Banca Carime S.p.A. was an Italian bank based in Cosenza, Calabria. The bank was a subsidiary of

UBI Banca Unione di Banche Italiane S.p.A., commonly known for its trading name UBI Banca, was an Italian banking group, the fifth largest in Italy by number of branches. It was formed on 1 April 2007 from the merger of the Banche Popolari Unite (trading ...

. As of 31 December 2015, the bank had 216 branches (all located in Southern Italy), serving Calabria (84 branches), Apulia (93 branches),

Campania (man), it, Campana (woman) , population_note = , population_blank1_title = , population_blank1 = , demographics_type1 = , demographics1_footnotes = , demographics1_title1 = , demographics1_info1 = , demog ...

(where Salerno located; 20 branches) and Basilicata (19 branches). In 1999 the bank had 341 branches: 146 in Calabria, 45 in Basilicata, 122 in Apulia, 27 in Campania and 1 in Molise.

History

The bank was formed by the union of the saving banks ( it, Cassa di Risparmio) of Calabria–Basilicata (Carical, found 1861), Apulia (Caripuglia, found 1949), and Salerno (Carisal, found 1956) by

Cariplo Cassa di Risparmio delle Provincie Lombarde known as Cariplo SpA, was an Italian bank. On 2 January 1998 the bank merged with Banco Ambrosiano Veneto to form Banca Intesa. The company became a short-lived sub-holding company in late 1990s, which w ...

. In 1996, Cariplo held 80% shares of Carisal and 63.71% shares of Caripuglia directly, as well as around 60% shares of Carical through direct ownership and through Fincarime, Caripuglia and Carisal. In 1997, Fincarime was renamed to Banca Carime S.p.A. with Cariplo SpA owned 98.70% shares directly and indirectly, as well as Cariplo reached 100% ownership for Carisal, 96.05% for Caripuglia and Carical 99.88%. The three local banks were started to merged into one subsidiary Banca Carime on 1 January 1998. Right after Cariplo merged with

Banco Ambrosiano Veneto Banco Ambrosiano Veneto, also known as Banco Ambroveneto for short, was an Italian bank formed in 1989 by the merger of Nuovo Banco Ambrosiano (the bank replacing the collapsed Banco Ambrosiano) with Banca Cattolica del Veneto. Since 1989, Crédit ...

to form

Banca Intesa Banca Intesa S.p.A. was an Italian banking group. It was formed in 1998. In the next year the banking group merged with another bank Banca Commerciale Italiana to become IntesaBCi. However, the name of the group was reverted to Banca Intesa in 2 ...

on 2 January 1998, Caripuglia ceased to be existed that year, followed by Carisal and Carical in 1999. In January 2001, 19 branches of the bank was sold to

Banca Nuova Banca Nuova S.p.A. was an Italian bank headquartered in Palermo, Sicily island. The bank served the island (the region) mostly, with branches in Calabria region; It was a subsidiary of Banca Popolare di Vicenza (BPVi), in turn owned by Atlante, ...

Banca Popolare di Vicenza Banca Popolare di Vicenza (BPVi) was an Italian bank and currently a winding-down company. The banking group along was the 15th-largest retail and corporate bank of Italy by total assets at 31 December 2016, according to Mediobanca. However, its si ...

banking group. However, on 29 June 2001,

sold 75% stake of Banca Carime to

Banca Popolare Commercio e Industria Banca Popolare Commercio e Industria S.p.A. (BPCI) was an Italian bank based in Milan, Lombardy. Found in 1888, the bank absorbed other banks in the 20th century, as well as forming bank group with other banks in the first decade of the 21st centu ...

for €1.191

billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i. ...

, with Intesa retained 24.92% only. In 2002 Intesa sold the minority interests to

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

, with a warrants issued by the German bank to BPCI to buy Carime at the same price, which the contract would last until 2006. On 1 July 2003 Carime followed BPCI to become a member of

Banche Popolari Unite Unione di Banche Italiane S.p.A., commonly known for its trading name UBI Banca, was an Italian banking group, the fifth largest in Italy by number of branches. It was formed on 1 April 2007 from the merger of the Banche Popolari Unite (trading ...

(BPU). BPU also excised the warrants in 2005. On 1 April 2007 Carime became a member of

due to another merger. At the same year Carime also sold 15 branches to

Banca Popolare Pugliese Banca Popolare Pugliese S.C.p.A. (BPP) is an Italian cooperative bank based in Parabita and Matino, in the Province of Lecce, Apulia region. ( it, Puglia) Despite named itself Apulian Popular Bank, the bank concentrated in the provinces of Lecce ...

, effective on 1 May.

References

External links

* Banks established in 1998 Banks disestablished in 2017 Italian companies disestablished in 2017 Defunct banks of Italy Companies based in Calabria Companies based in Apulia Former UBI Banca subsidiaries Banca Intesa Italian companies established in 1998 {{Italy-bank-stub