Cassa Depositi e Prestiti
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| Società per Azioni | |
| Industry | Banking |
| Founded | 1850 in Turin |
| Founder | Italian government |
| Headquarters | Rome, Italy, European Union |
Area served | Italy |
Number of employees | 520 |
| Website |
www |
Cassa Depositi e Prestiti (CDP SpA) was an Italian bank founded in 1850 in Turin; after the unification of Italy, in 1863 it was restructured and the headquarters moved to Rome; it was constituted in its current form as a joint-stock company on 12 December 2003. 80.1% of the share capital is owned by the Italian Ministry of Economy and Finance, the 18.4% is held by various bank foundations, while the remaining 1.5% in treasury shares.[1]
The activities of the company are divided into two distinct branches of business. The first, called "separate management", manages the financing of investment and other public bodies, such as regions, other local bodies and structures relating to the State, using postal savings deposits as the main source of funds. [2]
The second, called "ordinary management", deals with the financing of works, plants, networks and equipment intended for the supply of public services and redevelopment.
Unlike postal savings, bonds issued by the Cassa are not guaranteed by the state.[3] It has €17.5 bln assets.[4]
The activity of the company is subject to monitoring by a Parliamentary committee.
Recent news
The bank announced it would be prepared to buy out Italian broadband firm Metroweb if Telecom Italia and Vodafone failed to agree their terms on the ownership structure of the deal to acquire Metroweb.
References
- ↑ "History of CDP". CDP. Retrieved 16 January 2014.
- ↑ "Cassa Depositi e Prestiti". Treccani Encyclopedia. Retrieved 26 August 2012.
- ↑ "Company Overview of Cassa depositi e Prestiti S.p.A.". Business Week. Retrieved 26 August 2012.
- ↑ http://www.cassaddpp.it/static/upload/rel/relazione-finanziaria-semestrale-consolidata-2013--italiano.pdf
External links
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