Fondazione Cassa di Risparmio di Padova e Rovigo (in short Cariparo) is an

italian Italian(s) may refer to: * Anything of, from, or related to the people of Italy over the centuries ** Italians, an ethnic group or simply a citizen of the Italian Republic or Italian Kingdom ** Italian language, a Romance language *** Regional Ita ...

philanthropic Philanthropy is a form of altruism that consists of "private initiatives, for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material ...

organization formed in 1991. It was formed by separating the Cassa di Risparmio di Padova e Rovigo into two separate entities: a

limited company In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. In a company limited by shares, the lia ...

that offers banking services and a banking foundation which holds a stake in the bank capital. Cassa di Risparmio di Padova e Rovigo later united with other banks in the

Veneto it, Veneto (man) it, Veneta (woman) , population_note = , population_blank1_title = , population_blank1 = , demographics_type1 = , demographics1_footnotes = , demographics1_title1 = , demographics1_info1 = ...

region to form

Casse Venete Banca Cassa di Risparmio del Veneto S.p.A., known as CR Veneto, was an Italian savings bank, headquartered in Padua, Veneto ( it, Padova). It was a subsidiary of Intesa Sanpaolo. History The bank was one of the oldest savings bank of Italy, which in 18 ...

Group. In 2000 it merged with Casse Emiliano Romagnole to form Cardine Banca, which in 2002 incorporated into

Sanpaolo IMI Sanpaolo IMI S.p.A. was an Italian banking and insurance conglomerate, based in Turin. It employed about 44,000 people and had about 7 million customers. On 24 August 2006 a merger with Banca Intesa was announced, which on 1 December 2006 was ap ...

. As of December 31st 2006, Fondazione Cariparo was the second largest shareholder of Sanpaolo IMI for 7.02% shares. In 2007 Sanpaolo IMI merged with

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 ...

to form

Intesa Sanpaolo Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a corporate identity ...

, the italian international banking group. As of December 31st 2007 the foundation was the fourth largest shareholder of Intesa Sanpaolo for 4.60% shares. As of December 31st 2020, the foundation's stake in Intesa Sanpaolo had dropped to 1.72% of shares. The foundation has diversified investments. It had total assets of €0.841 billion as of December 31st 2001, that grew to €2.796 billions as of December 31st 2021. The foundation had funded the restoration of Po River Delta.

References

External links

* Cardine Banca Sanpaolo IMI Intesa Sanpaolo 1991 establishments in Italy Organizations established in 1991 Banking foundations based in Italy Organisations based in Padua {{Italy-org-stub