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Banca Commerciale Italiana (BCI, colloquially known as Comit), founded in 1894, was a major Italian bank based in Milan.In 1999, it merged with the group recently formed by the combination of Cassa di Risparmio delle Provincie Lombarde and Banco Ambroveneto to form IntesaBCI, in which BCI temporarily became a sub-holding company.
Currently BCI is the third largest private bank in terms of loans and the fourth bank in number of customers, behind the privates Banco Santander, Chile and Banco de Chile, and the state Banco Estado. In 2013 BCI purchased Miami, Florida based City National Bank of Florida for $882 million from Spanish lender Bankia. City National has 26 ...
Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. [7] It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a corporate identity stretching back to its first foundation as Istituto Bancario San Paolo di Torino in 1583.
At the time, BCI was Italy's largest bank, and the main institution financing industry in northern Italy. [2] In 1921 the bank transferred its agency to a building on Williams Street that BCI had bought. In 1913 or 1914, BCI had taken an equity interest in Lincoln Trust Co., of New York. BCI sold its interest in 1922. [3]
The bank is primarily active in Portugal and Spain, Angola and Mozambique. In Angola, BPI is the market leader in corporate banking and its activity reached a 25% market share on its 50.1% stake in Banco de Fomento Angola (BFA) with 750,000 customers (as at December 2010). In Mozambique, the BPI maintains a 30 percent stake in the bank BCI Fomento.
Bank BIC Namibia Limited (Bank BIC Namibia) is a commercial bank in Namibia. It is licensed by the Bank of Namibia (BoN), to operate and trade in the country. [3] The bank is a subsidiary of the Bank BIC Group, a financial services conglomerate based in Angola, with banking subsidiaries in Angola, Portugal, Cape Verde and Namibia, and with a representative office in South Africa.
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