Banca Carim

Banca Carim
Native name
 Banca Carim – Cassa di Risparmio di Rimini S.p.A.
Subsidiary (legally incorporated as Società per Azioni)
Industry Financial services
Founded
  • 1840
  • 1992 (as S.p.A.)
Headquarters Rimini, Italy
Number of locations
 68 (2016)
Area served
  • Emilia-Romagna
  • Marche
  • Umbria
  • Lazio
Key people
Sido Bonfatti(chairman)
Matteo Guaitoli(vice-chairman)
Giampaolo Scardone(general manager)
Services Retail banking
Decrease (€0073 million) (2016)
Total assets Decrease €3.137 billion (2016)
Total equity Decrease €0161 million (2016)
Owner Crédit Agricole Italia
Capital ratio Decrease 6.91% (CET1, Dec.2016)
Website bancacarim.it
Footnotes / references
source[1]

Banca Carim – Cassa di Risparmio di Rimini S.p.A. is an Italian saving bank based in Rimini, Emilia-Romagna. The bank mainly active in the area around Rimini.

History

The bank was found in 1840 as Cassa di Risparmio di Rimini (Carim in short). Due to Legge Amato, the bank was split into a Società per Azioni (company limited by shares) and a banking foundation (Fondazione Cassa di Risparmio di Rimini).[2] In 2013 the bank absorbed Banca Etica Adriatica, a bank specialise in ethical banking. The bank had a market share of 22.01% in deposits in the Province of Rimini .

In 2016, the plan to recapitalize €100 million was announced.[3] As a consequence of Supervisory Review and Evaluation Process of the Bank of Italy, the capital ratios requirement on Carim were increased to 7.80% (CET1), 9.30% (Tier 1) and 11.30% (Total) respectively, making the bank had to recapitalise.[4] The bank Tier 1 Capital Ratio and Total Capital Ratio stood at 8.53% and 10.86% at 31 December 2015.[5]

On 13 September 2016 the ordinary shareholders' meeting of the bank approved the proposal of suing former management team of the bank for faults during 2007 to 2010.[6]

In 2017 it was announced that Crédit Agricole Italia has interested to acquire the bank, which a process of due diligence was started in the same year. A contract was signed on 29 September, with Fondo Interbancario di Tutela dei Depositi voluntary scheme was responsible to recapitalize and clean up the non-performing loans before handover.[7]

Shareholders

As of 31 December 2016, The banking foundation Fondazione Cassa di Risparmio di Rimini still owned 56% shares as the largest shareholder. Other notable shareholder was Fondazione Cassa di Risparmio di Fano which owned 0.18% shares,[8] as well as fellow banks Nuova Cassa di Risparmio di Ferrara (0.37968%)[9] and Cassa di Risparmio di Cento.[10]

See also

References

  1. ↑ "2016 Bilancio" (PDF) (in Italian). Banca Carim. 21 July 2017. Retrieved 25 July 2017.
  2. ↑ "Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Rimini" (in Italian). Italian Republic Official Journal. 23 July 1992. Retrieved 23 September 2016.
  3. ↑ "Assemblea Ordinaria e Straordinaria dei Soci del 29 marzo 2016" (in Italian). Banca Carim. 29 March 2016. Retrieved 22 June 2016.
  4. ↑ Page 48, 2015 Bilancio
  5. ↑ "2015 Bilancio" (PDF) (in Italian). Banca Carim. 10 June 2016. p. 237. Retrieved 22 June 2016.
  6. ↑ "Assemblea Ordinaria dei Soci di banca Carim S.p.A." (in Italian). Banca Carim. 14 September 2016. Retrieved 23 September 2016.
  7. ↑ "Crédit Agricole Cariparma annuncia di aver sottoscritto il contratto per l'acquisto di una quota di maggioranza in Cassa di Risparmio di Cesena, Cassa di Risparmio di Rimini e Cassa di Risparmio di San Miniato" (Press release) (in Italian). Crédit Agricole Cariparma. 29 September 2017. Retrieved 20 October 2017.
  8. ↑ "2015 Bilancio" (PDF) (in Italian). Fondazione Cassa di Risparmio di Fano. 27 April 2016. p. 16. Retrieved 29 September 2016.
  9. ↑ "2016 Bilancio consolidato" (in Italian). Nuova Carife. 19 May 2017. Retrieved 15 June 2017.
  10. ↑ "Prospetto di Offerta" (PDF) (in Italian). Banca Carim. 2012. Retrieved 14 November 2017.


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