Company:Banca Generali
Native name | Banca Generali S.p.A. | ||||||||||||||||||||||||||
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| Type | subsidiary of listed company (listed company itself) | ||||||||||||||||||||||||||
Short description: Italian stock exchange
Borsa Italiana S.p.A., based in Milan, is Italy's only stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.[2] Following exchange privatisation in 1997, the Company was established and became effective since 2 January 1998.[3] It is now a subsidiary of the London Stock Exchange Group plc since 23 June 2007.[4] In 2015, overall capitalisation for listed company on Borsa Italiana was worth €567.2 billion, representing 34.8% of Italian GDP.[5] Borsa Italiana is also informally known as Piazza Affari ("Business Square"), after the city square of Milan where its headquarters (the Palazzo Mezzanotte building) is located. Borsa Italiana is chaired by Andrea Sironi, and Raffaele Jerusalmi is the CEO. They are both directors of the London Stock Exchange Group.[6] Borsa Italiana is regulated by the Commissione Nazionale per le Società e la Borsa (CONSOB), an agency of the Ministry of Economy and Finance, based in Rome. HistoryThe Borsa di commercio di Milano (Milan Stock Exchange) was established by Eugène de Beauharnais, viceroy of the Napoleonic Kingdom of Italy, through decrees dated 16 January and 6 February 1808.[7] It operated under public ownership until 1998, when it was privatized.[8] In 1997, all the Italian stocks were merged. Before of this year other smaller stocks exchanges based in Naples, Turin, Trieste, Venice, Genoa, Florence, Bologna, Rome, and Palermo. In 1991 the electronic exchanges were approved and in 1994 the market with grida (A,B,C) was abolished. In Milan were also the currencies exchange rates fixing and the commodities fixing.[9] On 1 October 2007, Borsa Italiana was merged with the London Stock Exchange in an all-share takeover,[10] thus becoming part of the London Stock Exchange Group. In March 2016, the London Stock Exchange Group announced the agreement to merge in an all-stock deal with Deutsche Borse, but was subsequently blocked by the EU Competition Regulator.[11] OperationsBorsa Italiana acts as a market management firm operating with autonomy and flexibility. It organises and manages the domestic stock market along with Italian and international brokers through fully electronic trading system. Among its leading tasks, Borsa Italiana supervises listed companies, defining rules for admission and listings and supervising transaction activities.[12] Trading hoursMarketsMajor trading markets for Borsa Italiana are:
Borsa Italiana also include markets for derivatives (IDEM),[17] ETF (ETFPlus) and bonds (MOT).[18] IndicesBorsa Italiana's main indices are:[19]
Listed companiesSee also
ReferencesNotes
External links
FTSE MIB Component | |||||||||||||||||||||||||||
| Industry | Financial services | ||||||||||||||||||||||||||
| Predecessor | Cassa di Risparmio di Trieste Specialcredito (bank license and legal person) | ||||||||||||||||||||||||||
| Founded | 1998 | ||||||||||||||||||||||||||
| Founder | Assicurazioni Generali | ||||||||||||||||||||||||||
| Headquarters | Trieste , Italy | ||||||||||||||||||||||||||
| Services |
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| Total assets | |||||||||||||||||||||||||||
| Total equity | |||||||||||||||||||||||||||
| Owner | Generali Group (51.029%) | ||||||||||||||||||||||||||
| Parent | Generali | ||||||||||||||||||||||||||
| Capital ratio | 12.18% (CET1) | ||||||||||||||||||||||||||
| Website | bancagenerali.com | ||||||||||||||||||||||||||
| Footnotes / references in consolidated basis[1] | |||||||||||||||||||||||||||
Banca Generali S.p.A. is an Italian bank of Generali Group. Generali via Generali Italia (33.575%), Alleanza Assicurazioni (2.442%), Genertellife (4.900%), Genertel (0.442%) and Generali Vie S.A. (9.670%), owned 51.029% stake of the bank. In April 2018, Banca Generali won Global Brands Awards organized by Global Brands Magazine.[2]
The bank was a component of FTSE MIB index, representing the blue-chip of Borsa Italiana. In September 2018, Banca Generali inaugurated new headquarters in Citylife.[3]
References
- ↑ "2014 Annual Report". Banca Generali. 30 April 2015. http://www.bilancio-annuale.it/bancagenerali/2014/pdf/BG_RFA_2014_en.pdf.
- ↑ "Banca Generali vince ai Global Brands Awards" (in it). Affaritaliani.it. http://www.affaritaliani.it/economia/banca-generali-vince-ai-global-brands-awards-534027.html.
- ↑ "Banca Generali inaugura la nuova sede a Citylife" (in it). Affaritaliani.it. http://www.affaritaliani.it/economia/banca-generali-inaugura-la-nuova-sede-a-citylife-559361.html.
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