Istituto per lo Sviluppo Economico dell'Italia Meridionale S.p.A., known as ISVEIMER, is a former Italian bank based in Naples, Campania.
[1] The bank was established in 1938 and since 1953 as one of the 19 Mediocredito of Italy and one of the three Istituti per il Finanziamento a Medio Terminealle Medie e Piccole Industrie nell'Italia Meridionale e Insulare (Istituti Meridionale) which was funded by Cassa per il Mezzogiorno.
[2] The bank provided medium term loan to small and medium industries from Southern Italy, except in the two islands (covered by Credito Industriale Sardo and IRFIS respectively).
Due to Legge Amato, the bank became a limited company (Italian: Società per Azioni) in 1993.
[5] After the start of liquidation, Banco di Napoli owned a controlling stake in ISVEIMER (65.22% in 2001), as well as an additional 0.17% stake owned by Banca dell'Adriatico, a bank joined Sanpaolo IMI Group in 2002.