MarketIstituto per il Credito Sportivo e Culturale
Company Profile

Istituto per il Credito Sportivo e Culturale

Istituto per il Credito Sportivo is an Italian public bank which was under special administration by Banca d'Italia since 2011.

Services
The bank was specialized in sports venue, for example a €60 million loan to Juventus FC S.p.A. for its Juventus Stadium project; The institution also formed a preliminary agreement with Cagliari of €17.5 million for the proposed new stadium in Elmas, as well as negotiated with Bologna for the re-built of Stadio Renato Dall'Ara. The institution loaned €20 million to Calcio Catania for its Torre del Grifo Village project in Mascalucia, as well as factoring the sponsorship income with F.C. Internazionale Milano for €24.8 million, and A.C. Milan for €17.5 million (2011–14). ==Shareholders==
Shareholders
Despite a statutory corporation, Intesa Sanpaolo (previously Sanpaolo IMI and Banco di Napoli) and UniCredit (previously Capitalia and Banco di Sicilia) held 10.81% each in the institution until 2011, under a basis of €9,554,452 capital. However a change in the articles of association had made the private sector ownership ratio fell from 73% to approximately 11%, under a basis of €835,528,692 capital. According to 2014 Articles of association, 45% profit would distributed as dividends and 50% went to increase in shareholders equity and a 5% either contributed to a special fund inside the institute dedicated to social and cultural activity. The change in status had affected the ownership ratio thus affected the ratio of distributed the dividends. ==Financial data==
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