The Banca di Credito Sardo was an Italian bank headquartered in Cagliari, Sardinia. In 2014, it was absorbed into their parent company Intesa Sanpaolo. The head office building, located in Cagliari, was designed by the Italian architect Renzo Piano.[2]
History
The bank was founded as Credito Industriale Sardo, ente di diritto pubblico con personalità giuridica propria in 1953 as one of the 19 Mediocredito of Italy, as well as one of the three Istituti per il Finanziamento a Medio Terminealle Medie e Piccole Industrie nell'Italia Meridionale e Insulare (Istituti Meridionale), which were funded by Cassa per il Mezzogiorno.[3] The bank provided medium term loans to small and medium industries from the island.
Due to 1990s Italian law to restructure credit institutions, known as Legge Amato, the bank became a limited company in 1992.[4] The bank renamed into Banca CIS in the 1990s but remained a regional bank focussed on Sardinia.[5]