Nuova Cassa di Risparmio di Chieti

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
Nuova CariChieti
Native name
Nuova Cassa di Risparmio di Chieti S.p.A.
Società per Azioni
Predecessor
Successor Fondazione CariChieti (since 1992)
Founded
  • 1938
  • 1992 (S.p.A.)
  • 2015 (Nuova Carichieti)
Headquarters 24 via Colonnetta, Chieti, Italy
Total assets €3.4 billion (2015)
Total equity €141 million (2015)
Owner Italian National Resolution Fund
Parent Italian National Resolution Fund
Capital ratio 9% (Tier 1)
Website Official website (in Italian)

Nuova Cassa di Risparmio di Chieti S.p.A. is an Italian regional bank based in Chieti, Abruzzo. The bank was formed on 22 November 2015 to replace the old Cassa di Risparmio della Provincia di Chieti which was under administration from 2014 to 2015.

History

Cassa di Risparmio della Provincia di Chieti in 1938 by the merger of Cassa di Risparmio Marrucina (found 1862) and Cassa di Risparmio di Guardiagrele.[1] Due to Legge Amato, the bank was split into a limited company Cassa di Risparmio della Provincia di Chieti S.p.A. (in short Carichieti S.p.A.), and a banking foundation Fondazione Cassa di Risparmio della Provincia di Chieti. The foundation was the owner of Carichieti for 80%, with Cariplo owned 20%.[2] Cariplo also owned 20% of Caripe and Tercas of Abruzzo.

Intesa Sanpaolo, as the successor of Cariplo, still owned a minority interests in the bank until 2014 bankruptcy.

Insolvency

the company was under administration in 2014. The last annual report of the bank, shown the bank had a shareholders equity of €200,318,879 and a Tier 1 capital ratio of 8.80% as at 31 December 2013.[3] Fondo Interbancario di Tutela dei Depositi had planned to bail-out the 4 banks,[4] but they were bail-out by Italian National Resolution Fund instead.

The Italian National Resolution Fund had also injected a combined €1.7 billion to Banca Marche, Banca Etruria, Carife, and CariChieti to cover the losses.[5] After forming the good bank and the bank bank, the old bank would be liquidated, which the shareholders and subordinated bond holders would receive nothing die to bail-in.

Nuova Carichieti

On 22 November 2015 the bank split into a "good" and "bad bank",[6] the foundation lost the control on the company, which had no assets but share capital and subordinated debt. The new bank had a share capital of €141 million and a Tier 1 capital ratio of 9%.[7][8] While the bad debts was transferred to a single "bad bank" REV - Gestione Crediti, which was shared with Carife, Banca Etruria and Banca Marche.[9] The rescue of the four banks was in line with EU Bank Recovery and Resolution Directive, which Banca d'Italia was the national resolution authority of the Single Resolution Mechanism.[10]

References

  1. Lua error in package.lua at line 80: module 'strict' not found.
  2. Lua error in package.lua at line 80: module 'strict' not found.
  3. Lua error in package.lua at line 80: module 'strict' not found.
  4. Lua error in package.lua at line 80: module 'strict' not found.
  5. Lua error in package.lua at line 80: module 'strict' not found.
  6. Lua error in package.lua at line 80: module 'strict' not found.
  7. Lua error in package.lua at line 80: module 'strict' not found.
  8. Lua error in package.lua at line 80: module 'strict' not found.
  9. Lua error in package.lua at line 80: module 'strict' not found.
  10. Lua error in package.lua at line 80: module 'strict' not found.

See also


<templatestyles src="Asbox/styles.css"></templatestyles>