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Banking Foundation
Banking foundation is a type of foundation that originated as a bank. The banking reforms split the banks (usually local and community owned savings banks, as a statutory corporation) into limited company and holding company (or banking foundation). Austria * ERSTE Foundation Germany * - parent of Hamburger Sparkasse Italy * Fondazione di Sardegna * Members of Associazione di Fondazioni e di Casse di Risparmio S.p.A. * Fondazione Pisa * Fondazione Roma * Fondazione Sicilcassa (defunct) * Fondazione Banca Monte Lugo (merged with other foundations) * Fondazione Cassa di Risparmio di Lugo (merged with other foundations) * Fondazione Compagnia di San Paolo Norway * Sparebankstiftelsen DnB San Marino * Fondazione San Marino Spain * La Caixa La Caixa, also known as the "La Caixa" Foundation ( es, Fundación ”la Caixa”), is a not-for-profit banking foundation based in Catalonia. Originally a savings bank (''caja''), it reorganized in the 2000s and 2010s: Its commercial a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statutory Corporation
A statutory corporation is a government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, thus, they are statutes owned by a government or controlled by national or sub-national government to the (in some cases minimal) extent provided for in the creating legislation. Bodies described in the English language as "statutory corporations" exist in the following countries in accordance with the associated descriptions (where provided). Australia In Australia, statutory corporations are a type of statutory authority created by Acts of state or federal parliaments. A statutory corporation is defined in the government glossary as a "statutory body that is a body corporate, including an entity created under section 87 of the PGPA Act" (i.e. a statutory authority may also be a statutory corporation). An earlier definition describes a statutory corporation as "a statutory authority that is a body corporate", and the New South Wales Governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ERSTE Foundation
ERSTE Foundation (in German DIE ERSTE österreichische Spar-Casse Privatstiftung or in short: ERSTE Stiftung) is the biggest Austrian savings bank foundation. In 2003, it evolved from the Erste Oesterreichische Spar-Casse, the first Austrian savings bank founded in 1819. It is the main shareholder of Erste Group. As a private austrian savings banks foundation, the foundation invests parts of its dividends to support the development of societies in Central and South Eastern Europe. Mission ERSTE Foundation is active in Central and South Eastern Europe. Its mission goes back to the savings banks idea of the 19th century. It supports social participation and civil society engagement; it aims to bring people together and disseminate knowledge of the recent history of a region that has been undergoing dramatic changes since 1989. Projects (examples) * Zweite Sparkasse (Second Savings Bank) – was ERSTE Foundation’s first project aimed at promoting social and financial inclusion. It ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fondazione Pisa
The Fondazione Pisa (formerly Fondazione Cassa di Risparmio di Pisa) is a charity organization that was spun off from Cassa di Risparmio di Pisa (the Saving Bank of Pisa) in 1992. From 1992 to 1999 the foundation was the major shareholder of the bank, but was gradually sold to Banca Popolare di Lodi (and its successor Banco Popolare). History In 1992 Cassa di Risparmio di Pisa was transformed from a statutory corporation to a Società per Azioni (S.p.A.), which the original statuary corporation was renamed into Ente Cassa di Risparmio di Pisa (Fondazione Pisa, Pisa Foundation), which acted as the major shareholder of the S.p.A. for 86.95% shares at the date of incorporation. The foundation immediately formed a larger banking group with other saving banks: Casse Toscane, which the new holding company hold 70% shares of CR Pisa S.p.A., with Pisa Foundation only retained 16.68% shares of the bank directly. In 1996 the banking foundation of Cassa di Risparmio di Lucca, Pisa and Livorn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fondazione Roma
Fondazione Roma formerly Fondazione Cassa di Risparmio di Roma is a charity organization based in Rome, Italy. The organization was re-founded as a banking foundation in 1991, by spin-off its banking activities (Cassa di Risparmio di Roma) to merge with other Roman banks to form Banca di Roma S.p.A. (the predecessor of Capitalia). The foundation remained as a shareholder of UniCredit, the banking group that acquired Capitalia in mid-2007. As at 31 December 2006, the foundation was the second largest shareholder of Capitalia for 5.02% stake. At 31 December 2007 the foundation owned 1.13% stake of UniCredit. It was diluted to 0.956% in 2009, 0.484% in 2013. (increased back to 0.478% in 2014 due to decrease in total share capital of the bank) As at 31 December 2015, the foundation had a shareholders' equity of €1.522 billion. History Cassa di Risparmio di Roma Cassa di Risparmio di Roma was an Italian saving bank founded in 1836 by the decree of Pope Gregory XVI. In 1937 the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fondazione San Marino
Cassa di Risparmio della Repubblica di San Marino is a financial institution based in San Marino. It consists of 16 branches and operates as both a retail and commercial bank for San Marino citizens and as an offshore private bank for non-resident clients. It also owns Kovanica d.d., a bank based in Varaždin, Croatia, which became a subsidiary of the bank as of January 24, 2007. History Founded in 1882, it is San Marino's oldest financial institution. With a 2007 net income of €7.2 million, it is San Marino's largest bank. On July 29, 2008, the bank filed a lawsuit in London's High Court against Barclays, seeking damages totaling €170m for the sale of customised securities that carried a higher risk than the bank claimed to have understood. The bank's suit also stated Barclays sold it investments that it ultimately didn't need. In 2009 the bank management was arrested by the Italian police under allegations of money laundering and of unauthorized exercise of banking activ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
