Cassa di Risparmio della Provincia dell'Aquila (Carispaq) was an Italian savings bank, based in

L'Aquila L'Aquila ( , ) is a city and ''comune'' in central Italy. It is the capital city of both the Abruzzo region and of the Province of L'Aquila. , it has a population of 70,967 inhabitants. Laid out within medieval walls on a hill in the wide valle ...

, Abruzzo region. The bank was absorbed into parent company

Banca Popolare dell'Emilia Romagna BPER Banca S.p.A., formerly known as Banca Popolare dell'Emilia Romagna S.C., is an Italian banking group offering traditional banking services to individuals, corporate and public entities. The company is based in Modena and is a constituent of ...

in 2013. Fondazione Cassa di Risparmio della Provincia dell'Aquila, the parent organization that the bank was spin off from in 1992, still operates as a charity organization.

History

Cassa di Risparmio dell'Aquila was found in 1859 in the

Kingdom of the Two Sicilies The Kingdom of the Two Sicilies ( it, Regno delle Due Sicilie) was a kingdom in Southern Italy from 1816 to 1860. The kingdom was the largest sovereign state by population and size in Italy before Italian unification, comprising Sicily and a ...

. However, the bank was opened in 1862, the year after the unification of Italy. The bank was renamed into Cassa di Risparmio della Provincia dell'Aquila (Carispaq) in 1955. Due to

Legge Amato Legge is a surname. Notable people with the surname include: *Alexander Legge (1866–1933), US businessman, president of International Harvester * Anthony Legge (1939–2013), British archaeologist specialized in zooarchaeology *Arthur Kaye Legge ...

, the organization was split into Cassa di Risparmio della Provincia dell'Aquila S.p.A. (limited company) and Fondazione Cassa di Risparmio della Provincia dell'Aquila (banking foundation) on 20 August (gazetted on 3 September).

Banca di Roma UniCredit Banca di Roma S.p.A. was an Italian bank based in Rome, Lazio region. It was a subsidiary of UniCredit Group. In 2010 the subsidiary was absorbed into the bank, but retained as a registered trademark. In 2008 the bank had 1533 branches: ...

also subscribed the capital increase of 63 billion lire, for 20% shares. In 1998 the minority interests was acquired by La Fondiaria Assicurazioni.

As a subsidiary of Finbanche d'Abruzzo

In 1999–2000 Finbanche d'Abruzzo S.p.A. became the sub-holding company of Carispaq S.p.A. (for 82.5%), which was a joint venture of

(51.878%), La Fondiaria Assicurazioni (15.4%) and the banking foundation (32.72%); the sub-holding also owned 48.142% shares of

Banca Popolare di Lanciano e Sulmona Banca Popolare di Lanciano e Sulmona S.p.A., known as BLS, was an Italian cooperative bank based in Lanciano, in Province of Chieti, in Abruzzo region. It was absorbed into Banca Popolare dell'Emilia Romagna in 2013. History Banca Popolare di La ...

(previously controlled by BPER directly). The foundation retained 17.5% shares of Carispaq directly. In 2004

Fondiaria-Sai Fondiaria-Sai S.p.A. was an Italian financial services company based in Turin, founded in 2002 by the merger of La Fondiaria Assicurazioni and Società Assicuratrice Industriale. In 2014 the company was merged by incorporation of Unipol Assicura ...

sold 15.4% Finbanche d'Abruzzo and 4.5% shares of

Banca della Campania Banca may refer to: Places * Bangka Island, an island lying east of Sumatra, part of Indonesia * Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France * Banca, Tasmania, a locality in Tasmania, Australia * ...

to BPER. In December 2004 both Finbanche d'Abruzzo and Carispaq proposed a capital increases, making the foundation hold 25.991% shares of Finbanche d'Abruzzo, as well as maintaining 17.5% direct ownership on Carispaq .

As a subsidiary of BPER

In 2005 BPER owned 100% shares of Finbanche d'Abruzzo by acquiring the remaining 25.991% shares from the banking foundation for about €73 million. Due to another capital increases, Finbanche d'Abruzzo owned 79.922% shares of Carispaq (decreased from 82.5%), and the foundation owned 16.953%, with the rest (3.125%) was owned by others. in 2008 Finbanche d'Abruzzo was absorbed into BPER. In 2011 BPER offered to the public to acquire all the remaining shares of the bank from the minority shareholders. The foundation received 1,915,453 number of new shares of BPER by selling 11.853% shares of Carispaq. The remaining 5.1% was sold in 2013 for about €7.26 million from the foundation. In the same year Carispaq was absorbed into BPER, along with

. The last annual report of Carispaq shown the bank had a

shareholders' equity In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $2 ...

of €196.803 million as at 31 December 2012, and a Tier 1 capital ratio of 9.37%.

References

{{Authority control Banks established in 1862 Italian companies established in 1862 Banks disestablished in 2013 Italian companies disestablished in 2013 Defunct banks of Italy Companies based in L'Aquila BPER Banca

History

As a subsidiary of Finbanche d'Abruzzo

As a subsidiary of BPER

See also

References