Cassa Centrale Banca - Credito Cooperativo Italiano
Native name | Cassa Centrale Banca - Credito Cooperativo del Nord Est S.p.A. | ||||||||||
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Formerly |
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Type | Società per Azioni owned by coop companies | ||||||||||
Industry | Financial services | ||||||||||
Founded | 28 February 1974[1] | ||||||||||
Founder | 133 local banks of Trentino | ||||||||||
Headquarters | , Italy | ||||||||||
Services | central bank of cooperative banks of Trentino, Veneto and Friuli – Venezia Giulia | ||||||||||
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Total assets |
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Total equity |
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Owner |
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Parent | Centrale Finanziaria del Nord Est | ||||||||||
Subsidiaries |
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Capital ratio |
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Rating | Moody's | ||||||||||
Website | cassacentrale.it | ||||||||||
Footnotes / references
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Cassa Centrale Banca - Credito Cooperativo del Nord Est S.p.A. is a central institute of the cooperative banks (rural credit union) of Trentino, based in Trento, Trentino. Some cooperative banks (rural credit union) of Veneto and Friuli – Venezia Giulia also joined.
History[]
In 2017 the central institution applied to be one of the central bank for proposed co-operative banking groups of whole Italy.[4] The other candidate was ICCREA Banca (and Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige for South Tyrol autonomous province only). A new Italian law required all co-operative banks of Italy to join a banking group, which the central institution has power to recapitalize individual member banks, but the central institution itself would be owned by the member banks in a majority. Cassa Centrale Banca - Credito Cooperativo del Nord Est had proposed to change their name to Cassa Centrale Banca – Credito Cooperativo Italiano.[4]
Joint ventures[]
Cassa Centrale Banca had a joint venture "Casse Rurali – Raiffeisen Finanziaria" with its South Tyrol counterpart. The joint venture was the largest shareholder of Investitionsbank – Mediocredito of South Tyrol - Trentino autonomous region.
Cassa Centrale Banca had another joint venture Nord Est Asset Management S.A. (NEAM in short).[5]
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The bank was owned by the member banks directly. However, in order to sell 25% shares to DZ Bank, a new holding company Centrale Finanziaria del Nord Est was established in 2007, in order to make the member banks had a controlling influence to the central institute.
See also[]
- , development bank of Trentino
References[]
- ^ "Company Profile" (PDF) (in Italian). Cassa Centrale Banca - Credito Cooperativo del Nord Est. October 2015. Retrieved 1 April 2016.
- ^ "2016 Bilancio Consolidato" (PDF) (in Italian). Centrale Finanziaria del Nord Est. 2017. Retrieved 17 July 2017.
- ^ "2016 Bilancio" (PDF) (in Italian). Cassa Centrale Banca. 2017. Retrieved 17 July 2017.
- ^ a b "CASSA CENTRALE BANCA PRESENTA LA CANDIDATURA A CAPOGRUPPO" (Press release) (in Italian). Cassa Centrale Banca. 30 January 2017. Retrieved 17 July 2017.
- ^ "NORD EST FUND" (in Italian). Cassa Centrale Banca. Retrieved 17 July 2017.
External links[]
- Official website (in English and Italian)
- Cooperative banks of Italy
- Financial services companies established in 1974
- 1974 establishments in Italy
- Companies based in Trentino
- Trento
- Government of Trentino
- Region-owned companies of Italy
- Italian company stubs
- European bank stubs