Cassa Centrale Banca - Credito Cooperativo Italiano

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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
Company type Società per Azioni owned by coop companies
IndustryFinancial services
Founded28 February 1974 (1974-02-28) [1]
Founder133 local banks of Trentino
Headquarters
Trento
,
Italy
Servicescentral bank of cooperative banks of Trentino, Veneto and Friuli – Venezia Giulia
Increase2.svg €0019 million(2016 Group)
Increase2.svg €0018 million(2016 Company)
Total assets
Decrease2.svg €4.048  billion (2016 Group)
Decrease2.svg €4.028 billion(2016 Company)
Total equity
Steady2.svg €0270 million(2016 Group)
Steady2.svg €0240 million(2016 Company)
Owner
co-operative banks of Trentino (via Centrale Finanziaria del Nord Est)(68.606%)
DZ Bank (25%)
Trentino Autonomous Province(4.963%)
others shareholders(1.431%)
Parent Centrale Finanziaria del Nord Est
Subsidiaries
Centrale Leasing Nord Est(100%)
Centrale Credit & Real Estate Solutions(100%)
Centrale Soluzioni Immobiliari(100%)
Casse Rurali – Raiffeisen Finanziaria(50%)
Nord Est Asset Management(50%)
Capital ratio
Increase2.svg 23.82%(2016 Group CET1 Capital ratio)
Increase2.svg 24.71%(2016 Company CET1 Capital ratio)
Rating Moody's
Website www.cassacentrale.it
Footnotes /references

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.

Contents

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]

History

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 ventures

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]

Shareholders

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.

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References

  1. ↑ "Company Profile" (PDF) (in Italian). Cassa Centrale Banca - Credito Cooperativo del Nord Est. October 2015. Retrieved 1 April 2016.
  2. ↑ "2016 Bilancio Consolidato" (PDF) (in Italian). Centrale Finanziaria del Nord Est. 2017. Retrieved 17 July 2017.
  3. ↑ "2016 Bilancio" (PDF) (in Italian). Cassa Centrale Banca. 2017. Retrieved 17 July 2017.
  4. ↑ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  5. 1 2 "CASSA CENTRALE BANCA PRESENTA LA CANDIDATURA A CAPOGRUPPO" (Press release) (in Italian). Cassa Centrale Banca. 30 January 2017. Retrieved 17 July 2017.
  6. ↑ "NORD EST FUND" (in Italian). Cassa Centrale Banca. Retrieved 17 July 2017.


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