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Organization: Veneto Banca
LEI 549300W9STRUCJ2DLU64, SWIFT VEBHIT2MXX

The issuer's bonds defaulted in 2017
Liquidated
Successor company: Intesa Sanpaolo
Organization name
Veneto Banca S.p.A
Country name
Italy
Country of registration
Italy
Industry
Banks
Bond debt
917 mln USD

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Profile

As of November 2010, VENETO BANCA S.p.A. was acquired by Veneto Banca s.c.p.a. VENETO BANCA S.p.A. operates as a cooperative bank. The company collects savings and offers credit in the form of credit and debit cards, loans, insurance, and investment funds for families; and loans, company credit cards, corporate finance, and long-term vehicle hire services for small businesses, as well as agriculture finance, e-commerce, metal accounts, leasing, factoring, and brokerage services. The company also issues bonds and convertible bonds. VENETO BANCA S.p.A. was formerly known as VB Servizi Spa and changed its name in December, 2007. The company was founded in 2007 and is based in Montebelluna, Italy. On 23 June 2017, the European Central Bank and the Single Resolution Board determined Veneto Banca and sister bank BPVi were insolvent, but not yet fulfilled the criteria to put the bank in resolution by the board. The two banks would be wound up by Italian government under Italian laws, into good and bad banks instead. After Intesa Sanpaolo S.p.A expressed its interests in acquiring some of the good assets (the "good banks") of Veneto Banca and BPVi, a contract was signed on 26 June. The company was absorbed by Intesa Sanpaolo S.p.A for total sum of 0.5 euros on 26 June, 2017

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Codes

  • LEI
    549300W9STRUCJ2DLU64
  • SWIFT
    VEBHIT2MXX
  • ICB
    8,300 Banks

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Macroeconomic Indicators - Veneto Banca

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