Cassa di Risparmio di Cento S.p.A. (known as CR Cento or Caricento in short) is an Italian savings bank based in Cento, Emilia-Romagna, which serve the Province of Ferrara, Bologna and Modena.
Company type | unlisted public società per azioni |
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ISIN | IT0001022182 |
Industry | Financial services |
Founded | 1859 1991 (S.p.A.) |
Headquarters | Cento, Emilia-Romagna, Italy |
Key people |
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Products | Retail banking |
€ 2 million (2016) | |
Total assets | €2.854 billion (2016) |
Total equity | € 196 million (2016) |
Owner |
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Parent | Fondazione Caricento |
Capital ratio | 12.41% (CET1, Dec.2016) |
Website | www |
Footnotes / references source[1] |
The bank was found on 26 April 1844 in Cento, in the Papal States and open to the public on 27 March 1859.[2][3] In December 1991, due to Legge Amato , the daily banking operation and ownership were split into a società per azioni and Fondazione Cassa di Risparmio di Cento, a banking foundation.[4] Which the bank still majority owned by the foundation, through direct and indirect ownership (Holding Cassa di Risparmio di Cento S.p.A.). Casse Emiliano Romagnole was a minority shareholder for 20% shares, but sold the shares back to the foundation in 1997.[5]
In October 2017, northern Italy bank Banca Popolare di Sondrio announced that the bank had interested to buy CR Cento,[6] after fellow savings banks of Emilia-Romagna were acquired by BPER Banca and Crédit Agricole Italia in 2017.
Fondazione Cassa di Risparmio di Cento currently held an equity of €56 million as of 31 December 2013.[7] The foundation sponsored Prize Cento, a prize for literature.