Cardine Banca

Cardine Banca S.p.A. was an Italian banking group found in 2000 by the merger of Casse Emiliano Romagnole and Casse Venete Banca. On 1 June 2002 the group was acquired by Sanpaolo IMI in an all shares deal.[2]

Cardine Banca
Native name
Cardine Banca S.p.A.
Typeprivate Società per Azioni
IndustryFinancial services
Predecessor
Founded2000
Defunct2002
HeadquartersPalazzo di Residenza, 22 via Farini,
Bologna
,
Italy
€185.473 million (2001)
Total assets €43.062 billion (2001)
Total equity €3.502 billion (2001)
Footnotes / references
in consolidated basis[1]

In 2000 Banca Agricola di Gorizia was sold to Banca Popolare di Cividale.[3]

In 2002 European Investment Bank advanced a €200.37 million loan to the banking group, as part of a subsidized loan to small and medium-sized enterprises and small and medium-sized infrastructure projects.[4]

Subsidiaries

Shareholders
As of 31 December 2001
  1. Fondazione Cariparo (40.22%)
  2. Fondazione Carisbo (28.61%)
  3. Sanpaolo IMI (10.81%)
  4. Fondazione CRUP (5.08%)
  5. Unipol (1.80%)
  6. Generali (1.48%)
  7. Fincardine (treasury shares) (0.44%)
  8. Fondazione Cassa di Risparmio di Carpi (0.41%)
  9. others (8.84%)

References
  1. Cardine Banca S.p.A. bilancio (financial report and accounts) on 31 December 2001, PDF purchased from Italian C.C.I.A.A. (in Italian)
  2. "2002 Annual Report" (PDF). Sanpaolo IMI. 19 June 2003. Retrieved 21 April 2016.
  3. "Offerta pubblica di acquisto e di scambio su azioni ordinarie della Banca Agricola di Gorizia" (PDF). Banca Popolare di Cividale (in Italian). CONSOB archive. 2000. Archived from the original (PDF) on 3 April 2015.
  4. "EIB: eur 237 mln to Cardine Banca for Italy's SMEs and small and medium-sized infrastructure projects". European Investment Bank. 28 May 2002. Retrieved 21 April 2016.


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