Girish Mahajan (Editor)

Banca Caripe

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Native name
  
Banca Caripe

Area served
  
Abruzzo and Marche

Total assets
  
1.258 billion EUR (2014)

Industry
  
Financial services

Headquarters
  
Total equity
  
59.54 million EUR (2014)

Banca Caripe datavisitsulmonaitmedia201507BancaCaripe20

Formerly called
  
Cassa di Risparmio e di Credito Agrario di Loreto AprutinoCassa di Risparmio della Provincia di PescaraCassa di Risparmio di Pescara e Loreto Aprutino

Type
  
Division (former S.p.A. and subsidiary)

Net income
  
(€5,290,467) (Oct.-Dec.2014)

Founded
  
1871, Loreto Aprutino, Italy

Parent organizations
  

Banca Caripe S.p.A. is an Italian regional bank based in Pescara, Abruzzo. There were 13 branches of the bank outside the Province of Pescara in Abruzzo and Marche regions, out of 48 total.

Contents

History

Cassa di Risparmio e di Credito Agrario di Loreto Aprutino was found in Loreto Aprutino, 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, the bank was split into Cassa di Risparmio di Pescara e Loreto Aprutino S.p.A. (limited company) as well as Fondazione Cassa di Risparmio di Pescara e di Loreto Aprutino (the banking foundation; Fondazione Pescara Abruzzo). Cassa di Risparmio delle Provincie Lombarde immediately acquired 20% shares of the limited company, as well as in Cassa di Risparmio della Provincia di Chieti and Cassa di Risparmio della Provincia di Teramo.

In 2000 Banca Intesa sold 20% 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 (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. In 2006 Reti Bancarie was absorbed into BPL. BPL owned 51% shares directly as well as the foundation had a put option to sell 44% shares to BPL, which the foundation eventually sold the stake to BPL. Banca Caripe became part of Banco Popolare in 2007.

As a subsidiary of Banca Tercas

On 1 January 2011 the controlling interests in the bank was sold to Banca Tercas for €228 million from Banco Popolare. The banking foundation retained 5% shares. On 31 December 2011, Banca Caripe had a shareholders equity of €112,542,054, and a Tier 1 capital ratio of 8.93%. However, from 2012 to 30 September 2014, Banca Tercas was under special administration due to insolvency. The CET1 capital ratio of Banca Carpie was once fell to 0.18% at 31 December 2013, with a shareholders equity of just €1,329,403. Banca Caripe was also under special administration on 3 July 2014.

As a subsidiary of Banca Popolare di Bari

In 2014 Banca Tercas was acquired by Banca Popolare di Bari. Banca Caripe was also recapitalized for €74,820,000 in 2014. As at 30 September 2014, the CET1 capital ratio was 7.59%, and shareholders equity was €64,852,668.

References

Banca Caripe Wikipedia


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