Bonifiche Siele history

By 1872, it had become the first Italian bank to do business in Buenos Aires, Argentina.

In the subsequent massive reorganization of banks in 1895, Banca di Genova became Credito Italiano, largely capitalized by German banks.

In 1898, Caisse Commerciale de Bruxelles, Crédit Liégiois, and Comptoir National d’Escompte de Paris acquired equity in Credito Italiano.

In 1907, Credito Italiano increased its capital with the financial support of Banque Fran£aise pour le Commerce et I’lndustrie and Banque de 1’Union Parisienne.

Credito Italiano was also named Correspondent of the Royal Treasury in 1911.

The bank continued to expand, so that by 1914 it had nine main branches, three regular branches, and 52 offices.

In 1917, a representative office opened in New York, where 700,000 Italian immigrants were potential customers.

Finally, in June 1918, the large banks formed a cartel to establish common policies and coordinate the rationing of Crédit.

In 1919, the bank founded Banca Unione di Credito in Lugano and bought an interest in Banque Générale des Pays Roumains and in several Austrian and Czechoslovakian banks.

After the war, a depression began, and by 1921 businesses had begun to fail in large numbers.

In 1926, the government announced that all joint-stock banks like Credito Italiano would have to gain the Minister of Finance’s consent before amalgamating branches or opening any new ones.

Credito Italiano continued to extend its reach overseas even after the 1929 stockmarket crash.

In 1930, when the bank absorbed Banca Nazionale di Credito, it acquired three foreign affiliates: Banque Italo-Francaise de Crédit, Banca Coloniale di Credito, and Banca Dalmata di Sconto.

In 1933, the government stepped in to rescue the banking system by creating IRI, a government holding company to buy the medium and long-term assets of the main commercial banks, including Banco di Roma, Banca Commerciale Italiana, and Credito Italiano.

In 1969, when the United States Federal Reserve Board began a policy of monetary restraint, a huge amount of funds flowed into the United States.

The oil crisis that began in 1973 was a severe blow to the Italian economy.

The ceilings on bank lending were removed in 1983 and the Bank of Italy began to liberalize the opening of new bank branches.

In 1984, Credito Italiano organized a wholly-owned subsidiary in London, Credito Italiano International Limited, a merchant bank.

Nevertheless, the October, 1987 stock market crash was reflected at Credito Italiano in a 33% drop in profits that year.

In 1992, he joined Bonifiche Siele Finanziaria (Parent Company of the Banca Nazionale dell’Agricoltura banking group), where he held the position of Manager in charge of the Planning and Strategic Control Department.

In 2013, he took on the role of General Manager of the Bank, Head of the Chief Financial Officer Governance Area and Head of the Banca dei Territori Division.

Since April 2016, within the one-tier corporate governance system, he has held the positions of Managing Director and CEO, General Manager and sole executive Board Director.

In 2017, Carlo Messina was awarded the “Cavaliere del Lavoro” knighthood for his services to industry by the President of the Italian Republic, Sergio Mattarella.