Banca Carime

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Banca Carime
Industry Financial services
Predecessor
Founded
  • 1861 (Carical)
  • 1949 (Caripuglia)
  • 1956 (Carisal)
  • 1998 (Banca Carime)
Headquarters
  • [snc] Viale Crati, Cosenza, Italy (legal)
  • 18 Viale Francesco De Blasio, Bari, Italy (main back office)
Number of locations
 Steady 216 (2015)
Products Retail banking
Profit Increase (€20,849,283) (2015)
Total assets Decrease €7,154,337,171 (2015)
Total equity Decrease €1,054,675,528 (2015)
Owner
Number of employees
 Decrease 1808 (2015 average)
Parent UBI Banca
Capital ratio 41.24% (CET1)
Website Official website
Footnotes / references
source[1]

Banca Carime S.p.A. is an Italian bank based in Cosenza, Calabria. The bank is a subsidiary of UBI Banca. As of 31 December 2015, the bank had 216 branches (all located in Southern Italy), serving Calabria (84 branches), Apulia (93 branches), Campania (where Salerno located; 20 branches) and Basilicata (19 branches).

In 1999 the bank had 341 branches: 146 in Calabria, 45 in Basilicata, 122 in Apulia, 27 in Campania and 1 in Molise.

History

The bank was formed by the union of the saving banks (Italian: Cassa di Risparmio ) of Calabria–Basilicata (Carical, found 1861[2]), Apulia (Caripuglia, found 1949),[3] and Salerno (Carisal, found 1956) by Cariplo. In 1996, Cariplo held 80% shares of Carisal and 63.71% shares of Caripuglia directly, as well as around 60% shares of Carical through direct ownership and through Fincarime, Caripuglia and Carisal.[4] In 1997, Fincarime was renamed to Banca Carime S.p.A. with Cariplo SpA owned 98.70% shares directly and indirectly, as well as Cariplo reached 100% ownership for Carisal, 96.05% for Caripuglia and Carical 99.88%. The three local banks were started to merged into one subsidiary Banca Carime on 1 January 1998.

Right after Cariplo merged with Banco Ambrosiano Veneto to form Banca Intesa on 2 January 1998, Caripuglia ceased to be existed that year,[5] followed by Carisal and Carical in 1999.

However, on 29 June 2001, Banca Intesa sold 75% stake of Banca Carime to Banca Popolare Commercio e Industria for €1.191 billion,[6] with Intesa retained 24.92% only. In 2002 Intesa sold the minority interests to Deutsche Bank, with a warrants issued by the German bank to BPCI to buy Carime at the same price, which the contract would last until 2006.[7] On 1 July 2003 Carime followed BPCI to become a member of Banche Popolari Unite (BPU). BPU also excised the warrants in 2005.[8]

On 1 April 2007 Carime became a member of UBI Banca due to another merger. At the same year Carime also sold 15 branches to Banca Popolare Pugliese, effective on 1 May.[9]

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 1996 Consolidated Accounts of Cariplo S.p.A. (in Italian), PDF purchased from Italian CCIAA
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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