Cassa di Risparmio di Jesi

CR Jesi
Native name
 Cassa di Risparmio di Jesi S.p.A.
private Società per Azioni
Industry Financial services
Fate acquired by Banca delle Marche
Successor Banca delle Marche
Founded
  • 1844
  • 1992 (S.p.A.)
Defunct 1995
Headquarters Jesi, Italy
Services Retail banking
Owner
  • Fondazione CR Jesi (70%)
  • Cariplo (20%)
  • others (10%)
Parent Fondazione CR Jesi

Cassa di Risparmio di Jesi was an Italian savings bank based in Iesi, in the Province of Ancona, Marche. The bank was found in 1844 in the Papal States. In 1992 the bank was spin-off to form Società per Azioni (a limited company) and a banking foundation. Cassa di Risparmio delle Provincie Lombarde also subscribed the capital increase of the limited company for 66.67 billion lire (30 billion lire as share capital).[1] In 1995 the limited company was acquired by Banca delle Marche in an all-share deal.

As of 31 December 2012, Fondazione Cassa di Risparmio di Jesi still owned about 10% stake in Banca delle Marche. The foundation subscribed all the capital increase of the bank in order to maintain the ownership ratio. However, it also caused the foundation concentrating on invest to the bank mainly.

In 2015 the shareholders and subordinated bond owner of Banca delle Marche were bail-in to the failure of the bank. The net assets of the foundation decreased from €76,388,622 to €10,989,510.[2]

See also

References

  1. ↑ Ministry of the Treasury (17 April 1992). "Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Jesi" (in Italian). Italian Republic Official Gazette. Retrieved 27 June 2016.
  2. ↑ "2015 Bilancio" (PDF) (in Italian). Fondazione Cassa di Risparmio di Jesi. 16 June 2016. Retrieved 26 June 2016.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.