Cardine Banca S.p.A. was an Italian banking group that operated between 2000 and 2002. It was acquired by Sanpaolo IMI an banking and insurance conglomerate.
Native name | Cardine Banca S.p.A. |
|---|---|
| Company type | private Società per Azioni |
| Industry | Financial services |
| Predecessor | |
| Founded | 2000 |
| Defunct | 2002 |
| Fate | Acquired by Sanpaolo IMI |
| Headquarters | Palazzo di Residenza, 22 via Farini, Bologna , Italy |
 €185.473 million (2001) | |
| Total assets |  €43.062 billion (2001) |
| Total equity | €3.502 billion (2001) |
| Footnotes / references in consolidated basis[1] | |
History
editThe bank was founded in 2000 by the merger of Casse Emiliano Romagnole and Casse Venete Banca. On 1 June 2002 the group was acquired by Sanpaolo IMI in an all shares deal.[2]
In 2000 Banca Agricola di Gorizia was sold to Banca Popolare di Cividale.[3]
In 2002, the European Investment Bank advanced a €200.37 million loan to the banking group, as part of a subsidized loan to small and medium-sized enterprises and small and medium-sized infrastructure projects.[4]
Subsidiaries
edit- product company
- Cardine Leasing
- Finemiro Leasing
- Cardine Fiduciaria
- retail banks
- Banca Agricola di Cerea
- Banca Popolare dell'Adriatico
- Cassa di Risparmio di Gorizia
- Cassa di Risparmio di Padova e Rovigo (Cariparo)
- Cassa di Risparmio di Udine e Pordenone (CRUP)
- Cassa di Risparmio di Venezia
- Cassa di Risparmio in Bologna (Carisbo)
- Finemiro Banca
- FarBanca
- West Bank S.A.
References
edit- ^ Cardine Banca S.p.A. bilancio (financial report and accounts) on 31 December 2001, PDF purchased from Italian C.C.I.A.A. (in Italian)
- ^ "2002 Annual Report" (PDF). Sanpaolo IMI. 19 June 2003. Retrieved 21 April 2016.
- ^ "Offerta pubblica di acquisto e di scambio su azioni ordinarie della Banca Agricola di Gorizia" (PDF). Banca Popolare di Cividale (in Italian). CONSOB archive. 2000. Archived from the original (PDF) on 3 April 2015.
- ^ "EIB: eur 237 mln to Cardine Banca for Italy's SMEs and small and medium-sized infrastructure projects". European Investment Bank. 28 May 2002. Retrieved 21 April 2016.
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