We are present in Italy in 11 regions with 355 branches, over 3,500 collaborators and we are part of the Crédit Agricole Italia Banking Group. We strive every day to achieve sustainable growth and profitability through the development of solid relationships with our stakeholders and the development of the territories in which we operate.
The foundations of our current Group structure were laid in the early eighties, when Credito Valtellinese, a small local bank, had outlined all necessary preconditions for the implementation of a business model – unprecedented, at that time – conceived as a "net-company", by taking over Technoleasing (turned later into Bancaperta, point of financial competence of the Group up to 2011), the establishment of companies as Bankadati, the information technology centre, Stelline, for the real estate property management, and Deltas, to control and develop the business plan as a whole.
Ever since, ours has been a story of growth, strengthening and gradual integration in areas marked by similar corporate culture. The significant turning point dates back to 1996, with Credito Artigiano, historic private Milan – based bank, joining us. Years later the development increases in Sicily with Banca Popolare Santa Venera in Acireale, Cassa San Giacomo in Caltagirone and Banca Regionale Sant'Angelo: in 2002 Credito Siciliano is founded from the merger of these three banks.Then Banca dell'Artigianato e dell'Industria in Brescia and in 2008, on the occasion of the centenary of Credito Valtellinese, it is the turn of Credito Piemontese and Carifano - Cassa di Risparmio di Fano, joined by two small banks from Lazio, Banca Cattolica in Montefiascone and Credito del Lazio, formerly Banca della Ciociaria.
In 2011 we started a reorganization of the Group's corporate structure, which led to the merger of Bancaperta, Credito Piemontese and Banca dell'Artigianato e dell'Industria into the parent company Credito Valtellinese, the incorporation of Banca Cattolica and Credito del Lazio into Credito Artigiano and the establishment of the new Carifano.
In 2012 the project to reconfigure our corporate structure was completed with the merger of Credito Artigiano into Credito Valtellinese, whose operating network directly is in charge of almost all of the regions in which we are present, with the exception of Sicily, the garrison of Credito Siciliano, and Marche and Umbria, where Carifano is active. At the end of 2016, Carifano was also incorporated into the Parent Company, marking a further step in the path of simplification of the corporate structure.
In 2016, following the deliberations of the extraordinary shareholders' meeting of 29 October, in accordance with the reform law of popular banks was approved in 2015, we take on the new legal form of joint-stock company.
2018 we begin a restructuring process that sees the completion of a capital increase of 700 million euros together with an important derisking process that involves the reduction of gross impaired loans by 50%. The organizational structure is further rationalized through the incorporation of Credito Siciliano and Creval Sistemi e Servizi into Credito Valtellinese and the incorporation of Creval PiùFactor into Claris Factor (a company specialized in factoring acquired in 2018).
Since October 2018 the governance has also been completely renewed with the installation of a new board of directors and, since April 2019, a new board of statutory auditors. In June 2019 the Board of Directors approved the 2019-2023 "Sustainable Growth" business plan which has as its main objective the achievement of sustainable growth and profitability in the medium to long term.