Deutsche Bank (Italy)

Deutsche Bank S.p.A. is an Italian bank based in Milan, Lombardy. It is a subsidiary of Deutsche Bank A.G.

Deutsche Bank

Native name	Deutsche Bank S.p.A.
Formerly	Banca dell'Italia Meridionale Banca d'America e d'Italia
Company type	Società per Azioni
Industry	Financial services
Founded	1917 1922 (acquired by Bank of America) 1986 (acquired by Deutsche Bank)
Headquarters	3 Piazza del Calendario, Milan , Italy
Net income	€62.810 million (2014)
Total assets	€30.870  billion (2024)
Total equity	€1.418 billion (2014)
Owner	Deutsche Bank (100%)
Parent	Deutsche Bank
Subsidiaries	Deutsche Bank Mutui (100%) Fiduciaria Sant'Andrea (100%) Finanza & Futuro Banca (100%) Vesta Real Estate (100%) DB Consorzio S.cons.a.r.l. (98%) DB Covered Bond S.r.l. (90%)
Capital ratio	8.53% (CET1)[1]
Website	Official website

History

Advertisement of the Lucca branches of the Bank of America and Italy, 1962

Banca dell'Italia Meridionale^[2] was found in 1917.^[3] It was acquired by Amadeo Giannini, the founder of Bank of Italy (United States) in 1922.^[4] The bank was renamed to Banca d'America e d'Italia (literally the Bank of America and Italy). In December 1986 Deutsche Bank acquired 98.3% voting rights of the bank.^[3]: 71 In 1994 the bank was renamed to Deutsche Bank S.p.A..^[2]

In 1994 the DB Italy also acquired Banca Popolare di Lecco.^[2] In 1999 DB Italy acquired 20% shares of Cassa di Risparmio di Asti which was sold to Banca Popolare di Milano in 2004.^[5] From 2000 to 2003 the bank also had a minority interests in Banca di Cividale.^[6][7]