Cardine Banca

Last updated
Cardine Banca
Native name
Cardine Banca S.p.A.
Typeprivate Società per Azioni
IndustryFinancial services
Predecessor
Founded2000 (2000)
Defunct2002 (2002)
FateAcquired by Sanpaolo IMI
Headquarters Palazzo di Residenza, 22 via Farini,
Bologna
,
Italy
Decrease2.svg €185.473 million (2001)
Total assets Increase2.svg €43.062 billion  (2001)
Total equity Increase2.svg €3.502 billion (2001)
Footnotes /references
in consolidated basis [1]

Cardine Banca S.p.A. was an Italian banking group that operated between 2000 and 2002. It was acquired by Sanpaolo IMI an banking and insurance conglomerate.

Contents

History

The bank was founded 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]

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

In 2002, the 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

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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.