Sella Holding Banca is the new Parent company of Gruppo Banca

PRESS RELEASE
Sella Holding Banca is the new Parent
company of Gruppo Banca Sella
This operation completes the structural evolution as provided for by the strategic plan
started in January 2004
BIELLA, 14 July 2006 – As from today the merger by incorporation of Finanziaria Bansel
(former Parent company) into Sella Holding Banca is active. Sella Holding Banca therefore
becomes the new Parent company of Gruppo Banca Sella.
“This operation completes the structural evolution of Gruppo Banca Sella as provided for by
the strategic plan 2004/2006 – says Pietro Sella, managing director of Sella Holding Banca
– The plan was started at the beginning of 2004 and involved 18 operations, which allowed
Gruppo Banca Sella to have a corporate structure and architecture suitable to face the
challenges of the market and to direct its attention to the excellence of its services towards
customers”.
Following this operation, the management and coordination activities, proper of the Parent
company, will be concentrated at Sella Holding Banca, in addition to those activities proper
of the banking business, such as Payments Systems, Finance, Custodian Bank and
outsourcing of services to all Group companies and third parties.
The architecture of the Group will become simpler (the number of controlled companies
from 2004 to today has been reduced from 43 to 32), better organized and more efficient (in
the last three years the ratio of costs on net interest and other banking income was reduced
by about 5 points) and it will allow for a strengthening of governance and of the system of
controls, to support homogeneity of growth, following an organizational model suitable to a
multifunctional Group, characterized by specialized companies and by a network of banks
with a strong local franchise and closeness to customers.
At the end of the operation Sella Holding Banca, which has a rating attributed by Moody’s
equal to A3 (long term), P-1 (short term) and C (financial strength), will have: 1.045
employees, capital and reserves of € 380 million, 318.850 credit and debit cards, 66.115
POS and 295 ATMs.
UFFICIO STAMPA GRUPPO BANCA SELLA – Laura Bullio – tel. 015/3501030 – 335/1302751