Banco Di Sicilia - 650 Francs Bond
Inv# FB6412 Bond
650 Francs Bond. Palermo, Sicily.
Banco di Sicilia was an Italian bank based in Palermo, Sicily. It was a subsidiary of UniCredit but absorbed into the parent company in 2010.
In 1997 it acquired Sicilcassa, at the same time the capital increase of Banco di Sicilia was subscribed by Mediocredito Centrale.
In 1999 Mediocredito Centrale Group was acquired by Banca di Roma. Banco di Sicilia became a subsidiary the group. According to the Bank of Italy, Banco di Sicilia had market shares of 34% at that time in the island, in terms of branches. The sum of the branches of the second to sixth largest banking group in the island was still lower than 34%. (Banca Popolare di Lodi, Banca Antonveneta, Banca Commerciale Italiana, Banca Monte dei Paschi di Siena and Banca Popolare Sant'Angelo)
In 2002 Banco di Roma merged with Bipop Carire to form Capitalia. In 2007 Capitalia was acquired by UniCredit, which Banco di Sicilia became its subsidiary instead.
In 2008, 20 branches of the bank were sold to Banca Carige.
In 2010, UniCredit Banca, Banco di Sicilia and Banca di Roma were absorbed into the parent company UniCredit.
As at 31 December 2009, Banco di Sicilia had a total assets of €14,921,651,349 and a shareholders' equity of €422,168,345.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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