Cardine Banca

Cardine Banca

Native name	Cardine Banca S.p.A.
Company type	private Società per Azioni
Industry	Financial services
Predecessor	Casse Emiliano Romagnole Casse Venete Banca
Founded	2000 (2000)
Defunct	2002 (2002)
Fate	Acquired by Sanpaolo IMI
Headquarters	Palazzo di Residenza, 22 via Farini, Bologna , Italy
Net income	€185.473 million (2001)
Total assets	€43.062 billion (2001)
Total equity	€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.

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

• product company
  • Cardine Leasing
  • Finemiro Leasing
  • Cardine Fiduciaria
• retail banks
  • Banca Agricola di Cerea
  • Banca Popolare dell'Adriatico
  • Cassa di Risparmio di Gorizia
  • Cassa di Risparmio di Padova e Rovigo (Cariparo)
  • Cassa di Risparmio di Udine e Pordenone (CRUP)
  • Cassa di Risparmio di Venezia
  • Cassa di Risparmio in Bologna (Carisbo)
  • Finemiro Banca
  • FarBanca
  • West Bank S.A.

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.