Wikipedia

Banca Carim

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

Banca Carim
Native name
Banca Carim – Cassa di Risparmio di Rimini S.p.A.
Company typeSubsidiary (legally incorporated as società per azioni)
IndustryFinancial services
Founded
  • 1840
  • 1992 (as S.p.A.)
Defunct2018
Fateabsorbed into the parent company
Headquarters
Rimini
,
Italy
Number of locations
68 (2016)
Area served
  • Emilia-Romagna
  • Marche
  • Umbria
  • Lazio
ServicesRetail banking
Decrease (€0073 million) (2016)
Total assetsDecrease €3,137 million (2016)
Total equityDecrease €0161 million (2016)
OwnerCrédit Agricole Italia
Capital ratioDecrease 6.91% (CET1, Dec.2016)
Websitewww.bancacarim.it
Footnotes / references
source[1]

History

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The bank was found in 1840 as Cassa di Risparmio di Rimini (Carim in short). Due to Legge Amato [it], 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 the Supervisory Review and Evaluation Process of the Bank of Italy, the capital ratios requirement on Carim was 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 the former management team of the bank for faults during 2007 to 2010.[6]

In 2017 it was announced that Crédit Agricole Italia has been 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, which was responsible to recapitalize and clean up the non-performing loans before handover.[7]

Shareholders

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As of 31 December 2016, the banking foundation Fondazione Cassa di Risparmio di Rimini still owned 56% shares as the largest shareholder. Other notable shareholders were 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]

In 2018, it was announced that the bank would be absorbed into Crédit Agricole Italia, ending its history as a separate entity.[11][12]

See also

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References

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  1. ^ "2016 Bilancio" (PDF) (in Italian). Banca Carim. 21 July 2017. Retrieved 25 July 2017.[permanent dead link‍]
  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. Archived from the original on 2016-08-19. Retrieved 22 June 2016.
  4. ^ Page 48, 2015 Bilancio
  5. ^ "2015 Bilancio" (PDF) (in Italian). Banca Carim. 10 June 2016. p. 237. Archived from the original (PDF) on 19 August 2016. Retrieved 22 June 2016.
  6. ^ "Assemblea Ordinaria dei Soci di banca Carim S.p.A." (in Italian). Banca Carim. 14 September 2016. Archived from the original on 23 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.[permanent dead link‍]
  10. ^ "Prospetto di Offerta" (PDF) (in Italian). Banca Carim. 2012. Archived from the original (PDF) on 27 March 2016. Retrieved 14 November 2017.
  11. ^ "Carisp Cesena entra in Cariparma: approvato il progetto di fusione". Cesena Today (in Italian). 8 February 2018. Retrieved 14 January 2019.
  12. ^ "Addio Carim, l'8 settembre l'incorporazione in Credit Agricole". News Rimini (in Italian). 27 June 2018. Retrieved 14 January 2019.
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