MarketCassa di Risparmio di Verona, Vicenza, Belluno e Ancona
Company Profile

Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona

Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona, also known by the shorthand Cariverona, was an Italian savings bank headquartered in Verona. It was formed in 1825 from a division of the Monte di Pietà di Verona, itself founded in 1490.

Predecessor
Monte di Pietà di Verona Monte di Pietà di Verona is a mount of piety () founded in 1490, in the Republic of Venice, 28 years after the first recorded mount of Italy was founded in Perugia, by other Franciscans, Bernardine of Feltre and Michele Carcano, in the Papal States. The mount was later known as Monte di Credito su Pegno di Verona since 1930s. Despite as the founder of the savings bank of Verona, the mount and the bank became separate entities until 1947, which the mount was merged back to the savings bank. The building of the mount located on 1 Piazzetta Monte was used as the headquarters of the banking foundation of the saving bank in from 1993 to 1999. ==History==
History
Civica Cassa di Risparmio di Verona was founded in 1825 in Verona in the Kingdom of Lombardy–Venetia of the Austrian Empire as a division of the local mount of piety. (law no.2587 of 1927) It was renamed to Cassa di Risparmio di Verona e Vicenza in 1927 and Cassa di Risparmio di Verona, Vicenza e Belluno in 1939. and Cassa di Risparmio di Cologna Veneta, all from the provinces of Verona, Vicenza and Belluno, as well as either mount of piety and/or savings bank origins; Monte di Credito su Pegno di Belluno was absorbed by Cariverona in 1948, followed by the counterpart in Bassano del Grappa in 1955. In 1946, the assets and liabilities of a rural credit union, Cassa Rurale e Artigiana di Isola Rizza, was also acquired by the bank. According to La Repubblica, the bank was the fourth largest savings bank () of Italy at that time. in terms of savings bank, behind Cassa di Risparmio delle Provincie Lombarde (Cariplo), Cassa di Risparmio di Torino (Banca CRT) and Cassa di Risparmio di Roma. In 1996, the business of a minor bank (a former mount of piety), Monte di Credito su Pegno di Vicenza S.p.A. was acquired from its banking foundation Fondazione Monte di Pietà di Vicenza. According to Italian Competition Authority (AGCM), quoting the figures from the Bank of Italy, Unicredito (presented as Cariverona in Marche region) was one of the major banking group of the Province of Ancona in 1996 (the third after Banca delle Marche and Banca Popolare di Bergamo), in term of market share of deposits () of 11%. In 1997, the bank sold the equity interests (12.6%) in Banco Ambrosiano Veneto to Fondazione Cariplo, the parent company of Cassa di Risparmio delle Provincie Lombarde (Cariplo); in the next year Cariplo and Banco Ambrosiano Veneto merged to form Banca Intesa, a predecessor and one of the major competitor of UniCredit, Intesa Sanpaolo. In the same year Cassa di Risparmio di Torino also joined Unicredito group. After Unicredito group merged with Credito Italiano in 1998, the foundation still owned 16.532% shares of UniCredit (known as UniCredito Italiano at that time) at 31 December 2001, as the largest shareholder. On 1 July 2002, Cariverona Banca was merged with other sub-brand and subsidiaries of the banking group to form UniCredit Banca and other divisions of UniCredit. ==Subsidiaries==
Subsidiaries
• Cariverona Ireland (75%) • Gestiveneto SGR (100%) • Quercia Software (100%) • Mediovenezie Banca (former) ==Equity investments==
Equity investments
Autostrada Brescia Verona Vicenza Padova (20.30%) • Compagnia Investimenti e Sviluppo (4.00%) • (2.54%) • Società per l'Autostrada di Alemagna (8.24%) • Veneto Sviluppo (10.98%) ;former • Cassa di Risparmio di Udine e Pordenone ==See also==
tickerdossier.comtickerdossier.substack.com