Cassa di Risparmio delle Provincie Lombarde

Cassa di Risparmio delle Provincie Lombarde known as Cariplo SpA, was an Italian bank. On 2 January 1998 the bank merged with Banco Ambrosiano Veneto to form Banca Intesa. The company became a short-lived sub-holding company in late 1990s, which was completely absorbed circa 2000.

Cariplo
Native name
Cassa di Risparmio delle Provincie Lombarde S.p.A.
Typeprivate società per Azioni
IndustryFinancial services
Headquarters
Milan
,
Italy
SubsidiariesMediocredito Lombardo

History

The bank was formed on 12 June 1823 by the count Giovanni Pietro Porro, in Kingdom of Lombardy–Venetia, decades before the unification of Italy. Situated in industrialized Northern Italy, the Lombard firm had become one of the major bank in Italy. In 1926 the bank absorbed Cassa di Risparmio di Voghera[1] and Cassa di Risparmio di Novara in 1928.[2]

In December 1991, due to Legge Amato, the bank, as società per azioni, and Fondazione Cariplo were formed to separate ownership, charity and daily banking operation.

The bank also started its own expansion strategy 1990s, which acquired shares of the saving banks of Alessandria, Carrara and Spezia to form Carinord Holding SpA in 1995, (Ca.Ri."Nord", a joint venture of the owners of Alessandria, Carrara and Spezia and Cariplo)[3] as well as Calabria e Lucania (Carical), Puglia (Caripuglia),[4] Salernitana (Carisal) (the formation of Banca Carime). In Marche, Fermo (33.3%), Ascoli (25%), Banca delle Marche (5.13%) were acquired. In Umbria, Spoleto, Città di Castello, Foligno (18.34%); in Lazio the province of Viterbo and Rieti; in Abruzzo Cassa di Risparmio della Provincia di Chieti, Cassa di Risparmio della Provincia di Teramo and Cassa di Risparmio di Pescara e Loreto Aprutino (20% each).

Other banks acquired were Banca Monte Parma (20.5%), German bank Bankhaus Löbbecke and Hungarian bank Európai Kereskedelmi Bank.

In 1997 Fondazione Cariplo and Cariverona agreed a deal on Banco Ambrosiano Veneto's shares,[5] which led to the ultimate merger on 2 January 1998. On 30 September 1997 Fondazione Cariplo held 13.42% shares of Banco Ambrosiano Veneto and 100% shares of Cariplo SpA.[6]

See also

References
  1. http://www.intesasanpaolo.mappastorica.com/profili/228.html%5B%5D
  2. http://www.intesasanpaolo.mappastorica.com/profili/233.html%5B%5D
  3. "Storia della Fondazione" (in Italian). Archived from the original on 25 March 2015. Retrieved 22 March 2015.
  4. Saldutti, Nicola (4 March 1994). "CARIPLO conquista CARIPUGLIA". Corriere della Sera (in Italian). Retrieved 24 March 2015.
  5. "Fondazione Cariplo in Ambroveneto". Corriere della Sera (in Italian). 26 June 1997. Retrieved 24 March 2015.
  6. http://www.fondazionecariplo.it/static/upload/bil/bilancio-1998-eserc-1996-97.pdf


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.