Banca Unione di Credito

Banca Unione di Credito is a full service bank based in Lugano, Switzerland, that specialises in private banking.

History

*1919 - Credito Italiano established Banca Unione di Credito in Switzerland.
*1947 - The Fiat Group acquired the entire share capital to make BUC its house bank.
*1984 - BUC established a subsidiary in Zurich.
*1990 - BUC established a representative office in Argentina.
*1991 - BUC established a subsidiary in Geneva.
*1993 - BUC acquired Overland Bank, also based in Lugano, and doubled in size.
*1994 - BUC established a subsidiary, Banca Unione di Credito (Cayman), Grand Cayman.
*1995 - BUC held about 8% of a stockbroker and fund management bank (SIM) in Turin, Banca Patrimoni e Investimenti, which is the result of the merger of Gestnord Intermediazione SIM and Sella Investimenti Banca.
*2002 - BUC acquired a 26% stake in Lombard Bank Malta plc, Valletta, the third largest bank in Malta, to become Lombard’s largest shareholder.
*2006 - Banca della Svizzera Italiana (BSI) acquired Banca Unione di Credito. BSI is also based in Lugano and is a subsidiary of the Italian insurer Assicurazioni Generali. Fiat sold BUC both to raise capital and to focus on its core automotive business.

Links

BSI home page: http://www.bsibank.com/