Banca Antonveneta

Banca Antonveneta S.p.A. was an Italian bank based in Padua, Italy. The bank was absorbed into Banca Monte dei Paschi di Siena in 2013.

Banca Antonveneta S.p.A.
Formerly
  • Banca Antoniana Popolare Veneta S.c. a r.l.
  • Banca Antoniana Popolare Veneta S.p.A.
Company type
Subsidiary(2006–2013)
Listed(2002–2006)
Cooperative(1996–2002)
IndustryFinancial services
Predecessor
  • Banca Antoniana
  • Banca Popolare Veneta
Founded
1996(date of merger)
2008(new legal entity)
Defunct2013
Fateabsorbed by the parent company
Headquarters
Padua
,
Italy
Services
  • retail banking
  • corporate banking
OwnersBanca Monte dei Paschi di Siena (100%)
ParentBanca Monte dei Paschi di Siena

In 2008, it was the 9th largest banking group in Italy in terms of customer loans and the 8th largest in terms of total assets, with 1,000 branches, 10,800 employees and €50bn in assets.

The bank only operates in the fragmented Italian market, where it has a market share of roughly 3%, as the 6th largest bank at that time. More precisely, the bank had 8% market share in Veneto, 7% in Friuli, 6% in Sicily and 3% in both Lazio and Emilia Romagna. It has a focus on the wealthy Northeast of the country with 6% market share and 600 branches.

Eighty-six percent of its clients are retail clients, accounting for 58% of assets, most of which are owned by affluent and private clients, 12% corporate, accounting for 42% of assets, and 2% institutional.

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