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In March 2008, Santander sold
Interbanca to GE Commercial Finance, receiving in return GE Money businesses in Germany, Finland and Austria, and GE's Card and Auto Financing Businesses in the UK.
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in
November at a 36% premium over the valuation for the acquisition. Although Banco Santander had sold Antonveneta, it retained Interbanca for the time being.
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in
November 2016, as part of a strategy by GE to reduce its financial services division. The bank is under Banca IFIS Impresa division of the group.
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acquired
Interbanca for €160 million, with an obligation to repay the inter-company debt, totalling €2.1 billion, to GE.
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that specializes in lending and financing transactions for medium-sized firms. Its headquarters are in
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Following a series of acquisitions in the
Italian banking industry, Interbanca became a subsidiary of
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acquired
Antonveneta, only to be itself acquired by a consortium consisting of
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Interbanca was merged with the parent company Banca IFIS on 23 October 2017.
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622:"BRIEF-Banca IFIS: deed of merger of Interbanca into Banca IFIS signed"
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527:"Santander and Monte dei Paschi di Siena: agreement on Antonveneta"
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and it has 10 branches in major cities throughout Italy.
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to sell the
Interbanca, then had a net assets of over
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440:in 1961. By 1997 it had come under the control of
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580:(Press release). Banca IFIS. 30 November 2016
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602:(Press release). Banca IFIS. 3 October 2017
404:. In March 2008, the bank was purchased by
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109:Learn how and when to remove this message
696:Italian companies disestablished in 2017
507:(in Italian). Banca IFIS. 30 March 2017
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676:Italian companies established in 1961
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686:Former General Electric subsidiaries
47:adding citations to reliable sources
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550:Barbaglia, Pamela (28 May 2015).
424:A consortium of banks comprising
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434:Banca Nazionale dell'Agricoltura
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377:Footnotes / references
34:needs additional citations for
469:In May 2015, GE appointed the
172:absorbed by the parent company
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691:Banks disestablished in 2017
272:868 million (2016)
505:"2016 Relazioni e Bilancio"
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430:Banca d'America e d'Italia
671:Banks established in 1961
624:. Reuters. 4 October 2017
554:. Reuters. Archived from
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666:Defunct banks of Italy
410:GE Capital Interbanca
406:GE Commercial Finance
130:GE Capital Interbanca
16:Italian merchant bank
558:on December 27, 2015
339:IFIS Rental Services
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370:bancaifisimpresa.it
288:Number of employees
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147:Financial services
442:Banca Antonveneta
412:. It was sold to
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99:February 2016
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32:This article
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626:. Retrieved
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361:37.4% (CET1)
323:IFIS Leasing
315:Subsidiaries
258:Total equity
251: (2016)
237:Total assets
230: (2016)
177:Headquarters
135:Company type
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58:"Interbanca"
53:
41:Please help
36:verification
33:
628:28 November
606:28 November
584:28 December
562:26 December
660:Categories
536:2019-07-06
491:References
482:Banca IFIS
436:, founded
414:Banca IFIS
308:Banca IFIS
281:Banca IFIS
213:Net income
138:Subsidiary
122:Interbanca
69:newspapers
447:In 2006,
203:factoring
480:In 2016
449:ABN AMRO
191:Services
143:Industry
127:Formerly
511:1 April
420:History
366:Website
249:billion
247:€2.204
200:leasing
161:Defunct
153:Founded
83:scholar
457:Fortis
432:, and
342:(100%)
334:(100%)
326:(100%)
303:Parent
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395:Milan
277:Owner
185:Italy
181:Milan
90:JSTOR
76:books
630:2017
608:2017
586:2016
564:2015
513:2017
169:Fate
156:1961
62:news
45:by
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224:(€
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