Type Società Cooperativa Services Retail banking Date founded 1893 Number of employees 487 Total assets 2.525 billion EUR (2014) | Industry Financial services Number of locations 65 Net income 9.309 million EUR (2014) Total equity 247 million EUR (2014) | |
Native name Cassa Padana Banca di Credito Cooperativo S.C. Formerly called Cassa Rurale ed Artigiana della Bassa Bresciana Area served Province of Brescia, LombardyProvince of Bergamo, LombardyProvince of Cremona, LombardyProvince of Mantua, LombardyProvince of Rovigo, VenetoProvince of Verona, VenetoProvince of Ferrara, Emilia-RomagnaProvince of Parma, Emilia-RomagnaProvince of Reggio Emilia, Emilia-Romagna | ||
Cassa Padana Banca di Credito Cooperativo S.C. is an Italian bank based in Leno, Lombardy region. The bank served the area around Brescia (Val Camonica and Val Trompia) and 8 other provinces of northern Italy.
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In terms of branches, the bank is the fourth largest bank among the Federazione Italiana delle Banche di Credito Cooperativo - Casse Rurali ed Artigiane (Federcasse), behind Banca di Credito Cooperativo di Roma, Banca del Territorio Lombardo (71 branches in 2016) and Banca d'Alba. However, in terms of total assets (of 2014), the bank was behind BCC Roma, Banca d'Alba, Banca del Territorio Lombardo (pro forma data), Credito Cooperativo Ravennate e Imolese, Emilbanca, Banca Credito Cooperativo di Brescia, Banca di Credito Cooperativo di Carate Brianza, Banca Centropadana and ChiantiBanca. According to the same research by Ricerche e Studi, the bank was ranked 56th among all types of banks (despite some banks were omitted from the study). The bank was also the member of Federazione Lombarda delle Banche di Credito Cooperativo (6.23% stake).
History
Cassa Rurale ed Artigiana della Bassa Bresciana was formed in the 1970s by the merger of Cassa Rurale e Artigiana di Leno (found 1893), Cassa Rurale e Artigiana di Gambara (found 1891) and Cassa Rurale e Artigiana di Seniga e Pescarolo (found 1897). In 1993 the bank changed the name to Cassa Padana, after absorbing Cassa Rurale e Artigiana di Gussola. The bank absorbed BCC Camuna in 2010, Banca Veneta 1896 and BCC Valtrompia in 2011.
In 2016, due to banking reform of BCC banks (Law N°49/201), the bank demutualized itself by forming Cassa Padana S.p.A., leaving the co-operative society as a holding company only.
Equity interests
Cassa Padana owned a minority interests in ICCREA Holding (1.35%), Banca Popolare Etica (0.23%), Investitionsbank Trentino Südtirol – Mediocredito Trentino Alto Adige (0.06%), Cassa Centrale Banca - Credito Cooperativo del Nord Est (0.00%), Centrale Finanziaria del Nord Est (0.38%).