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{{Infobox company
{{Infobox company
| trading_name =CR Veneto
| trade_name =CR Veneto
| logo =
| logo =
| logo_size =
| logo_size =
Line 12: Line 12:
| name = Cassa di Risparmio del Veneto
| name = Cassa di Risparmio del Veneto
| former_name = {{nowrap|Cassa di Risparmio di Padova e Rovigo}}
| former_name = {{nowrap|Cassa di Risparmio di Padova e Rovigo}}
| type =subsidiary
| type = {{bullet list|subsidiary of a listed company|incorporated as a [[Società per azioni|S.p.A.]]}}
| predecessor = {{ubl|Cassa di Risparmio di Padova|Cassa di Risparmio di Rovigo}}
| predecessor = {{ubl|Cassa di Risparmio di Padova|Cassa di Risparmio di Rovigo}}
| successor = {{ubl|[[Fondazione Cariparo]]|(charity and ownership of the bank)}}
| successor = {{ubl|[[Fondazione Cariparo]]|(charity and ownership of the bank)}}
Line 18: Line 18:
| founded = {{ubl|1822 in Padua|1928 (merged with CR Rovigo)|1992 (as a S.p.A.)}}
| founded = {{ubl|1822 in Padua|1928 (merged with CR Rovigo)|1992 (as a S.p.A.)}}
| founder =
| founder =
| dissolved = 2018<ref>{{cite press release|url=https://www.group.intesasanpaolo.com/scriptIsir0/si09/investor_relations/eng_comunicati_detail_ir_price_sensitive.jsp?contentId=CNT-05-00000005040AB&title=no|title=Intesa Sanpaolo: mergers of Group companies |date=24 May 2018|accessdate=15 July 2018|publisher=Intesa Sanpolo}}</ref>
| fate = absorbed by Intesa Sanpaolo
| hq_location =
| hq_location =
| hq_location_city = Padua
| hq_location_city = Padua
| hq_location_country = Italy
| hq_location_country = Italy
| area_served = Venteo region of Italy
| area_served = Venteo region
| key_people = {{aligned table|Gilberto&nbsp;Muraro<ref name=CRVeneto2016bilancio/>{{rp|5}}|(chairman)|Renzo&nbsp;Simonato<ref name=CRVeneto2016bilancio/>{{rp|5}}|(general manager)}}
| key_people = {{aligned table|Gilberto&nbsp;Muraro<ref name=CRVeneto2016bilancio/>{{rp|5}}|(chairman)|Renzo&nbsp;Simonato<ref name=CRVeneto2016bilancio/>{{rp|5}}|(general manager)}}
| num_employees = {{decrease}} 3,354<ref name=CRVeneto2016bilancio/>{{rp|14}}
| num_employees = {{decrease}} 3,354<ref name=CRVeneto2016bilancio/>{{rp|14}}
Line 44: Line 46:
| ratio = {{increase}} 20.66% (CET1)<ref name=CRVeneto2016bilancio/>{{rp|216}}
| ratio = {{increase}} 20.66% (CET1)<ref name=CRVeneto2016bilancio/>{{rp|216}}
| rating = N/A (Moody's){{#tag:ref|The bank became a wholly owned subsidiary of [[Sanpaolo IMI]] since 2004, and did not issue separate financial products, thus no separate rating.<ref>{{cite press release|url=https://www.moodys.com/research/MOODYS-WITHDRAWS-CASSA-DI-RISPARMIO-IN-BOLOGNAS-A3P-1C-RATINGS--PR_86012|title= Rating Action: MOODY'S WITHDRAWS CASSA DI RISPARMIO IN BOLOGNA'S A3/P-1/C+ RATINGS AND CASSA DI RISPARMIO DI PADOVA E ROVIGO'S Aa3/P-1/B- RATINGS |date=26 August 2004|access-date=28 October 2017|publisher=Moody's Investors Service|publication-place=London}}</ref>|group="nb"}}
| rating = N/A (Moody's){{#tag:ref|The bank became a wholly owned subsidiary of [[Sanpaolo IMI]] since 2004, and did not issue separate financial products, thus no separate rating.<ref>{{cite press release|url=https://www.moodys.com/research/MOODYS-WITHDRAWS-CASSA-DI-RISPARMIO-IN-BOLOGNAS-A3P-1C-RATINGS--PR_86012|title= Rating Action: MOODY'S WITHDRAWS CASSA DI RISPARMIO IN BOLOGNA'S A3/P-1/C+ RATINGS AND CASSA DI RISPARMIO DI PADOVA E ROVIGO'S Aa3/P-1/B- RATINGS |date=26 August 2004|access-date=28 October 2017|publisher=Moody's Investors Service|publication-place=London}}</ref>|group="nb"}}
| website = {{url|http://www.crveneto.it}}
| website = {{url|www.crveneto.it}}
⚫
| footnotes = source: 2016 Report for the situation at 31 December 2016<ref name=CRVeneto2016bilancio>{{cite web|url=https://www.intesasanpaolo.com/content/dam/vetrina/documenti/informazioniSocietarie/bilanci/it/06225/2016/bilancio2016/BILANCIO_VENETO_2016_web.pdf|title=2016 Bilancio|trans-title=2016 Annual Report|date=2017|access-date=28 October 2017|publisher=Cassa di Risparmio del Veneto|publication-place=Padua|language=Italian|archive-url=https://web.archive.org/web/20171028201707/https://www.intesasanpaolo.com/content/dam/vetrina/documenti/informazioniSocietarie/bilanci/it/06225/2016/bilancio2016/BILANCIO_VENETO_2016_web.pdf|archive-date=28 October 2017|url-status=dead}}</ref>
| intl = yes
⚫
| footnotes = source: 2016 Report for the situation at 31 December 2016<ref name=CRVeneto2016bilancio>{{cite web|url=https://www.intesasanpaolo.com/content/dam/vetrina/documenti/informazioniSocietarie/bilanci/it/06225/2016/bilancio2016/BILANCIO_VENETO_2016_web.pdf|title=2016 Bilancio|trans-title=2016 Annual Report|date=2017|access-date=28 October 2017|publisher=Cassa di Risparmio del Veneto|publication-place=Padua|language=Italian}}</ref>
}}
}}
'''Cassa di Risparmio del Veneto''', known as '''CR Veneto''', is an Italian saving bank, headquartered in Padua, Veneto ({{lang-it|Padova}}). It is a subsidiary of [[Intesa Sanpaolo]].
'''Cassa di Risparmio del Veneto [[Società per azioni|S.p.A.]]''', known as '''CR Veneto''', was an Italian savings bank, headquartered in Padua, Veneto ({{langx|it|Padova}}). It was a subsidiary of [[Intesa Sanpaolo]].

==History==
==History==
The bank was one of the oldest saving bank of Italy, which in 1822<ref name=history/> the government of [[Kingdom of Lombardy–Venetia]] introduced saving bank to [[Cassa di Risparmio di Venezia|Venice]], Padua, Rovigo and other provincial capitals (such as [[Cassa di Risparmio di Vicenza|Vicenza]] and [[Cassa di Risparmio della Marca Trivigiana|Treviso]]). In 1928 the saving bank of Padua and Rovigo was merged to form '''Cassa di Risparmio di Padova e Rovigo''' (Cariparo),<ref name=history/> due to a law enacted in December 1927 (converted a decree-law published in March 1927 into law).<ref>{{cite news|url=http://augusto.agid.gov.it/gazzette/index/download/id/1927058_P1|title=REGIO DEORETO-LEGGE 10 febbraio 1927, n. 269.|date=11 March 1927|orig-year=written on 10 February 1927|issue=58|pages=1067–1070|volume=68|newspaper=Gazzetta Ufficiale|language=Italian|publication-place=Rome|format=PDF|via=Agenzia per l'Italia Digitale}}</ref><ref>{{cite news|url=http://augusto.agid.gov.it/gazzette/index/download/id/1928015_P1|title=LEGGE 29 dicembre 1927, n. 2587 {{!}} Conversione in legge del R. decreto-legge 10 febbraio 1927, n. 269, recante modificazioni alle norme vigenti sull'ordinamento delle Casse ordinarie di risparmlose del Monti di pietà di 1• categoria|date=19 January 1928|orig-year=written on 29 December 1927|issue=15|pages=263–267|volume=69|newspaper=Gazzetta Ufficiale|language=Italian|publication-place=Rome|format=PDF|via=Agenzia per l'Italia Digitale}}</ref> Before the enactment, Federazione delle Casse di Risparmio di Padova e Rovigo was formed circa March 1927.<ref>{{cite news|url=http://augusto.agid.gov.it/gazzette/index/download/id/1927057_P1|title=REGIO DECRETO 10 febbraio 1927, n. 259 {{!}} Approvazione dello statuto della Federaziope delle Casse di risparmio di Padova e Rovigo.|date=10 March 1927|issue=57|pages=1055|volume=68|newspaper=Gazzetta Ufficiale|language=Italian|publication-place=Rome|format=PDF|via=Agenzia per l'Italia Digitale}}</ref>
The bank was one of the oldest savings bank of Italy, which in 1822<ref name=history/> the government of [[Kingdom of Lombardy–Venetia]] introduced savings bank to [[Cassa di Risparmio di Venezia|Venice]], Padua, Rovigo and other provincial capitals (such as [[Cassa di Risparmio di Vicenza|Vicenza]] and [[Cassa di Risparmio della Marca Trivigiana|Treviso]]). In 1928 the savings banks of Padua and Rovigo was merged to form '''Cassa di Risparmio di Padova e Rovigo''' (Cariparo),<ref name=history/> due to a law enacted in December 1927 (converted a decree-law published in March 1927 into law).<ref>{{cite news|url=http://augusto.agid.gov.it/gazzette/index/download/id/1927058_P1|title=REGIO DEORETO-LEGGE 10 febbraio 1927, n. 269.|date=11 March 1927|orig-year=written on 10 February 1927|issue=58|pages=1067–1070|volume=68|newspaper=Gazzetta Ufficiale|language=Italian|publication-place=Rome|format=PDF|via=Agenzia per l'Italia Digitale}}</ref><ref>{{cite news|url=http://augusto.agid.gov.it/gazzette/index/download/id/1928015_P1|title=LEGGE 29 dicembre 1927, n. 2587 {{!}} Conversione in legge del R. decreto-legge 10 febbraio 1927, n. 269, recante modificazioni alle norme vigenti sull'ordinamento delle Casse ordinarie di risparmlose del Monti di pietà di 1ª categoria|date=19 January 1928|orig-year=written on 29 December 1927|issue=15|pages=263–267|volume=69|newspaper=Gazzetta Ufficiale|language=Italian|publication-place=Rome|format=PDF|via=Agenzia per l'Italia Digitale}}</ref> Before the enactment, Federazione delle Casse di Risparmio di Padova e Rovigo was formed circa March 1927.<ref>{{cite news|url=http://augusto.agid.gov.it/gazzette/index/download/id/1927057_P1|title=REGIO DECRETO 10 febbraio 1927, n. 259 {{!}} Approvazione dello statuto della Federaziope delle Casse di risparmio di Padova e Rovigo.|date=10 March 1927|issue=57|pages=1055|volume=68|newspaper=Gazzetta Ufficiale|language=Italian|publication-place=Rome|format=PDF|via=Agenzia per l'Italia Digitale}}</ref>


In 1992, due to {{ill|Legge Amato|it}}, the bank was split into [[Fondazione Cariparo]] and '''Cassa di Risparmio di Padova e Rovigo [[Società per Azioni|S.p.A.]]'''.<ref>{{cite web|url=http://www.gazzettaufficiale.it/eli/id/1991/12/21/091A5737/sg|title=Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Padova e Rovigo|date=21 December 1991|access-date=18 February 2016|author=Ministry of the Treasury|publisher=Italian Republic Official Gazette|language=Italian}}</ref>
In 1992, due to {{ill|Legge Amato|it}}, the bank was split into [[Fondazione Cariparo]] and '''Cassa di Risparmio di Padova e Rovigo [[Società per Azioni|S.p.A.]]'''.<ref>{{cite web|url=http://www.gazzettaufficiale.it/eli/id/1991/12/21/091A5737/sg|title=Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Padova e Rovigo|date=21 December 1991|access-date=18 February 2016|author=Ministry of the Treasury|publisher=Italian Republic Official Gazette|language=Italian}}</ref>

===Casse Venete Banca===
===Casse Venete Banca===
As opposed to [[Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona|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, [[Cassa di Risparmio di Gorizia|Gorizia]], [[Cassa di Risparmio di Udine e Pordenone|Udine & Pordenone]] and [[Banca Agricola di Cerea]] formed a single holding company '''Casse Venete Banca''', although the subsidiaries still operated as separate entity, in 1994.
As opposed to [[Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona|the Savings Bank of Verona, Vicenza, Belluno and Ancona]] being merged with Treviso to form [[Unicredito]], the owner of the Savings Bank of Padova & Rovigo, Venice, [[Cassa di Risparmio di Gorizia|Gorizia]], [[Cassa di Risparmio di Udine e Pordenone|Udine & Pordenone]] and ''Banca Agricola di Cerea'' formed a single holding company ''Casse Venete Banca'', although the subsidiaries still operated as separate entity, in 1994.


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

===Sanpaolo IMI and Intesa Sanpaolo===
===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.
In 2002, The Savings Bank of Padova & Rovigo followed the parent banking group to merge with [[Sanpaolo IMI]]. ''Banca Agricola di Cerea'' was absorbed into The Savings 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'''.<ref name=history>{{cite web|url=http://www.group.intesasanpaolo.com/scriptIsir0/si09/chi_siamo/eng_cassa_risparmio_veneto.jsp#/chi_siamo/eng_cassa_risparmio_veneto.jsp|title=Cassa di Risparmio del Veneto|date=16 December 2010|access-date=4 February 2016|publisher=Intesa Sanpaolo}}</ref> 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.
On 2 January 2007, The Savings 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'''.<ref name=history>{{cite web|url=http://www.group.intesasanpaolo.com/scriptIsir0/si09/chi_siamo/eng_cassa_risparmio_veneto.jsp#/chi_siamo/eng_cassa_risparmio_veneto.jsp|title=Cassa di Risparmio del Veneto|date=16 December 2010|access-date=4 February 2016|publisher=Intesa Sanpaolo}}</ref> Followed the closure of the Savings Bank of Venice, the Savings 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. However, in February 2018, Intesa Sanpaolo announced the 2018–2021 business plan, which would closed down most of their retail brands including Cassa di Risparmio del Veneto. Cassa di Risparmio del Veneto would cease to exist as a separate legal entity, becoming divisions and branches of the banking group instead.

==Banking foundation==
{{main|Fondazione Cariparo}}


==Footnotes==
==Footnotes==
{{reflist|group=nb}}
{{reflist|group=nb}}

==References==
==References==
{{reflist}}
{{reflist}}


==External links==
{{Banking in Italy}}
* {{official website|www.crveneto.it}}


[[Category:Banks established in 1822]]
[[Category:Banks established in 1822]]
⚫
[[Category:1822 establishments in Italy]]
[[Category:1822 establishments in the Austrian Empire]]
[[Category:1822 establishments in the Austrian Empire]]
[[Category:banks of Italy]]
[[Category:Banks disestablished in 2018]]
[[Category:Italian companies disestablished in 2018]]
⚫
[[Category:Defunct banks of Italy]]
[[Category:Companies based in Padua]]
[[Category:Companies based in Padua]]
[[Category:Rovigo]]
[[Category:Rovigo]]
[[Category:Intesa Sanpaolo subsidiaries]]
[[Category:Former Intesa Sanpaolo subsidiaries]]
[[Category:Cardine Banca]]
[[Category:Cardine Banca]]
[[Category:Italian companies established in 1822]]

{{Italy-bank-stub}}

Latest revision as of 00:02, 2 November 2024

Cassa di Risparmio del Veneto
CR Veneto
FormerlyCassa di Risparmio di Padova e Rovigo
Company typesubsidiary
IndustryFinancial services
Predecessor
  • Cassa di Risparmio di Padova
  • Cassa di Risparmio di Rovigo
Founded
  • 1822 in Padua
  • 1928 (merged with CR Rovigo)
  • 1992 (as a S.p.A.)
Defunct2018[1]
Fateabsorbed by Intesa Sanpaolo
Successor
Headquarters
Padua
,
Italy
Number of locations
Decrease 302 branches[2]: 14  (2016)
Area served
Venteo region
Key people
Gilberto Muraro[2]: 5 (chairman)
Renzo Simonato[2]: 5 (general manager)
Services
  • retail banking
  • corporate banking
Decrease €00021 million[2]: 58  (2016)
Total assetsIncrease €16.694 billion[2]: 56  (2016)
Total equityIncrease €01.311 billion[2]: 60  (2016)
OwnerIntesa Sanpaolo (100%)
Number of employees
Decrease 3,354[2]: 14  (2016)
ParentIntesa Sanpaolo
Capital ratioIncrease 20.66% (CET1)[2]: 216 
RatingN/A (Moody's)[nb 1]
Websitewww.crveneto.it
Footnotes / references
source: 2016 Report for the situation at 31 December 2016[2]

Cassa di Risparmio del Veneto S.p.A., known as CR Veneto, was an Italian savings bank, headquartered in Padua, Veneto (Italian: Padova). It was a subsidiary of Intesa Sanpaolo.

History

[edit]

The bank was one of the oldest savings bank of Italy, which in 1822[4] the government of Kingdom of Lombardy–Venetia introduced savings bank to Venice, Padua, Rovigo and other provincial capitals (such as Vicenza and Treviso). In 1928 the savings banks of Padua and Rovigo was merged to form Cassa di Risparmio di Padova e Rovigo (Cariparo),[4] due to a law enacted in December 1927 (converted a decree-law published in March 1927 into law).[5][6] Before the enactment, Federazione delle Casse di Risparmio di Padova e Rovigo was formed circa March 1927.[7]

In 1992, due to Legge Amato [it], the bank was split into Fondazione Cariparo and Cassa di Risparmio di Padova e Rovigo S.p.A..[8]

Casse Venete Banca

[edit]

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

Cardine Banca

[edit]

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

Sanpaolo IMI and Intesa Sanpaolo

[edit]

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

On 2 January 2007, The Savings 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.[4] Followed the closure of the Savings Bank of Venice, the Savings 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. However, in February 2018, Intesa Sanpaolo announced the 2018–2021 business plan, which would closed down most of their retail brands including Cassa di Risparmio del Veneto. Cassa di Risparmio del Veneto would cease to exist as a separate legal entity, becoming divisions and branches of the banking group instead.

Banking foundation

[edit]
Main article: Fondazione Cariparo

Footnotes

[edit]
  1. ^ The bank became a wholly owned subsidiary of Sanpaolo IMI since 2004, and did not issue separate financial products, thus no separate rating.[3]

References

[edit]
  1. ^ "Intesa Sanpaolo: mergers of Group companies" (Press release). Intesa Sanpolo. 24 May 2018. Retrieved 15 July 2018.
  2. ^ a b c d e f g h i "2016 Bilancio" [2016 Annual Report] (PDF) (in Italian). Padua: Cassa di Risparmio del Veneto. 2017. Archived from the original (PDF) on 28 October 2017. Retrieved 28 October 2017.
  3. ^ "Rating Action: MOODY'S WITHDRAWS CASSA DI RISPARMIO IN BOLOGNA'S A3/P-1/C+ RATINGS AND CASSA DI RISPARMIO DI PADOVA E ROVIGO'S Aa3/P-1/B- RATINGS" (Press release). London: Moody's Investors Service. 26 August 2004. Retrieved 28 October 2017.
  4. ^ a b c "Cassa di Risparmio del Veneto". Intesa Sanpaolo. 16 December 2010. Retrieved 4 February 2016.
  5. ^ "REGIO DEORETO-LEGGE 10 febbraio 1927, n. 269" (PDF). Gazzetta Ufficiale (in Italian). Vol. 68, no. 58. Rome. 11 March 1927 [written on 10 February 1927]. pp. 1067–1070 – via Agenzia per l'Italia Digitale.
  6. ^ "LEGGE 29 dicembre 1927, n. 2587 | Conversione in legge del R. decreto-legge 10 febbraio 1927, n. 269, recante modificazioni alle norme vigenti sull'ordinamento delle Casse ordinarie di risparmlose del Monti di pietà di 1ª categoria" (PDF). Gazzetta Ufficiale (in Italian). Vol. 69, no. 15. Rome. 19 January 1928 [written on 29 December 1927]. pp. 263–267 – via Agenzia per l'Italia Digitale.
  7. ^ "REGIO DECRETO 10 febbraio 1927, n. 259 | Approvazione dello statuto della Federaziope delle Casse di risparmio di Padova e Rovigo" (PDF). Gazzetta Ufficiale (in Italian). Vol. 68, no. 57. Rome. 10 March 1927. p. 1055 – via Agenzia per l'Italia Digitale.
  8. ^ 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.
[edit]
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