Banca Carime S.p.A. was an Italian bank based in

Cosenza Cosenza (; Languages of Calabria#Northern Calabrian (Cosentian), Cosentian: ''Cusenza'', ) is a city located in Calabria, Italy. The city centre has a population of approximately 70,000, while the urban area counts more than 200,000 inhabitants. ...

, Calabria. The bank was a subsidiary of

UBI Banca Unione di Banche Italiane S.p.A., commonly known for its trading name UBI Banca, was an Italian banking group, the fifth largest in Italy by number of branches. It was formed on 1 April 2007 from the merger of the Banche Popolari Unite (trading ...

. As of 31 December 2015, the bank had 216 branches (all located in Southern Italy), serving

Calabria Calabria is a Regions of Italy, region in Southern Italy. It is a peninsula bordered by the region Basilicata to the north, the Ionian Sea to the east, the Strait of Messina to the southwest, which separates it from Sicily, and the Tyrrhenian S ...

(84 branches),

Apulia Apulia ( ), also known by its Italian language, Italian name Puglia (), is a Regions of Italy, region of Italy, located in the Southern Italy, southern peninsular section of the country, bordering the Adriatic Sea to the east, the Strait of Ot ...

(93 branches),

Campania Campania is an administrative Regions of Italy, region of Italy located in Southern Italy; most of it is in the south-western portion of the Italian Peninsula (with the Tyrrhenian Sea to its west), but it also includes the small Phlegraean Islan ...

(where Salerno is located; 20 branches) and

Basilicata Basilicata (, ; ), also known by its ancient name Lucania (, , ), is an administrative region in Southern Italy, bordering on Campania to the west, Apulia to the north and east, and Calabria to the south. It has two coastlines: a 30-kilometr ...

(19 branches). In 1999, the bank had 341 branches: 146 in Calabria, 45 in Basilicata, 122 in Apulia, 27 in Campania and 1 in Molise.

History

The bank was formed by the union of the saving banks () of Calabria–Basilicata (Carical, found 1861).),

(Caripuglia, found 1949), and

Salerno Salerno (, ; ; ) is an ancient city and ''comune'' (municipality) in Campania, southwestern Italy, and is the capital of the namesake province, being the second largest city in the region by number of inhabitants, after Naples. It is located ...

(Carisal, found 1956) by

Cariplo Cassa di Risparmio delle Provincie Lombarde, known in shorthand as Cariplo SpA, was an Italian bank founded in 1823. On 2 January 1998, it merged with Banco Ambrosiano Veneto to form Banca Intesa. Cariplo SpA became a short-lived sub-holding com ...

. In 1996, Cariplo held 80% shares of Carisal and 63.71% shares of Caripuglia directly, as well as around 60% shares of Carical through direct ownership and through Fincarime, Caripuglia and Carisal. In 1997, Fincarime was renamed to Banca Carime S.p.A. with Cariplo SpA owned 98.70% shares directly and indirectly, as well as Cariplo reached 100% ownership for Carisal, 96.05% for Caripuglia and Carical 99.88%. The three local banks were started to merged into one subsidiary Banca Carime on 1 January 1998. Right after Cariplo merged with

Banco Ambrosiano Veneto Banco Ambrosiano Veneto, also known as Banco Ambroveneto for short, was an Italian bank formed in 1989 by the merger of Nuovo Banco Ambrosiano (the bank replacing the collapsed Banco Ambrosiano) with Banca Cattolica del Veneto. Since 1989, Crédit ...

to form

Banca Intesa Banca Intesa S.p.A. was an Italian banking group, formed in 1998 by merger of Cassa di Risparmio delle Provincie Lombarde (Cariplo) and Banco Ambrosiano Veneto. The next year, the banking group merged with Banca Commerciale Italiana to become ...

on 2 January 1998, Caripuglia ceased to exist that year, followed by Carisal and Carical in 1999. In January 2001, 19 branches of the bank were sold to Banca Nuova of

Banca Popolare di Vicenza Banca Popolare di Vicenza (BPVi) was an Italian bank and currently a winding-down company. The banking group along was the 15th-largest retail and corporate bank of Italy by total assets at 31 December 2016, according to Mediobanca. However, its si ...

banking group. However, on 29 June 2001,

sold 75% stake of Banca Carime to Banca Popolare Commercio e Industria for €1.191

billion Billion is a word for a large number, and it has two distinct definitions: * 1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is now the most common sense of the word in all varieties of ...

, with Intesa retained 24.92% only. In 2002 Intesa sold the minority interests to

Deutsche Bank Deutsche Bank AG (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. ...

, with warrants issued by the German bank to BPCI to buy Carime at the same price, which the contract would last until 2006. On 1 July 2003 Carime followed BPCI to become a member of Banche Popolari Unite (BPU). BPU also excised the warrants in 2005. On 1 April 2007 Carime became a member of

due to another merger. At the same year Carime also sold 15 branches to Banca Popolare Pugliese, effective on 1 May.

References

External links

* Banks established in 1998 Banks disestablished in 2017 Italian companies disestablished in 2017 Defunct banks of Italy Companies based in Calabria Companies based in Apulia Former UBI Banca subsidiaries Banca Intesa Italian companies established in 1998 {{Italy-bank-stub