 The bank was renamed to Banca del Mezzogiorno – MedioCredito Centrale circa 2012, which Mezzogiorno was another name for the southern Italy.The original Mediocredito del Sud was absorbed by Mediocredito Lombardo in 1999.Banca del Mezzogiorno became the only government owned bank in the sector of financing small and medium-sized firms in Italy, with the rest were privatized.