Credito Fondiario is leader in the credit sector in Italy, managing credits for over EUR 50 billion, and credits for over EUR 16 billion in special servicing, having invested more than EUR 800 million in non-performing loans.

The Bank launched the time deposit Esagon, first instrument of its kind dedicated to long-term savers.

Back in 2013, the Bank was acquired by Tages Holding and by a group of Italian entrepreneurs, with the aim of operating in the rising secondary credit market in Italy, acting both as servicer and investor.

Following the acquisition of an American international group, the bank changed its mission, specializing firstly in the servicing securitization sector, then in retail mortgage loans (from 2016). During these years, the bank was called Credito Fondiario – FonspaBank.

After the banking sector deregulation reform, the bank started providing medium-long term industrial financing and changed its name into Credito Fondiario e Industriale–Fonspa – institution for medium-and longterm financing.

The Bank is listed in the Milan Stock Exchange, from which it is delisted only in 2001, after a change in ownership.

The Bank entered the ‘IRI network’, Institution for Industrial reconstructing, and was controlled by Banco di Roma, Commit and Credit (1960). In 1965, the Bank was named Credito Fondiario. The bank debentures are the main source of founding.

After the second world war, the Bank expanded its activities through major initiatives and industrial funding and extended on the entire territory

The Bank was founded on April 28th, 1898, in Cagliari – with the name of Credito Fondiario Sardo. It was specialized on providing mortgage loans in the Sardinian area and in Rome.