Nuova Cassa di Risparmio di Chieti

Nuova CariChieti
Native name
Nuova Cassa di Risparmio di Chieti S.p.A.
Società per Azioni
Industry Financial services
  • Cassa di Risparmio Marrucina
  • Cassa di Risparmio di Guardiagrele
  • Cassa di Risparmio della Provincia di Chieti
Successor CariChieti Foundation (charity only)
  • 1862 (C.R. Marrucina)
  • 1938 (merger of C.R. Marrucina and Guardiagrele)
  • 1992 (S.p.A. and Foundation spin-off)
  • 2015 (refound)
Headquarters 24 via Colonnetta, Chieti, Italy
Number of locations
65 (2015)
Area served
  • Abruzzo Region
  • Rome, Lazio
  • Perugia, Umbria
  • San Benedetto del Tronto, Marche
  • Milan, Lombardy
Key people
Services Retail and corporate banking
(€21,117,582) (December 2015)
Total assets €3,084,456,367 (2015)
Total equity Decrease €117,035,138 (2015)
Owner Italian National Resolution Fund (100%)
Number of employees
582 (2015)
Parent Italian National Resolution Fund
Capital ratio
  • 9.53% (CET1)
  • 9.53% (Tier 1)
  • 9.53% (Total Capital Ratio)
Website (in Italian)
Footnotes / references

Nuova Cassa di Risparmio di Chieti S.p.A. is an Italian saving bank based in Chieti, Abruzzo. The bank was formed on 22 November 2015 to replace the old Cassa di Risparmio della Provincia di Chieti S.p.A. which was under administration from 2014 to 2015.


Cassa di Risparmio della Provincia di Chieti was found in 1938 by the merger of Cassa di Risparmio Marrucina (found 1862) and Cassa di Risparmio di Guardiagrele.[2]

In 1992, Due to Legge Amato, the statutory corporation was split into a limited company Cassa di Risparmio della Provincia di Chieti S.p.A. (in short Carichieti S.p.A.), and a banking foundation Fondazione Cassa di Risparmio della Provincia di Chieti. The foundation was the owner of Carichieti for 80%, with Cariplo owned 20%.[3] Cariplo also owned 20% of Caripe and Tercas of Abruzzo.

Intesa Sanpaolo, as the successor of Cariplo, still owned a minority interests in the bank until 2014 bankruptcy.


the company was under special administration (A.S.) in 2014. The last annual report of the bank, shown the bank had a shareholders' equity of €200,318,879 and a Tier 1 capital ratio of 8.80% as at 31 December 2013.[4] The administrator from Banca d'Italia had made asset quality review, forcing the bank to make more provision to their non-performing assets.

In 2015 Fondo Interbancario di Tutela dei Depositi had planned to bail-out CariChieti and 3 other banks that were also under A.S.,[5] but they were bail-out by Italian National Resolution Fund instead, for a recapitalisation of €2 billion (€141 million for CariChieti). European Commission ruled that the bail out of Banca Tercas by FITD in 2014 was a state aid, while new Bank Recovery and Resolution Directive of EU required to bail-in some investors of the bank before any state intervention.

The Italian National Resolution Fund had also injected a combined €1.7 billion to Banca Marche, Banca Etruria, Carife, and CariChieti to cover the losses.[6] After forming the good bank and the bank bank, the old bank would be liquidated, which the shareholders and subordinated bond holders would receive nothing die to bail-in. After the bail-in, the banking foundation had a net assets of just €11,193,309 (decreased from €89,239,514) at 31 December 2015, due to the total write-off of the value of the old bank.[7]

On 3 May 2016, Decree-Law N°59/2016 was announced, which the retail investors of the bond of the 4 banks would be refunded (up to €100,000, same as deposit insurance) if they purchased the bond on or before 12 June 2014, the date of Bank Recovery and Resolution Directive was passed in the European Parliament.[8] The decree-law was a response to criticism of the bail-in of all junior investor of the bank, which Italian bank often sold risky bond of themselves to their depositors. The refund scheme: Fondo di solidarietà, would be managed by FITD.[9]

Nuova Carichieti

On 22 November 2015 the bank split into a "good" and "bad bank",[10] the foundation lost the control on the company, which had no assets but share capital and subordinated debt. The new bank had a share capital of €141 million and a Tier 1 capital ratio of 9%.[11][12] While the bad debts was transferred to a single "bad bank" REV - Gestione Crediti, which was shared with Carife, Banca Etruria and Banca Marche. The transfer was completed in January 2016.[13] The rescue of the four banks was in line with EU Bank Recovery and Resolution Directive, which Banca d'Italia was the national resolution authority of the Single Resolution Mechanism.[14]


  1. "2015 Bilancio" (in Italian). Nuova Cassa di Risparmio di Chieti. 16 September 2016. Retrieved 23 September 2016.
  2. "Cenni storici" (in Italian). Fondazione Cassa di Risparmio della Provincia di Chieti. Retrieved 13 February 2016.
  3. "Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio della provincia di Chieti" (in Italian). Italian Republic Official Gazette. 7 July 1992. Retrieved 8 March 2016.
  4. "2013 bilancio" (in Italian). Cassa di Risparmio della Provincia di Chieti. 24 June 2014. Retrieved 8 March 2016.
  5. "Fitd, 2 mld per salvataggi banche" [FITD, 2 billion to rescue banks] (in Italian). ANSA. 27 October 2015. Retrieved 9 April 2016.
  6. "Information on resolution of Banca Marche, Banca Popolare dell'Etruria e del Lazio, Carichieti, and Cassa di Risparmio di Ferrara crises". Banca d'Italia. 22 November 2015. Retrieved 8 March 2016.
  7. "2015 Bilancio d'esercizio" (in Italian). Fondazione Cassa di Risparmio della Provincia di Chieti. 5 May 2016. Retrieved 26 June 2016.
  8. "DECRETO-LEGGE 3 maggio 2016, n. 59" (in Italian). Italian Republic Official Gazette. 3 May 2016. Retrieved 21 July 2016.
  9. "Accesso al Fondo di Solidarietà" (in Italian). FITD. Retrieved 21 July 2016.
  10. "Soluzione della crisi di quattro banche in amministrazione straordinaria" (in Italian). Banca d'Italia. 22 November 2015. Retrieved 13 February 2016.
  11. "Chi siamo" (in Italian). Nuova Cassa di Risparmio di Chieti (Nuova Carichieti). Retrieved 6 March 2016.
  12. "Statuto sociale" [Articles of association] (in Italian). Nuova Carichieti. 14 January 2016. Retrieved 6 March 2016.
  13. "Nuova Cassa di Risparmio di Chieti S.p.A.. Cessione dei crediti in sofferenza a REV - Gestione Crediti S.p.A., ai sensi del D.Lgs. 180/2015." (PDF) (in Italian). Banca d'Italia. 29 January 2016. Retrieved 8 March 2016.
  14. "State aid: Commission approves resolution plans for four small Italian banks Banca Marche, Banca Etruria, Carife and Carichieti". European Commission. 22 November 2015. Retrieved 9 March 2016.

See also

External links

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