Cassa di Risparmio del Veneto

CR Veneto

Native name	Cassa di Risparmio del Veneto
Formerly	Cassa di Risparmio di Padova e Rovigo
Founded	1822
Headquarters	Padua , Italy
Net income	(€32,399,072) (2014)
Total assets	€15,509,897,870 (2014)
Total equity	€1,308,159,593 (2014)
Owner	Intesa Sanpaolo (100%)
Parent	Intesa Sanpaolo
Capital ratio	17.22% (Tier 1)

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)

As oppose to the Saving Bank of Verona, Vicenza, Belluno and Ancona being merged with Treviso to form Unicredito, The Saving Bank of Padova & Rovigo merged with the Saving Bank of Venice, Gorizia, Udine & Pordenone and Banca Agricola di Cerea to form a single holding company Casse Venete Banca, despite the subsidiaries still operated as separate entity, in 1994. In 2000, Carive followed the parent company to merge with Casse Emiliano Romagnole Group to form Cardine Banca Group. 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 in 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. 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.