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Home > Company Index > Banking > Banking - Europe > Credito Fondiario e Industriale S.p.A.

Credito Fondiario e Industriale S.p.A.
 NEWS FROM THE WIRES
Colombia's peso, stocks up
Aug 10 2001 02:03 PM PDT

Colombia's Coltobaco to spin off assets - analyst
Jul 31 2001 11:44 AM PDT

More WIRE STORIES about this company

 PROFILE
Fonspa isn't having much fun. The troubled credit bank (officially named Credito Fondiario e Industriale) provides mortgages, construction loans, and retail banking services to homeowners and businesses throughout Italy. Delinquent assets account for about one-third of Fonspa's balance sheet. The debt-burdened bank has seen its stock price crash and its majority shareholders shun ownership. (Morgan Stanley Dean Witter won a bidding contest to acquire Fonspa from its largest shareholders, Banca Commerciale Italiana--now part of IntesaBci--and UniCredito Italiano.) Morgan Stanley Dean Witter will use Fonspa as an entrance into the Italian market, where it can sell securities and specialized real estate loans.

 COMPETITION
Banca di Roma (BRM)
IntesaBci S.p.A. (BIN)
Banca Monte dei Paschi di Siena SpA (BMPS)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 241.40
1-Yr. Sales Growth: (41.7)%

 KEY PEOPLE
• Renato Cassaro
    CEO
• Orlando Bombetti
    CFO

 CONTACT INFO
Via Cristoforo Colombo, 80
00147 Rome, Italy
Phone: 39-06-57961
Fax: 39-06-5782-251
Online: Web Site

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