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Agreement with a leading institutional investor

Credito Fondiario announces today the launch of a capital strengthening programme involving both international and Italian institutional investors. The capital increase will be phased in tranches in the form of cash capital increases and through the acquisition of new assets

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Appointment of Andrea Munari as CEO of Credito Fondiario

The Board of Directors of Credito Fondiario has appointed Andrea Munari as Chief Executive Officer of the Bank.

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Credito Fondiario and the trade unions reach an agreement on the restructuring of the bank

Credito Fondiario and the Italian Trade Unions have signed an agreement in the connection with the bank’s restructuring announced at the time of the change of ownership. The agreement was approved today by the bank employee Assembly.

Tages and Harvip acquire Credito Fondiario

Tages and Harvip today completed the acquisition of 100% of the share capital of Credito Fondiario S.p.A. – Fonspa Bank from European Principal Assets Limited (EPAL), a subsidiary of Morgan Stanley International Holding.

The transaction has obtained authorisation from the Bank of Italy. The new shareholders plan to reposition the company’s mission in the new economic context, while recovering its historical Credito Fondiario brand.

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