Banco Mediolanum, the Spanish subsidiary of Mediolanum Banking Group, has followed the path traced out by Sabadell by announcing it is moving its headquarters out of Catalonia.
The shareholders board of Banco Mediolanum agreed on 6 October that the entity would relocate its headquarters in Valencia, currently based in Barcelona.
The bank said the transfer to Valencia would not involve any movement neither its employees nor its offices and that it had made the decision in order to protect the interests of its customers.
The entity echoed: “We want to maintain normality and ensure the entity remains operating under the regulatory supervision of the ECB. This operative decision was taken following strictly economic and commercial criteria.”
Vittorio Colussi, CEO of Banco Mediolanum, said: “The move of registered office will not change the service and the attention we provide to our clients, including residents in Catalonia.
Both today and in the future we will make all necessary decisions in order to provide a high level of attention.”