La Cassa di Ravenna S.p.A., formerly Cassa di Risparmio di Ravenna S.p.A. and Cassa di Risparmio di Ravenna, is 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

Ravenna Ravenna ( ; , also ; ) is the capital city of the Province of Ravenna, in the Emilia-Romagna region of Northern Italy. It was the capital city of the Western Roman Empire during the 5th century until its Fall of Rome, collapse in 476, after which ...

Emilia-Romagna Emilia-Romagna (, , both , ; or ; ) is an Regions of Italy, administrative region of northern Italy, comprising the historical regions of Emilia (region), Emilia and Romagna. Its capital is Bologna. It has an area of , and a population of 4.4 m ...

. The bank also has branches in

Ancona Ancona (, also ; ) is a city and a seaport in the Marche region of central Italy, with a population of around 101,997 . Ancona is the capital of the province of Ancona, homonymous province and of the region. The city is located northeast of Ro ...

, Gabicce Mare and

Rome Rome (Italian language, Italian and , ) is the capital city and most populated (municipality) of Italy. It is also the administrative centre of the Lazio Regions of Italy, region and of the Metropolitan City of Rome. A special named with 2, ...

History

Since the bank reform due to in 1991, 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 ...

and a non-profit banking foundation "Fondazione Cassa di Risparmio di Ravenna". In 2016, the minority shareholders of subsidiary Argentario, including

Assicurazioni Generali Assicurazioni Generali S.p.A. ( , ; meaning 'general insurances') or commonly known as Generali Group is an Italian insurance company based in Trieste. As of 2022, it is the largest insurance company in Italy and ranks among the world's largest i ...

(for 13.50%), accepted the plan to sell their shares of Argentario to the bank, for 16.191 shares of Argentario to 1 share of the bank. The bank paid the minority shareholders by

treasury shares A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ("open market" including insiders' holdings). Stock repurchases are used as a tax efficien ...

. The bank owned 98.24% shares of the intermediate holding company, increasing from 82.30%.

Subsidiaries

* Banco di Lucca e del Tirreno * Italcredi (70.00%) * Sorit (76.05%) * Banca di Imola * Consultinvest Asset Management SGR (Joint venture, 50.00%) ;former * Argentario (ex-Società Finanziaria di Banche Romagnole)

Former equity interests

* Cassa di Risparmio di Saluzzo (2%)

References

External links

* Banks established in 1840 1840 establishments in the Papal States Banks of Italy Companies based in Ravenna Italian companies established in 1840 {{Italy-bank-stub

History

Subsidiaries

Former equity interests

See also

References

External links