Cassa di Risparmio di Fano

Carifano
Native name
 Cassa di Risparmio di Fano S.p.A.
Founded 14 January 1843 (1843-01-14) in Fano
1 July 1992 (1992-07-01) (S.p.A. and Fondazione)
18 April 2011 (2011-04-18) (Nuova Carifano)
Headquarters Fano, Italy
Decrease (€81,770,336) (2014)
Total assets Increase €2,081,298,421 (2014)
Total equity Decrease €114,628,482 (2014)
Owner Credito Valtellinese (100%)
Parent Credito Valtellinese
Capital ratio 9.79% (Tier 1)[1]

Cassa di Risparmio di Fano S.p.A. (Carifano) is an Italian retail bank based in Fano, Marche. The bank had 40 branches all in Marche and Umbria.

History

Found 14 January 1843 in Fano, the Papal States. Due to Legge Amato, on 1 July 1992, an S.p.A. (private limited company) and a bank foundation (Fondazione Cassa di Risparmio di Fano) were found. in late 1990s, Banca Popolare di Ancona (BPA) acquired 60% shares of the company, with the foundation retained 39.4% shares. In 1998 BP Ancona owned 66% shares, Banca Popolare di Bergamo owned 0.25%, with the foundation disinvested to 33%.[2] In 2002 the remain 33% was sold by the foundation for €75 million[3] to BPA.

On 27 July 2005 BPA sold 99.92% shares of Carifano to Banca Intesa (through sub-holding Casse del Centro for buying 30%) and FCM S.p.A. (a special purpose entity for buying 69.92%) for €280 million.[4]

On 3 December 2008 Credito Valtellinese acquired 81.63% shares of Carifano from Intesa Sanpaolo (30%) and from FCM S.p.A. (51.63%) for €382.941 million.[5] It also trigger a public offer to buy the remain 13.37% shares, as FCM S.p.A. chose to retained 5%. In 2009 Credito Valtellinese owned 94.85% shares. In 2011 increased to 99.73%. On 1 January 2012 the privatization was completed. A new company, Nuova Carifano S.p.A. was also incorporated on 18 April 2011.

References

  1. ↑ "2014 Relazioni e bilancio" (PDF) (in Italian). Cassa di Risparmio di Fano. 2 April 2015. Retrieved 14 February 2016.
  2. ↑ Trivieri, Francesco (2005). Proprietà e controllo delle banche italiane (in Italian). Rubbettino Editore.
  3. ↑ "Bilancio 2002" (PDF) (in Italian). Fondazione Cassa di Risparmio di Fano. 5 May 2003. Retrieved 14 February 2016.
  4. ↑ "Bilancio consolidato 2005" (in Italian). Banche Popolari Italiane. 22 April 2006. Retrieved 14 February 2016.
  5. ↑ "Relazioni e bilancio 2008" (PDF) (in Italian). Credito Valtellinese. 4 June 2009. Retrieved 14 February 2016.

See also

External links

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