9 billion.On 29 April 2016 Quaestio announced that the fund had collected €4.249 billion from 67 investors including Cassa Depositi e Prestiti.

Banca Esperia

Banca Esperia S.p.A. is an Italian bank which is a joint venture of Mediobanca and Banca Mediolanum (before 2015: Mediolanum S.p.A.).

Cassa di Risparmio di Lucca Pisa Livorno

Cassa di Risparmio di Lucca Pisa e Livorno S.p.A. was an Italian saving bank based in Lucca. It was a subsidiary of Banco Popolare and currently a sub-division (under BPL) and brand of the group Banco BPM.

Class CNBC

Class CNBC (formerly CFN/CNBC) is an Italian pay television channel, working as a localised version of CNBC Europe, albeit with a major focus on the Italian financial markets. The channel is headquartered in Milan, site of the Borsa Italiana, and is a joint venture between the publishing house Class Editori, which holds a majority stake, along with NBC Universal (owner of CNBC Europe) and Italy's largest commercial television company Mediaset, who hold 20% of the channel each. The channel broadcasts for sixteen hours per day, covering trading in Europe, Asia and the United States and it has correspondents in other countries, such as at CNBC Europe in London. Class CNBC uses the current on-air graphical look of CNBC Europe, but it has used the same ticker since the launch of the channel. The director is Andrea Cabrini.

Credito Emiliano

Credito Emiliano S.p.A. (Credem) is an Italian bank based in Reggio Emilia, Emilia-Romagna. The company is a component of FTSE Italia Mid Cap Index .

According to a research by Mediobanca, Credito Emiliano was ranked the 14th largest bank in Italy by total assets as of 31 December 2015, despite several banking group were omitted in the research. If omitting central banks, postal savings and subsidiaries of foreign banking groups, the bank was ranked 10th, (9th among retail and commercial conglomerates if omitting investment banks and insurance-bank conglomerates of Italy such as Banca Mediolanum and Mediobanca). Due to its size, the bank was supervised by European Central Bank directly, as part of the Single Supervisory Mechanism (as 1 of the 14 Italian banking groups).The company also had several internal divisions: Credem Banca (retail banking), Credem Banca d'Impresa (corporate banking) and Credem Private Banking.

Ennio Doris

Ennio Doris (born 3 July 1940), is an Italian billionaire businessman, the founder of Mediolanum SpA, and chairman of Banca Mediolanum, part of Gruppo Mediolanum, a large Italian banking, funds management and insurance group.

Fininvest

Finanziaria d'investimento Fininvest S.p.A., known as just Fininvest S.p.A., is an Italian holding company controlled by the Berlusconi family and managed by Silvio Berlusconi's eldest daughter Marina Berlusconi.

Gianluca Bocchi

Gianluca Bocchi (19 December 1954) is an Italian philosopher.

Giro d'Italia

The Giro d'Italia (Italian pronunciation: [ˈdʒiːro diˈtaːlja]; English: Tour of Italy; also known as the Giro) is an annual multiple-stage bicycle race primarily held in Italy, while also occasionally passing through nearby countries. The first race was organized in 1909 to increase sales of the newspaper La Gazzetta dello Sport; however it is currently run by RCS Sport. The race has been held annually since its first edition in 1909, except when it was stopped for the two world wars. As the Giro gained prominence and popularity the race was lengthened, and the peloton expanded from primarily Italian participation to riders from all over the world. The Giro is a UCI World Tour event, which means that the teams that compete in the race are mostly UCI WorldTeams, with the exception of the teams that the organizers can invite.Along with the Tour de France and Vuelta a España, the Giro makes up cycling's prestigious three-week-long Grand Tours. The Giro is usually held during late May and early June. While the route changes each year, the format of the race stays the same, with the appearance of at least two time trials, and a passage through the mountains of the Alps, including the Dolomites. Like the other Grand Tours, the modern editions of the Giro d'Italia normally consist of 21 day-long segments (stages) over a 23-day period that includes 2 rest days.Stages are usually timed to the finish. After finishing, the riders' times are compounded with their previous stage times. The rider with the lowest aggregate time is the leader of the race and gets to don the coveted pink jersey. While the general classification gathers the most attention there are other contests held within the Giro: the points classification for the sprinters, the mountains classification for the climbers, young rider classification for the riders under the age of 25, and the team classification for the competing teams.

Giuseppe Mascitelli

Giuseppe Mascitelli (born 9 November 1959) graduated from the University of Urbino. He is president of Filmare GroUP, a holding company (which is processed in SpA by the year) which includes all the initiatives of its main shareholder, the family Mascitelli and deals with activities around the world of communication, but not limited to; its activity is summarized by the slogan 'Experience Makers'. Filmare GroUP includes Mascitelli & Partners, an initiative to share with the major institutions of the banking and insurance a wealth experiences and knowledge about communication, training and research in these sectors. Founder, in 1998, along with Ennio Doris, of Alboran SPA (with which he has implemented the first European TV Company in finance), is also co-founder in 2006 of Mobango Ltd, one of the world's first Mobile Community. Always up to date with technological innovation, Mascitelli has implemented its digital ecosystem with numerous platforms connected with www.giuseppemascitelli.com aggregator.

Giuseppe Mascitelli has been with the Mediolanum Group since its birth, making a strong imprint both to the communication side of the group and to the important strategic choices it has made. He has been CEO of Mediolanum Communications S.p.A., a board member of the Mediolanum Corporate University S.p.A. and business management consultant of Banca Mediolanum S.p.A.

List of Italians by net worth

The list of the wealthiest of Italy is a list extracted from that published by United States Forbes, which brings together the richest men every year.

List of banks in Italy

Italy had 11 banking group (excluding banking group that owned by foreign banks) that were supervised by the European Central Bank directly. According Mediobanca, there are more than 350 banking groups or independent banks as of 2017. However, ECB considered ICCREA Banca, the clearing house of Italian cooperative banks federation as one banking group, which the publication of Mediobanca considered the cooperative banks are individual entities, such as Banca di Credito Cooperativo di Roma was ranked 22nd in the publication, while ICCREA Banca and Bank of Italy were excluded from the publication.

Mediolanum (company)

Mediolanum S.p.A. was an Italian financial services company based in Basiglio, in Metropolitan City of Milan, founded by Ennio Doris in 1982. Mediolanum Group was headed by Mediolanum S.p.A., until reversed merger with subsidiary Banca Mediolanum in 2015.

Doris remains the chief executive officer and largest shareholder with around 40% of the company today. The second-largest shareholder with over 36% is Berlusconi's Fininvest. Mediolanum is active in the banking (as Banca Mediolanum and Banco Mediolanum in Spain), life insurance and mutual fund sectors and aims much of its products towards individuals and families. The firm also operates in other European countries, notably Spain where it owns Fibanc.

The company Mediolanum S.p.A. was listed on the Borsa Italiana and was a constituent of the FTSE MIB index until the end of 2015 when it was merged with Banca Mediolanum.

Mediolanum (disambiguation)

Mediolanum (lit. "Central" or "Midfield") was the name of at least 18 ancient Roman cities and towns, including:

Mediolanum, modern Milan in Italy.

Mediolanum Santonum, modern Saintes in France.

Mediolanum Aulercorum, modern Évreux, France.

Mediolanum Biturigum, modern Châteaumeillant, France.

Mediolanum, now Whitchurch, England.

Mediolanum, another British site placed by Ptolemy in central Wales and sometimes identified with Meifod, Llanfyllin or CaerswsMediolanum may also refer to:

Gruppo Mediolanum, an Italian financial services group based in Basiglio near Milan.

Banca Mediolanum, an Italian bank of the Gruppo Mediolanum

Mediolanum (train), a name used for international express trains connecting to Milan

Milan

Milan (, also US: , Milanese: [miˈlãː]; Italian: Milano [miˈlaːno] (listen)) is a city in northern Italy, capital of Lombardy, and the second-most populous city in Italy after Rome, with the city proper having a population of 1,395,274 while its metropolitan city has a population of 3,250,315. Its continuously built-up urban area (that stretches beyond the boundaries of the Metropolitan City of Milan) has a population estimated to be about 5,270,000 over 1,891 square kilometres (730 square miles). The wider Milan metropolitan area, known as Greater Milan, is a polycentric metropolitan region that extends over central Lombardy and eastern Piedmont and which counts an estimated total population of 7.5 million, making it by far the largest metropolitan area in Italy and the 54th largest in the world. Milan served as capital of the Western Roman Empire from 286 to 402 and the Duchy of Milan during the medieval period and early modern age.

Milan is considered a leading alpha global city, with strengths in the field of the art, commerce, design, education, entertainment, fashion, finance, healthcare, media, services, research and tourism. Its business district hosts Italy's stock exchange and the headquarters of national and international banks and companies. In terms of GDP, it has the third-largest economy among European cities after Paris and London, but the fastest in growth among the three, and is the wealthiest among European non-capital cities. Milan is considered part of the Blue Banana and one of the "Four Motors for Europe".

The city has been recognized as one of the world's four fashion capitals thanks to several international events and fairs, including Milan Fashion Week and the Milan Furniture Fair, which are currently among the world's biggest in terms of revenue, visitors and growth. It hosted the Universal Exposition in 1906 and 2015. The city hosts numerous cultural institutions, academies and universities, with 11% of the national total enrolled students. Milan is the destination of 8 million overseas visitors every year, attracted by its museums and art galleries that include some of the most important collections in the world, including major works by Leonardo da Vinci. The city is served by a large number of luxury hotels and is the fifth-most starred in the world by Michelin Guide. The city is home to two of Europe's most successful football teams, A.C. Milan and F.C. Internazionale, and one of Italy's main basketball teams, Olimpia Milano. Milan, along with the ski resort of Cortina d'Ampezzo, will host the 2026 Winter Olympics.

Mountains classification in the Giro d'Italia

The Mountains classification in the Giro d'Italia is a secondary classification that is a part of the Giro d'Italia, one of cycling's Grand Tour races. In this classification, points are awarded to the leading riders over designated climbs. The climbs are put into different classifications based on difficulty and its position on that day's stage. Bonus points are given to mountain top finishes and to the first riders over the Cima Coppi, traditionally adjudged as the highest point of the entire Giro.

The classification was first calculated in 1933; from 1974 to 2011, the leader of the mountains classification in the Giro d'Italia wore the maglia verde (from Italian: "green jersey"): in 2012, as part of a sponsorship deal, the jersey color was changed to blue (maglia azzurra).

Roberta Pinna

Roberta Pinna, is an Italian national contemporary artist and art adviser whose work explores gender, sexuality and identity. She is most known for her paintings of flying silhouettes. Pinna is widely associated with the re-emergence of the figurative and decorative in contemporary art.

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