Cariparma

Cariparma
Native name	Cassa di Risparmio di Parma e Piacenza S.p.A.
Type	Subsidiary and limited company (Società per azioni)
Industry	Financial services
Headquarters	Parma, Italy
Key people	Ariberto Fassati (chairperson)
Services	Retail and corporate banking
Profit	€220.636 million (2015)
Total assets	€51.373 billion (2015)
Total equity	€4.924 billion (2015)
Owner	Crédit Agricole S.A. (75%) Fondazione Cariparma (15%) Sacam International (10%)^[1]
Parent	Crédit Agricole S.A.
Subsidiaries	Carispezia (80.00%) FriulAdria (80.17%) Crédit Agricole Leasing Italia (85.00%)
Capital ratio	11.4% (CET1)
Website	http://www.cariparma.it/ http://www.gruppocariparma.it/
Footnotes / references in consolidated basis^[2]

Cassa di Risparmio di Parma e Piacenza S.p.A. known as Cariparma in short, is an Italian bank group, itself a subsidiary of French banking group Crédit Agricole, thus the banking group also refer as Cariparma Crédit Agricole Group. Cariparma Group along was ranked as the 10th largest bank in Italy as of 2013.^[3] The group serving Emilia-Romagna, Liguria and Friuli-Venezia Giulia, where the predecessor originated, as well as Campania, Lazio, Lombardy, Piedmont, Tuscany, Umbria and Veneto, or half of Italian regions.

Despite not a Cariparma subsidiary but sister company within Crédit Agricole Group, Crédit Agricole Vita places its product through Cariparma banking network.

History

Cassa di Risparmio di Parma was formed in 1860.^[4] It merged with other regional bank in the two decades, eventually 10th largest bank in Italy in 2013. In 1960 the bank merged with Monte di Credito su Pegno di Busseto (Mount of Piety of Busseto).

In 1991, due to the reform of Italian banking system, two entity was formed, namely Fondazione Cassa di Risparmio di Parma e Monte di Credito su Pegno di Busseto (Fondazione Cariparma) and Cassa di Risparmio di Parma SpA, which the former served as a non-profit parent entity.^[5]^[6] In 1992 it acquired Banca Emiliana.^[7] In 1993, the bank merged with Cassa di Risparmio di Piacenza e Vigevano,^[7] which Fondazione Cariparma held 52% shares of the new company Cassa di Risparmio di Parma e Piacenza S.p.A. only.^[7]

C.R. Piacenza e Vigevano itself was a merger of Cassa di Risparmio di Piacenza found 1860 and Cassa di Risparmio di Vigevano, found 1857.^[8]

In 1994 Cariparma acquired Credito Commerciale of Lombardy region from Monte dei Paschi di Siena. At that time Cariparma had a market share in deposit of 55.8% in the Province of Parma, 5.94% in the Province of Pavia, 1.40% in the Province of Mantua and Cremona, and 0.21% in the Province of Milan (including Monza), while Credito Commerciale had a market share of 0.13% in Parma, 4.77% in Pavia, 5.80% in Mantua, 16.94% in Cremona and 1.60% in Milan.^[9] In 2008, Cariparma still maintained a market share of 14% in the Province of Cremona.^[10]

Banca Intesa era

From 1998 to 2000 Banca Intesa gradually acquires the shares of Cariparma by exchanging the shares of Banca Intesa to Cariparma .^[11] The old "CR Parma & Piacenza" shareholder were Fondazione Cariparma, Fondazione di Piacenza e Vigevano (the parent entity of C.R. di Piacenza e Vigevano)^[12] and Società Bresciana di Partecipazioni Bancarie (a subsidiary of Banca Lombarda). In 1999, Banca Intesa reached 76.58% ownership^[13] and finally 100% in 2000. At the same time Banca Intesa also sold its minority share holding on Banca Monte Parma in August 1999 to Banca Monte dei Paschi di Siena, as well as"CR Parma & Piacenza" sold its holding in Cassa di Risparmio di Reggio Emilia for another merger.

In 1999, Mediocredito Padano was absorbed into Cariparma .^[14]

The era ended by the merger of Banca Intesa with Sanpaolo IMI, which trigger the sales of "CR Parma & Piacenza" to Crédit Agricole in 2007. In 2011 Intesa Sanpaolo increased the investment to the area by re-acquired Banca Monte Parma, the competitor of "CR Parma & Piacenza".

Crédit Agricole era

In 2006 Banca Intesa had a proposed merge with Sanpaolo IMI (eventually the formation of Intesa Sanpaolo). Despite Banca Intesa was formed from many merger by share exchange, French banking company Crédit Agricole was the major shareholder of Banca Intesa for 17.18%, followed by Fondazione Cariplo (9.22%), Generali Group (7.54%) and Fondazione Cariparma (4.30%).^[15] Right after the merger Crédit Agricole held 9.12% shares of the new entity on 2 January 2007, but on 22 January sold 3.6% of the shares for €2.506 billion.^[16] After the sales Crédit Agricole was the third largest shareholder.^[15]

On 1 March 2007, Crédit Agricole through Crédit Agricole S.A. (for 75%) and Sacam International (for 10%), partnered with Fondazione Cariparma (for 15%), acquired all shares of Cariparma for €3.8 billion.^[17] At the same time, Crédit Agricole also acquired Banca Popolare FriulAdria for €836.5 million from Intesa Sanpaolo, with 23.95% shares remain held by other shareholders, as well as 202 former Banca Intesa branches for €1.3 billion.^[17] After the sales, Cariparma immediately acquired Banca Popolare FriulAdria as its subsidiaries, as well as 173 of 202 of the aforementioned branches, and the remaining 29 branches were transferred to Banca Popolare FriulAdria.^[17] Also due to the transfer of 29 branches, Cariparma owned 78.68% of the shares of FriulAdria, with the rest remained in the others.^[16] At that time Cariparma owned 50% shares of Po Vita,^[16] which was renamed to Crédit Agricole Vita^[18] after Crédit Agricole Assurances acquired another 50% in 2008 from Fondiaria-Sai.^[19]

Despite acted as the second largest shareholder by 5.8% voting rights on 31 December 2009, Crédit Agricole listed Intesa Sanpaolo as disposable asset, at the same time, the two bank group agreed to transfer some branches to Crédit Agricole, which under the ownership of Cariparma in 2010 or 2011. In 2011 the transaction was completed, which Cariparma acquired Carispezia, as well as 96 branches directly from Intesa Sanpaolo (11 from Banca CR Firenze to Cariparma directly; 70 of remaining 85 branches to Cariparma directly and 15 to FriulAdria), for €740 million.^[20] At the same time in the first half of 2010, Crédit Agricole reduced the share holding on Intesa Sanpaolo to 4.79% of the total share capital (4.99% voting rights).^[21] Crédit Agricole finally sold all the shares on Intesa Sanpaolo in 2012, which Cariparma became the major arm of the group participation in Italy.

In April 2012 Crédit Agricole Assurances S.A. wholly owned CA Vita, bought all shares previously held by Cariparma .

Subsidiaries

Carispezia

Cassa di Risparmio della Spezia S.p.A. (Carispezia) was acquired in 2010 from Intesa Sanpaolo. In 2010 the bank group had 76 branches in Liguria, Tuscany and Emilia-Romagna. Fondazione Carispezia was the minority shareholder.

FriulAdria

Banca Popolare FriulAdria S.p.A. (FriulAdria) was acquired from Intesa Sanpaolo in 2007.

Crédit Agricole Leasing Italia

Crédit Agricole Leasing Italia S.r.l. (CALIT) was formed in 2008, which served as the lease finance arm of Crédit Agricole Group in Italy. Crédit Agricole acquired a subsidiary of Leasint, from Intesa Sanpaolo as the predecessor of CALIT.^[18] In September 2009 Crédit Agricole sold 85% shares of CALIT to Cariparma, with 15% retained by the parent company. Leasint itself was a product of merger.^[22]

References

↑ Crédit Agricole A.S. 2013 annual report
↑ "2015 progetto bilancio" [2015 Draft Annual Report] (PDF) (in Italian). Cariparma. 7 April 2016. Retrieved 16 April 2016.
↑ "LE PRINCIPALI BANCHE ITALIANE" (PDF) (in Italian). Ricerche e Studi. 10 November 2015. Retrieved 21 February 2016.
↑ http://www.cariparma.it/pages/cariparma-una-storia-lunga-150-anni
↑ Ministry of the Treasury (15 January 1992). "Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Parma" (in Italian). Italian Republic Official Gazette. Retrieved 16 April 2016.
↑ "Chi siamo" (in Italian). Fondazione Cariparma. 23 December 2015. Retrieved 16 April 2016.
1 2 3 "RELAZIONE SULLA GESTIONE: bilancio 2000" (in Italian). Fondazione Cariparma. 11 April 2013. Retrieved 28 March 2015.
↑ "Profilo" [Profile] (in Italian). Fondazione di Piacenza e Vigevano. Retrieved 16 April 2016.
↑ "Provvedimento N°1826 (C1325): Cariparma / Credito Commerciale" (PDF) (in Italian). Autorità Garante della Concorrenza e del Mercato (AGCM). 2 March 1994. Retrieved 13 April 2016.
↑ "Cariparma da oggi Banca Ufficiale di CremonaFiere" (in Italian). Cariparma. 26 May 2008. Retrieved 13 April 2016.
↑ Banca Intesa Half-Year Report 2000
↑ page 36, Fondazione Piacenza e Vigevano Annual Report 2000
↑ 1999 Banca Intesa Annual report attachment
↑ Banca Intesa 1999 Annual report
1 2 2007 Intesa Sanpaolo annual report
1 2 3 Crédit Agricole S.A. 2007 annual report
1 2 3 Crédit Agricole S.A. 2006 annual report
1 2 Crédit Agricole 2008 Annual report
↑ Fondiaria-Sai 2008 Annual Report
↑ Crédit Agricole 2011 Annual report
↑ Crédit Agricole 2010 Annual report
↑ http://www.gazzettaufficiale.it/eli/id/2008/01/24/T-08AAB132/p2

External links

Cariparma Official website (Italian)
Cariparma Crédit Agricole Group Official website (Italian)

Banking in Italy

Central bank	Banca d'Italia European Central Bank

Public banks	Cassa Depositi e Prestiti CDP Reti Poste italiane BancoPosta Banca del Mezzogiorno – MedioCredito Centrale Istituto per il Credito Sportivo Banca Mediocredito del Friuli Venezia Giulia Investitionsbank Trentino Südtirol – Mediocredito Trentino Alto Adige Finaosta Fincalabra Finlombarda Finmolise Finpiemonte Fidi Toscana FIRA Gepafin IRFIS – FinSicilia Sviluppo Basilicata SFIRS Veneto Sviluppo Italian National Resolution Fund Nuova Banca delle Marche Cassa di Risparmio di Loreto Nuova Banca Etruria Nuova CariChieti Nuova Carife

Global banks (Supervised by ECB)	UniCredit FinecoBank Intesa Sanpaolo Banca IMI Mediocredito Italiano Banca CR Firenze Banca dell'Adriatico Banco di Napoli CariFVG Carisbo Caript Cariromagna CR Veneto Casse dell'Umbria

Nationwide and multi-regional banks (Supervised by ECB)	Banca Monte dei Paschi di Siena MPS Capital Services Banco Popolare UBI Banca Banco di Brescia Banca Carime Banca Popolare di Ancona Banca Popolare di Bergamo Banca Popolare Commercio e Industria Banca Regionale Europea Banca di Valle Camonica IWBank Mediobanca Compass Banca Esperia Banca Popolare dell'Emilia Romagna Banco di Sardegna Banca di Sassari Cassa di Risparmio di Bra Cassa di Risparmio di Saluzzo Banca Popolare di Milano Banca Popolare di Mantova Banca Popolare di Vicenza Banca Nuova FarBanca Banca Carige Banca del Monte di Lucca Veneto Banca Banca Apulia Banca Intermobiliare Credito Emiliano Banca Popolare di Sondrio

Multi-regional (total assets €30b to €8b)	Credito Valtellinese Cassa di Risparmio di Fano Credito Siciliano Banca Generali Banca Mediolanum Banca Popolare di Bari Cassa di Risparmio di Orvieto Banca Sella Holding Banca Sella Banca Patrimoni Sella Banco di Desio e della Brianza Banca Popolare di Spoleto Unipol Banca Banca di Asti Biverbanca Südtiroler Volksbank – Banca Popolare dell'Alto Adige Südtiroler Sparkasse – Cassa di Risparmio di Bolzano

Multi-regional and regional cooperative bank (Popolari banks)	Banca Agricola Popolare di Ragusa Banca Valsabbina Banca Popolare di Puglia e Basilicata Banca Popolare di Cividale Cassa di Sovvenzioni e Risparmio fra il Personale della Banca d'Italia Banca Popolare Pugliese Banca di Piacenza Banca di Credito Popolare Banca Popolare del Lazio Banca Popolare del Cassinate Banca Popolare Valconca Banca Popolare Etica Banca Popolare Sant'Angelo Sanfelice 1893 Banca Popolare Banca Popolare di Lajatico Banca Popolare di Fondi Banca Popolare del Frusinate

Co-operative banks (BCC) and central banks	Federcasse central banks Istituto Centrale delle Casse Rurali ed Artigiane Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige Cassa Centrale Banca - Credito Cooperativo del Nord Est member banks BCC Roma Banca d'Alba Banca del Territorio Lombardo Credito Cooperativo Ravennate e Imolese Banca di Cambiano Emilbanca BCC di Brescia BCC di Carate Brianza BCC Banca Centropadana ChiantiBanca Cassa Padana Cassa Rurale ed Artigiana di Cantù Cassa Rurale Treviglio Banca Alpi Marittime Credito Cooperativo Carrù BCC Prealpi BCC Carugate e Inzago Banca della Marca Banca di Pisa e Fornacette Banca San Giorgio Quinto Valle Agno BCC del Garda Cassa Rurale ed Artigiana di Brendola Banco Emiliano Cassa Rurale di Trento Banca Malatestiana Banca di Bologna Cassa Rurale Alto Garda Banca Sviluppo Banca del Centroveneto Crediveneto Cassa Rurale di Rovereto Banca di Cherasco Romagna Est Banca Banca di Caraglio Banca di Forlì BCC G. Toniolo di San Cataldo BCC di Monastier e del Sile BCC Pordenonese BancAdria BCC Agrobresciano Banca Versilia Lunigiana e Garfagnana Banca Santo Stefano BCC Barlassina BCC Binasco Cassa Rurale Giudicarie Valsabbia Paganella BCC Castagneto Carducci CrediFriuli Mantovabanca 1896 Banca CRAS BCC Busto Garolfo e Buguggiate Banca del Veneziano Banca Cremonese Rovigo Banca BCC Banca Annia BCC di Fano BCC Piove di Sacco BCC di Calcio e di Covo BCC di Sant'Elena BCC Vignole e Montagna Pistoiese Cassa Rurale Lavis Valle di Cembra Banca della Bergamasca Banca di Rimini Cassa Rurale di Pergine BCC di Conversano Banca San Biagio del Veneto Orientale Bene Banca BCC Sesto San Giovanni CRA BCC di Battipaglia e Montecorvino Rovella Cassa Rurale di Aldeno e Cadine Credito Valdinievole Banca Valdichiana BCC di Caravaggio BCC Gradara BCC di Manzano BCC di Anagni BCC Filottrano BCC Valdostana BCC di San Marzano di San Giuseppe Banca Picena Truentina BCC Friulovest Banca BCC Palestrina BCC di Casalgrasso e Sant'Albano Stura BCC Mediocrati BCC Staranzano e Villesse BCC dell'Alta Brianza - Alzate Brianza CentroMarcaBanca BCC di Castiglione Messer Raimondo e Pianella Banca di Viterbo BCC Pratola Peligna Banca di Pistoia Fondo di Garanzia dei Depositanti del Credito Cooperativo

Regional retail bank	Cassa di Risparmio di Ravenna Banco di Lucca e del Tirreno Banca di Imola Cassa di Risparmio di Cesena Banca Carim Cassa di Risparmio di San Miniato Cassa di Risparmio di Cento Cassa di Risparmio di Volterra Banca Passadore Hypo Alpe-Adria-Bank Banca Sistema Cassa di Risparmio di Fossano Banca Profilo Banca del Fucino Cassa di Risparmio di Fermo Banca del Piemonte Banca CR Savigliano Banco Azzoaglio

others	Istituto Centrale delle Banche Popolari Italiane Banca IFIS Banca Finnat Banca Ubae Banca Leonardo Banca Farmafactoring Unione Fiduciaria Credito Fondiario

Foreign banks	Allianz Allianz S.p.A. Barclays Banco Santander Bank of China BNP Paribas Banca Nazionale del Lavoro Crédit Agricole Cariparma FriulAdria Carispezia FCA Bank Credit Suisse Deutsche Bank Deutsche Bank S.p.A. Dexia Crediop Fortress doBank Italfondiario GE Capital Interbanca HSBC ING Bank Société Générale

Ancient banks	Bank of Saint George Banco di Santo Spirito Istituto Bancario San Paolo di Torino Medici Bank Mount of piety Foggia Parma Reggio Emilia

Related topics	List of banks in Italy Associazione Bancaria Italiana Associazione di Fondazioni e di Casse di Risparmio S.p.A. Associazione Nazionale fra le Banche Popolari Fondo Interbancario di Tutela dei Depositi Atlante (private equity fund)

Crédit Agricole Group

Shareholder

SAS Rue la Boétie

Board of directors

Jean-Marie Sander (Chairman of Crédit Agricole S.A.)
Jean-Paul Chifflet (Chief Executive Officer of Crédit Agricole S.A.)

Division and subsidiaries

French Retail Banking	38 regional banks LCL BforBank

Specialised financial services	Crédit Agricole Consumer Finance Crédit Agricole Leasing & Factoring EFL

Corporate and Investment Banking	Crédit Agricole Corporate and Investment Bank BSF CLSA BV

Savings management	Amundi Group Crédit Agricole Private Banking Indosuez Private Banking Crédit foncier de Monaco Crédit Agricole Suisse Crédit Agricole Luxembourg CACEIS

Insurances	Crédit Agricole Assurances Predica Pacifica Crédit Agricole Vita

International retail banking	Cariparma FriulAdria Carispezia Banco Espírito Santo Crédit Agricole Egypt Crédit Agricole banka Srbija Novi Sad Crédit Agricole Polska Crédit Agricole Bank Crédit du Maroc

Corporate Centre	Crédit Agricole Capital Investissement & Finance SILCA Crédit Agricole immobilier Uni-éditions Crédit Agricole Cards & Payments Foncaris Delfinances Eurofactor

Former subsidiaries	Crédit Agricole Cheuvreux Emporiki Crédit Agricole Private Equity

This article is issued from Wikipedia - version of the Saturday, April 23, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.