Cassa Centrale Banca - Credito Cooperativo Italiano
April 11, 2024
This article needs to be updated. Please help update this article to reflect recent events or newly available information.(September 2023)
Cassa Centrale Banca - Credito Cooperativo del Nord Est S.p.A. is a coordinating institute of the cooperative banks (rural credit unions) of Trentino, based in Trento, Trentino, Italy. Some cooperative banks (rural credit unions) of Veneto and Friuli Venezia Giulia are also members.
Cassa Centrale Banca - Credito Cooperativo del Nord Est
Native name
Cassa Centrale Banca - Credito Cooperativo del Nord Est S.p.A.
Formerly
Cassa Centrale delle Casse Rurali Trentine
Cassa Centrale delle Casse Rurali Trentine e delle Banche di Credito del Nord Est
In 2017 the central institution applied to be one of the central banks for proposed co-operative banking groups of whole Italy.[5] 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.[5]
Joint venturesedit
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).[6]
Shareholdersedit
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 for the member banks to have a controlling influence in the central institute.
Referencesedit
^"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.
^"List of supervised entities" (PDF). European Central Bank. 1 January 2023.
^ ab"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.
cassa, centrale, banca, credito, cooperativo, italiano, this, article, needs, updated, please, help, update, this, article, reflect, recent, events, newly, available, information, september, 2023, cassa, centrale, banca, credito, cooperativo, nord, coordinatin. This article needs to be updated Please help update this article to reflect recent events or newly available information September 2023 Cassa Centrale Banca Credito Cooperativo del Nord Est S p A is a coordinating institute of the cooperative banks rural credit unions of Trentino based in Trento Trentino Italy Some cooperative banks rural credit unions of Veneto and Friuli Venezia Giulia are also members Cassa Centrale Banca Credito Cooperativo del Nord EstNative nameCassa Centrale Banca Credito Cooperativo del Nord Est S p A FormerlyCassa Centrale delle Casse Rurali TrentineCassa Centrale delle Casse Rurali Trentine e delle Banche di Credito del Nord EstCompany typeSocieta per Azioni owned by coop companiesIndustryFinancial servicesFounded28 February 1974 1974 02 28 1 Founder133 local banks of TrentinoHeadquartersTrento ItalyServicescentral bank of cooperative banks of Trentino Veneto and Friuli Venezia GiuliaNet income 00 19 million 2016 Group 00 18 million 2016 Company Total assets 4 048 billion 2016 Group 4 028 billion 2016 Company Total equity 0 270 million 2016 Group 0 240 million 2016 Company Ownerco operative banks of Trentino via Centrale Finanziaria del Nord Est 68 606 DZ Bank 25 Trentino Autonomous Province 4 963 others shareholders 1 431 ParentCentrale Finanziaria del Nord EstSubsidiariesCentrale Leasing Nord Est 100 Centrale Credit amp Real Estate Solutions 100 Centrale Soluzioni Immobiliari 100 Casse Rurali Raiffeisen Finanziaria 50 Nord Est Asset Management 50 Capital ratio23 82 2016 Group CET1 Capital ratio 24 71 2016 Company CET1 Capital ratio RatingMoody sWebsitewww wbr cassacentrale wbr itFootnotes referencesGroup data obtained from consolidated financial statement of Centrale Finanziaria del Nord Est instead of Cassa Centrale Banca INCLUDING minority interest 2 company data obtained from separate financial statement of Cassa Centrale Banca 3 Cassa Centrale Banca has been designated in 2019 as a Significant Institution under the criteria of European Banking Supervision and as a consequence is directly supervised by the European Central Bank 4 Contents 1 History 2 Joint ventures 3 Shareholders 4 ReferencesHistory editIn 2017 the central institution applied to be one of the central banks for proposed co operative banking groups of whole Italy 5 The other candidate was ICCREA Banca and Raiffeisen Landesbank Sudtirol 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 5 Joint ventures editCassa 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 6 Shareholders editThe 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 for the member banks to have a controlling influence in the central institute References edit 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 List of supervised entities PDF European Central Bank 1 January 2023 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 nbsp Banks portal nbsp This Italian bank or insurance related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Cassa Centrale Banca Credito Cooperativo Italiano amp oldid 1206557798, wikipedia, wiki, book, books, library,
