Banca Carim – Cassa di Risparmio di Rimini S.p.A. was an Italian

savings bank A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks ha ...

based in Rimini, Emilia-Romagna. The bank mainly active in the area around Rimini.

History

The bank was found in 1840 as Cassa di Risparmio di Rimini (Carim in short). Due to , the bank was split into a ''

società per azioni (; abbr. S.p.A. or spa ) is a form of corporation in law of Italy, Italy, meaning 'company with shares' (although often translated as 'joint-stock company', which may or may not be a limited liability entity). It is more or less equivalent to ...

'' (company limited by shares) and a banking foundation (Fondazione Cassa di Risparmio di Rimini). In 2013, the bank absorbed Banca Etica Adriatica, a bank specialise in

ethical banking An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans. The ethical banking movement includes: ethical investment, impact inve ...

. The bank had a market share of 22.01% in deposits in the Province of Rimini. In 2016, the plan to recapitalize €100 million was announced. As a consequence of the Supervisory Review and Evaluation Process of the

Bank of Italy The Bank of Italy (Italian language, Italian: ''Banca d'Italia'', , informally referred to as ''Bankitalia'') is the National central bank (Eurosystem), national central bank for Italy within the Eurosystem. It was the Italian central bank from ...

, the capital ratios requirement on Carim was increased to 7.80% (CET1), 9.30% (Tier 1) and 11.30% (Total) respectively, causing the bank to recapitalise. The bank Tier 1 Capital Ratio and Total Capital Ratio stood at 8.53% and 10.86% at 31 December 2015. On 13 September 2016 the ordinary shareholders' meeting of the bank approved the proposal of suing the former management team of the bank for faults during 2007 to 2010. In 2017 it was announced that

Crédit Agricole Italia Crédit Agricole Italia S.p.A., formerly Crédit Agricole Cariparma S.p.A., is an Italian banking group, a subsidiary of French banking group Crédit Agricole. Crédit Agricole Italia was ranked as the 11th largest bank in Italy by total assets a ...

has been interested to acquire the bank, which a process of due diligence was started in the same year. A contract was signed on 29 September, with

Fondo Interbancario di Tutela dei Depositi Fondo () is a ''Communes of Trentino, comune'' (municipality) in Trentino in the northern Italy, Italian region Trentino-Alto Adige/Südtirol, located about north of Trento, precisely at the northern limit of the Val di Non. Fondo borders the f ...

voluntary scheme, which was responsible to recapitalize and clean up the non-performing loans before handover.

Shareholders

, the banking foundation Fondazione Cassa di Risparmio di Rimini still owned 56% shares as the largest shareholder. Other notable shareholders were

Fondazione Cassa di Risparmio di Fano Cassa di Risparmio di Fano S.p.A. (Carifano) was an Italian saving bank based in Fano, Marche. The bank had 40 branches all in Marche and Umbria. History Cassa di Risparmio di Fano was founded on 14 January 1843 in Fano, the Papal States. Due to L ...

which owned 0.18% shares, as well as fellow banks

Nuova Cassa di Risparmio di Ferrara Nuova Cassa di Risparmio di Ferrara S.p.A., known as Nuova Carife ew Carifein short, was an Italian bank, based in Ferrara, Emilia-Romagna. Nuova Carife was founded on 22 November 2015 as a good bank that spin off from the original Cassa di Rispa ...

(0.37968%) and Cassa di Risparmio di Cento. In 2018, it was announced that the bank would be absorbed into Crédit Agricole Italia, ending its history as a separate entity.

References

External links

*
Official website of the banking foundation
{{in lang, it Banks established in 1840 1840 establishments in the Papal States Banks disestablished in 2018 2018 disestablishments in Italy Defunct banks of Italy Companies based in Rimini Former Crédit Agricole subsidiaries Italian companies established in 1840

History

Shareholders

See also

References

External links