Banca Caripe S.p.A. was an Italian saving bank based in Pescara, Abruzzo Region. There were 13 branches of the bank outside the Province of Pescara in Abruzzo and Marche regions, out of 48 total. In 2016 the bank was absorbed by the parent company Banca Popolare di Bari, but retaining as brand.

History

Cassa di Risparmio e di Credito Agrario di Loreto Aprutino was found in

Loreto Aprutino Loreto Aprutino ( Abruzzese: ') is a ''comune'' and town in the Province of Pescara in the Abruzzo region of central Italy. History The presence of necropoleis at Colle-Fiorano and at Farina-Cardito suggest that a significant pre-Roman settlement ...

, Kingdom of Italy in 1871. In 1936 the bank was renamed into Cassa di Risparmio della Provincia di Pescara, con sede in Loreto Aprutino (later shorten to Cassa di Risparmio di Pescara e Loreto Aprutino). In 1992, 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 bank was split into Cassa di Risparmio di Pescara e Loreto Aprutino S.p.A. ('' Società per Azioni''; company limited by shares) as well as Fondazione Cassa di Risparmio di Pescara e di Loreto Aprutino (the banking foundation; later known as Fondazione Pescara Abruzzo).

Cassa di Risparmio delle Provincie Lombarde 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 ...

(Cariplo) immediately acquired 20% shares of the limited company, as well as fellow saving banks of Abruzzo Region:

Cassa di Risparmio della Provincia di Chieti Banca Teatina S.p.A. formerly known as Nuova Cassa di Risparmio di Chieti S.p.A. was an Italian savings bank headquartered in Chieti Scalo, Chieti, Abruzzo region. The bank was formed on 22 November 2015 to replace the old Cassa di Risparmio della ...

and

Cassa di Risparmio della Provincia di Teramo Banca Tercas, formerly known as Cassa di Risparmio della Provincia di Teramo was an Italian savings bank based in Teramo, Abruzzo. On 1 January 2011 the bank purchased fellow savings bank Banca Caripe from Banco Popolare. The enlarged banking grou ...

. In 2000, Banca Intesa sold 20% shares back to the banking foundation.

As a subsidiary of Banca Popolare di Lodi

On 16 February 2001, the bank was renamed to Banca Caripe S.p.A.. In the same year

Banca Popolare di Lodi Banca Popolare di Lodi was an Italian cooperative bank based in Lodi, Lombardy. The bank was absorbed into parent company Banco Popolare in 2011. However, the bank still operates as a division and a brand of the group. History Banca Popolare di Lo ...

(Bipielle Group, BPL), through direct and indirect ownership: Istituto di Credito delle Casse di Risparmio Italiane (ICCRI), bought 30% shares of the bank. In 2003 the group was increased to own 51% shares through

Reti Bancarie Reti Bancarie S.p.A. was an intermediate holding company of Banca Popolare di Lodi Group (aka Bipielle; BPL). BPL's subsidiary reverse takeover listed company Banco di Chiavari e della Riviera Ligure in 2003. in 2006 it was absorbed into BPL. Hist ...

. In 2006 Reti Bancarie was absorbed into BPL. BPL owned 51% shares directly as well as the foundation had a

put option In finance, a put or put option is a derivative instrument in financial markets that gives the holder (i.e. the purchaser of the put option) the right to sell an asset (the ''underlying''), at a specified price (the ''strike''), by (or at) a s ...

to sell the remaining 44% shares to BPL (the foundation retained 5% shares), which the foundation eventually sold the stake to BPL. Banca Caripe became part of

Banco Popolare Banco Popolare Società Cooperativa was an Italian bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BPVN) and Banca Popolare Italiana (BPI). The bank merged with Banca Popolare di Milano on 1 January 2017. The bank was ...

banking group in 2007.

As a subsidiary of Banca Tercas

On 1 January 2011 the controlling interests in the bank were sold to

Banca Tercas Banca Tercas, formerly known as Cassa di Risparmio della Provincia di Teramo was an Italian savings bank based in Teramo, Abruzzo. On 1 January 2011 the bank purchased fellow savings bank Banca Caripe from Banco Popolare. The enlarged banking group ...

for €228 million from

. The banking foundation retained 5% shares. On 31 December 2011, Banca Caripe had a shareholders' equity of €113 million, and a Tier 1 capital ratio of 8.93% (in Basel II basis). However, from 2012 to 30 September 2014, the parent company Banca Tercas was under special administration due to insolvency. The CET1 capital ratio of Banca Carpie once fell to 0.18% at 31 December 2013, with a shareholders' equity of just €1 million. Banca Caripe was also under special administration on 3 July 2014.

As a subsidiary of Banca Popolare di Bari

In 2014, Banca Tercas banking group was acquired by Banca Popolare di Bari. Banca Caripe was also recapitalized for €75 million during the year. As at 30 September 2014, the CET1 capital ratio was 7.59% (in Basel III basis), and shareholders' equity was €65 million. The ratio was decreased to 7.004% at 31 December 2014. Banca Popolare di Bari absorbed Banca Caripe in 2016.

Banking foundation

After the fold of the S.p.A., the original legal entity of the bank (and later the original parent entity of the S.p.A.)., still operates as Fondazione Pescara Abruzzo. As at 31 December 2016, the foundation had a stakeholders' equity of €204 million; it was the minority shareholders of Cassa Depositi e Prestiti (0.019%),

CDP Reti CDP Reti S.p.A. is an Italian holding company. It is a joint venture of Cassa Depositi e Prestiti, State Grid Corporation of China and other investors. The company owned 28.98% shares of Snam and 29.85% shares of Terna, as the largest shareholde ...

(0.047%), Banca Popolare di Bari (0.000517%),

Banca Popolare Province Molisane 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 * ...

(0.58%), Serfina Banca (9.95%),

Banca Popolare Etica 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 * ...

(0.0088%), Poste italiane (50,000 shares) and other companies.

References

External links

*
Official website of Fondazione Pescara Abruzzo
{{Authority control Banks established in 1871 Banks disestablished in 2016 2016 disestablishments in Italy Defunct banks of Italy Banco Popolare Cariplo acquisitions Companies based in Pescara Italian brands Italian companies established in 1871