Cassa di Risparmio del Veneto

CR Veneto
Native name
Cassa di Risparmio del Veneto
Formerly called
Cassa di Risparmio di Padova e Rovigo
Società per Azioni
Industry Financial services
Founded 1822
Headquarters Padua, Italy
Profit Decrease (€32,399,072) (2014)
Total assets Decrease €15,509,897,870 (2014)
Total equity Decrease €1,308,159,593 (2014)
Owner Intesa Sanpaolo (100%)
Parent Intesa Sanpaolo
Capital ratio 17.22% (Tier 1)[1]
Website crveneto.it

Cassa di Risparmio del Veneto, known as CR Veneto, is an Italian regional bank, based in Padua, Veneto. It is a subsidiary of Intesa Sanpaolo.

History

The bank was one of the oldest saving bank of Italy, which in 1822 the government of Kingdom of Lombardy–Venetia introduced saving bank to Venice, Padua, Rovigo and other provincial capitals (such as Vicenza and Treviso). In 1928 the saving bank of Padua and Rovigo merged. Cassa di Risparmio di Padova e Rovigo (Cariparo).

In 1992, due to Legge Amato, the bank was split into Fondazione Cariparo and Cassa di Risparmio di Padova e Rovigo S.p.A..[2]

Casse Venete Banca

As oppose to the Saving Bank of Verona, Vicenza, Belluno and Ancona being merged with Treviso to form Unicredito, The owner of the Saving Bank of Padova & Rovigo, Venice, Gorizia, Udine & Pordenone and Banca Agricola di Cerea formed a single holding company Casse Venete Banca, despite the subsidiaries still operated as separate entity, in 1994.

Cardine Banca

In 2000, Carive followed the parent company to merge with Casse Emiliano Romagnole Group to form Cardine Banca Group.

Sanpaolo IMI and Intesa Sanpaolo

In 2002, The Saving Bank of Padova & Rovigo followed the group to merge with Sanpaolo IMI. Banca Agricola di Cerea was absorbed into The Saving Bank of Padova & Rovigo on 1 June 2003.

On 2 January 2007, The Saving Bank of Padova & Rovigo became part of Intesa Sanpaolo Group after another merger. On 25 September 2008 the bank renamed to Cassa di Risparmio del Veneto.[3] Followed the closure of the Saving Bank of Venice, the Saving Bank of Veneto was the only oldest surviving Cassa di Risparmio of Italy, which other banks had either dropped Cassa di Risparmio in their name or ceased to be exist due to merger.

References

  1. "Bilancio 2014" (PDF) (in Italian). Cassa di Risparmio del Veneto. 28 April 2015. Retrieved 10 February 2016.
  2. Ministry of the Treasury (21 December 1991). "Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Padova e Rovigo" (in Italian). Italian Republic Official Gazette. Retrieved 18 February 2016.
  3. "Cassa di Risparmio del Veneto". Intesa Sanpaolo. 16 December 2010. Retrieved 4 February 2016.
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