Cassa di Risparmio di Civitavecchia

Cassa di Risparmio di Civitavecchia (Cariciv) was an Italian retail bank based in Civitavecchia, in the Metropolitan City of Rome Capital. In 2015, along with two other Lazio-based subsidiaries: Rieti and Viterbo, were absorbed by parent company Intesa Sanpaolo. Fondazione Cassa di Risparmio di Civitavecchia found in 1992 by separating the charity function from the bank, was still operates as in 2016.

Cariciv
Native name
Cassa di Risparmio di Civitavecchia
Typesubsidiary of a listed company
IndustryFinancial services
Founded
  • 1847
  • 1992 (S.p.A. and foundation)
Defunct2015
Fateabsorbed into parent company
Successor
Headquarters
Civitavecchia
,
Italy
ServicesRetail banking
Total equity€76,183,889 (2014)
Owner
ParentIntesa Sanpaolo
Footnotes / references
2014 data

HistoryEdit

The history of banking activities in Civitavecchia, could be traced back to the local mount of piety. In 1847 the saving bank (Italian: Cassa di Risparmio) was found by the instruction of Pope Pius IX, the head of states of the Papal States which Civitavecchia belongs at that time. Father Felice Guglielmi was the first president of the bank, with local chamber of commerce and commune government were the main funders.[1]

In 1992, due to Legge Amato, the organization was split into Cassa di Risparmio di Civitavecchia S.p.A. (limited company) and Ente Cassa di Risparmio di Civitavecchia (later renamed from ente to foundation, Italian: fondazione).[2]

Banca di Roma also purchased 28.57% shares of the bank at that time.[1] The bank was later acquired by Banca CR Firenze (Florence Saving Bank). In 2000 Florence Saving Bank purchased an additional 11% shares (increased from 40%) for 30.7 billion lire (about €16 million).[3] The foundation retained 49% shares until 2014. The bank followed Florence Saving Bank to become part of Intesa Sanpaolo in 2008. In December 2014 Intesa Sanpaolo purchased the remain 49% shares for €52 million, as the first step of simplify group structure.[4] In the other hand, the Ministry of Economy and Finance had also introduced reform to banking foundations, forcing them to diversify investments (no single investment (in fair value) accounted for 33% of the total assets). The stake in the bank accounted for 46.66% of the total assets of the foundation, as at 31 December 2013, based on the historical price Banca CR Firenze paid on 15 June 2000.[5][6]

In 2015, Cariciv, Rieti and Viterbo, were absorbed by parent company Intesa Sanpaolo.

In the last annual report of the bank, Cariciv had a shareholders equity of €76,183,889 as on 31 December 2014.[7]

ReferencesEdit

  1. ^ a b "LA STORIA" [The story] (in Italian). Fondazione Cassa di Risparmio di Civitavecchia. Retrieved 18 February 2016.
  2. ^ Ministry of the Treasury (4 March 1992). "Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Civitavecchia" (in Italian). Italian Republic Official Gazette. Retrieved 18 February 2016.
  3. ^ "2000 Bilancio Individuale Relazione sulla gestione" (PDF) (in Italian). Banca CR Firenze. 13 June 2001. Archived from the original (PDF) on 2 March 2016. Retrieved 18 February 2016.
  4. ^ "Relazione sulla gestione di 2014 bilancio" [Management report of 2014 financial statements] (PDF) (in Italian). Fondazione Cassa di Risparmio di Civitavecchia (Fondazione Cariciv). 26 October 2015. Retrieved 16 February 2016.
  5. ^ "Relazione sulla gestione di 2013 bilancio" [Management report of 2013 financial statements] (PDF) (in Italian). Fondazione Cariciv. 2014. Retrieved 19 April 2016.
  6. ^ "STATO PATRIMONIALE AL 31 DICEMBRE 2013" (PDF) (in Italian). Fondazione Cariciv. 2014. Retrieved 19 April 2016.
  7. ^ "2014 Bilancio" (PDF) (in Italian). Cassa di Risparmio di Civitavecchia. 2 March 2015. Retrieved 16 February 2016.

External linksEdit