|Cassa di Risparmio di Parma e Piacenza S.p.A.|
|Subsidiary and limited company (Società per azioni)|
|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)|
|Parent||Crédit Agricole S.A.|
|Capital ratio||11.4% (CET1)|
Footnotes / references|
in consolidated basis
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. 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.
Cassa di Risparmio di Parma was formed in 1860. 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. In 1992 it acquired Banca Emiliana. In 1993, the bank merged with Cassa di Risparmio di Piacenza e Vigevano, which Fondazione Cariparma held 52% shares of the new company Cassa di Risparmio di Parma e Piacenza S.p.A. only.
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. In 2008, Cariparma still maintained a market share of 14% in the Province of Cremona.
Banca Intesa era
From 1998 to 2000 Banca Intesa gradually acquires the shares of Cariparma by exchanging the shares of Banca Intesa to Cariparma . The old "CR Parma & Piacenza" shareholder were Fondazione Cariparma, Fondazione di Piacenza e Vigevano (the parent entity of C.R. di Piacenza e Vigevano) and Società Bresciana di Partecipazioni Bancarie (a subsidiary of Banca Lombarda). In 1999, Banca Intesa reached 76.58% ownership 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.
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%). 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. After the sales Crédit Agricole was the third largest shareholder.
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. 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. 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. Also due to the transfer of 29 branches, Cariparma owned 78.68% of the shares of FriulAdria, with the rest remained in the others. At that time Cariparma owned 50% shares of Po Vita, which was renamed to Crédit Agricole Vita after Crédit Agricole Assurances acquired another 50% in 2008 from Fondiaria-Sai.
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. 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). 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 .
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.
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. 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.
- Cassa di Risparmio in Bologna (Carisbo), a short lived sister company (January to February 2007) based in Bologna, Emilia-Romagna
- Banca Monte Parma, a defunct subsidiary of Intesa Sanpaolo
- 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.
- 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.
- "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
- 2007 Intesa Sanpaolo annual report
- Crédit Agricole S.A. 2007 annual report
- Crédit Agricole S.A. 2006 annual report
- Crédit Agricole 2008 Annual report
- Fondiaria-Sai 2008 Annual Report
- Crédit Agricole 2011 Annual report
- Crédit Agricole 2010 Annual report