Neos Finance started as Finemiro Banca from a predecessor company in 1997; it became part Cardine Banca group in 2000 and part of Sanpaolo IMI in 2002; and by the end of 2004, Sanpaolo held a minority share.
At the year of 2004, Sanpaolo IMI held 96.84% shares, Cassa di Risparmio della Repubblica di San Marino held 2.65% and Unibanca held 0.51%. 
