Credito Artigiano
An Italian bank founded in Milan in 1946 that became part of Credito Valtellinese in 2012.
Last updated August 26, 2026
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Overview
Credito Artigiano was an Italian banking institution headquartered in Milan, Lombardy. Established in 1946, it operated as a distinct banking brand and legal entity within Italy before ultimately being absorbed by Credito Valtellinese in 2012. Its name referred to an artisan-oriented banking identity, but the available historical record identifies it primarily as an Italian bank rather than as a narrowly limited specialist institution. The bank became part of the Credito Valtellinese group in 1995, marking the beginning of a long period in which its ownership and strategic direction were linked to the larger banking group. Credito Artigiano was subsequently listed on Borsa Italiana in 1999. At that time, Credito Valtellinese held a majority stake of 54.01 percent. Over the following years, Credito Valtellinese progressively increased its ownership, purchasing or consolidating additional interests and reaching 63.34 percent in 2002, 65.04 percent in 2003, 65.50 percent in 2004, 65.72 percent in 2005, 69.82 percent in 2008, 69.85 percent in 2009, 69.88 percent in 2010, and 72.14 percent in 2011. Credito Artigiano also participated in the expansion of the Credito Valtellinese group. In 2000, it acquired 51 percent of Banca dell'Artigianato e dell'Industria. In 2001, it acquired a 76.94 percent interest in Banca Regionale Sant'Angelo, formerly known as Nuova Banca del Monte Sant'Agata. From 2002, Credito Artigiano jointly controlled Credito Siciliano with its parent company after that subsidiary was established. These transactions placed the bank within a broader multi-bank structure rather than leaving it as an isolated regional institution. The bank's product portfolio is not fully detailed in the available reference material. As an Italian commercial bank, it is associated with ordinary banking activity, including deposit-taking, lending, payment services, and related financial services, but the supplied sources do not provide a sufficiently detailed product catalogue to identify specific branded accounts, loan products, cards, or digital platforms. Its most clearly documented business role was as a banking subsidiary and acquisition vehicle within the Credito Valtellinese group. Credito Artigiano ceased to exist as a separate institution on 10 September 2012, when it was incorporated into Credito Valtellinese. The incorporation ended its independent corporate and brand history. It should therefore be treated as a defunct Italian bank rather than as an active financial-services brand. The former listing and the ownership changes leading to the incorporation are the principal documented milestones in its corporate history.
History
Credito Artigiano was founded in Milan in 1946 and developed as an Italian banking institution with an identity connected to artisan and small-business banking traditions. The available historical record does not provide detailed information about its original founders, early branch network, management, or individual banking products. Its documented corporate history becomes clearer from the 1990s, when it entered the ownership structure of Credito Valtellinese. In 1995, Credito Artigiano became a subsidiary of Credito Valtellinese. This relationship placed the bank within a wider Italian banking group while allowing it to retain a separate name and corporate presence. In 1999, Credito Artigiano was listed on Borsa Italiana. Credito Valtellinese was already the controlling shareholder, holding 54.01 percent of the bank's shares. The listing provided a public-market identity, but it did not prevent the parent group from progressively consolidating ownership. The bank expanded its role within the group through acquisitions. In 2000, it purchased 51 percent of Banca dell'Artigianato e dell'Industria. In 2001, it acquired 76.94 percent of Banca Regionale Sant'Angelo, which had previously been known as Nuova Banca del Monte Sant'Agata. These transactions broadened the group's banking footprint and made Credito Artigiano an important participant in the group's subsidiary structure. Credito Artigiano also jointly controlled Credito Siciliano with Credito Valtellinese after the subsidiary was created in 2002. During the same year, Credito Valtellinese increased its ownership of Credito Artigiano to 63.34 percent, including the purchase of a five-percent interest from Cattolica Assicurazioni. The parent's ownership continued to rise over the next decade: it reached 65.04 percent in 2003, 65.50 percent in 2004, 65.72 percent in 2005, 69.82 percent in 2008, 69.85 percent in 2009, 69.88 percent in 2010, and 72.14 percent in 2011. These increases show a gradual movement from majority control toward fuller integration within Credito Valtellinese. The source material does not document major scandals, leadership changes, financial results, or detailed marketing campaigns associated with the bank. It also does not identify a surviving independent website or a current product portfolio, because the institution no longer operates as a separate bank. On 10 September 2012, Credito Artigiano was incorporated into Credito Valtellinese. This transaction terminated Credito Artigiano's independent corporate existence and ended its separate stock-market and brand history. The former bank is consequently classified as defunct. Its historical significance lies in its role as a Milan-based Italian bank, a listed subsidiary of Credito Valtellinese, and an acquisition and control platform within that group's broader banking organization.
- 2012
Incorporation into Credito Valtellinese
[1]On 10 September 2012, Credito Artigiano was incorporated into Credito Valtellinese and ceased to exist as a separate bank.
- 2002
Expanded control by Credito Valtellinese
[1]Credito Valtellinese increased its ownership of Credito Artigiano to 63.34 percent. Credito Artigiano also jointly controlled Credito Siciliano with the parent group.
- 2001
Acquisition of Banca Regionale Sant'Angelo
[1]The bank acquired a 76.94 percent stake in Banca Regionale Sant'Angelo, formerly Nuova Banca del Monte Sant'Agata.
- 2000
Acquisition of Banca dell'Artigianato e dell'Industria
[1]Credito Artigiano acquired a 51 percent stake in Banca dell'Artigianato e dell'Industria.
- 1999
Borsa Italiana listing
[1]The bank was listed on Borsa Italiana, with Credito Valtellinese holding 54.01 percent of its shares.
- 1995
Entry into the Credito Valtellinese group
[1]Credito Artigiano became a subsidiary of Credito Valtellinese.
- 1946
Foundation in Milan
[1]Credito Artigiano was established in Milan, Lombardy, Italy.
Products and positioning
An Italian banking institution with an artisan-oriented name that operated within the Credito Valtellinese group and was ultimately consolidated into its parent.
Banking
Retail and commercial banking services
Credito Artigiano operated as an Italian bank and therefore provided ordinary banking services for individuals and businesses. The available reference material does not identify specific account names, lending products, card brands, or digital services. This entry records the general banking scope documented by the institution's status rather than assigning unverified product names.
Brand decisions
2012
Incorporation into Credito ValtellineseM&ABackground
Credito Valtellinese had progressively increased its ownership of Credito Artigiano over the preceding years.
Action taken
On 10 September 2012, Credito Artigiano was incorporated into Credito Valtellinese.
Aftermath
Credito Artigiano ceased to operate as an independent bank and its separate corporate identity ended.
2001
Acquisition of Banca Regionale Sant'AngeloM&ABackground
Credito Artigiano continued its acquisition activity within the Italian banking sector.
Action taken
It acquired a 76.94 percent stake in Banca Regionale Sant'Angelo, formerly Nuova Banca del Monte Sant'Agata.
Aftermath
The acquisition further broadened the banking assets associated with Credito Artigiano and Credito Valtellinese.
2000
Acquisition of Banca dell'Artigianato e dell'IndustriaM&ABackground
Credito Artigiano was expanding its role within the Credito Valtellinese banking group.
Action taken
It acquired 51 percent of Banca dell'Artigianato e dell'Industria.
Aftermath
The transaction added another banking institution to the group's structure.
Recent events
- 2012
Credito Artigiano is incorporated into Credito Valtellinese[1]
M&A · Other
On 10 September 2012, Credito Artigiano was incorporated into its parent, ending the bank's existence as a separate institution.
- 2001
Credito Artigiano acquires a majority stake in Banca Regionale Sant'Angelo[1]
M&A
The bank acquired 76.94 percent of Banca Regionale Sant'Angelo, formerly known as Nuova Banca del Monte Sant'Agata.
- 2000
Credito Artigiano acquires stakes in two Italian banks[1]
M&A
Credito Artigiano acquired 51 percent of Banca dell'Artigianato e dell'Industria.
- 1999
Credito Artigiano is listed on Borsa Italiana[1]
Other
The bank's shares were admitted to trading on Borsa Italiana. Credito Valtellinese held 54.01 percent of the shares at the time.
- 1995
Credito Artigiano becomes a subsidiary of Credito Valtellinese[1]
M&A · Other
Credito Artigiano entered the Credito Valtellinese group as a subsidiary.
Sources2 sources
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