Credito Italiano

Credito Italiano

Credito Italiano was an Italian bank, founded in Genoa in 1870 as Banca di Genova. The shareholders were local nobility, bankers and merchants, creating an initial capital of 3 million lira.

A large financial crisis in Italy led to refinancing by German banks and a name change to Credito Italiano in 1895. In the early 20th century, Credito Italiano began to expand through acquisition of other local banks. The headquarters were moved to Milan and branch offices were opened abroad in London (1911), New York (1917), as well as Paris and Berlin (1921).

In the 1990s the Bank was privatised and embarked on another period of expansion. In late 1998 Credito Italiano was merged with Unicredito and renamed UniCredito Italiano, today called UniCredit.

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