September 24, 2016 9:26 PM ET

Banks

Company Overview of CheBanca! S.p.A.

Company Overview

CheBanca! S.p.A. provides retail and mortgage banking services. The company also provides online banking services. It offers deposit accounts and lending services. The company was formerly known as Micos Banca S.p.A. and changed its name to CheBanca! S.p.A. in May, 2008. CheBanca! S.p.A. was founded in 1991 and is based in Milan, Italy. CheBanca! S.p.A. operates as a subsidiary of Mediobanca Banca di Credito Finanziario S.p.A.

Viale Luigi Bodio, 37

Palazzo 4

Milan, MI 20158

Italy

Founded in 1991

Phone:

39 02 32 00 41 41

Key Executives for CheBanca! S.p.A.

Chief Executive Officer
Age: 48
Compensation as of Fiscal Year 2016.

CheBanca! S.p.A. Key Developments

Barclays To Reportedly Sell Italian Branched To CheBanca

Barclays PLC (LSE:BARC) is close to sell Italian bank branches to CheBanca! S.p.A. According to two sources familiar with the matter, the deal is expected to be announced as soon as December 3, 2015. The final details are still to be decided but the sources said Barclays has agreed to sell about 90 branches in Italy and will make a payment to Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) as part of the agreement. Business Standard added that Barclays and Mediobanca declined to comment.

Deutsche Bank To Reportedly Sell Italian Branches

Deutsche Bank AG (DB:DBK) is reviewing a plan to scale back its retail operations in Italy by cutting jobs and selling branches amid pressure to reduce costs and boost profitability, Reuters reported. If the bank does decide to sell branches, it will likely see interest from ING Groep N.V. (ENXTAM:INGA) and CheBanca! S.p.A., a source added.

ING Groep And CheBanca May Buy Retail Business

ING Groep N.V. (ENXTAM:INGA) and CheBanca! S.p.A. are interested to buy retail business of Barclays PLC (LSE:BARC), one source told the newswire.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 3, 2015
Barclays PLC., Italian Retail Banking
 

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