Banca di Cambiano explained

Banca di Cambiano
Native Name:Banca di Credito Cooperativo di Cambiano (Castelfiorentino–Firenze) S.C.p.A.
Native Name Lang:it
Type:Società Cooperativa per Azioni
Industry:Financial services
Founded: in Cambiano frazione, Castelfiorentino
Founders:-->
Former Name:Cassa Rurale ed Artigiana di Cambiano
Hq Location:6 Piazza Giovanni XXIII
Hq Location City:Castelfiorentino
Hq Location Country:Italy
Area Served:Tuscany
Num Locations: 32 branches
Num Locations Year:2014
Num Employees: 288
Num Employees Year:2014
Services:Retail banking
Net Income: €4.9 million
Net Income Year:2014
Assets: €3,120,741,736
Assets Year:2014
Equity: €278,068,053
Equity Year:2014
Owner:3,160 individuals (2014)
Website: (in Italian)
Footnotes:source[1]

Banca di Credito Cooperativo di Cambiano (Castelfiorentino–Firenze) S.C.p.A. known as Banca di Cambiano is an Italian bank based in Castelfiorentino, Tuscany region. The bank served the Tuscan provinces of Florence, Pisa, Siena, Pistoia and Arezzo. The bank was a cooperative bank.

History

The bank was found in 1884, which was the oldest surviving rural credit union of Italy (several Banca Popolare (credit union in urban area) found before 1884 and Loreggia was the home of first rural credit union of Italy);[2] the oldest member of Federazione Italiana delle Banche di Credito Cooperativo - Casse Rurali ed Artigiane (Federcasse) was Cassa Rurale ed Artigiana di Boves found 1888. (Banca di Cambiano did not join the Federcasse.)[3]

In 2016 the bank demutualized.[4]

Equity interests

The bank was a minority owner of ICCREA Banca and Fidi Toscana. The bank also formed a joint venture Cabel Holding (38.53% stake) along with other cooperative banks in Tuscany, Lazio and Veneto: Banca di Credito Cooperativo di Castagneto Carducci (28.90%), Banca di Pisa e Fornacette Credito Cooperativo (28.80%), Banca di Viterbo Credito Cooperativo (2.01%), Banca Popolare di Lajatico (~1%), Banca Popolare di Cortona, Banca Popolare del Frusinate, Banca di Credito Cooperativo Vicentino di Pojana Maggiore and Cerea Banca 1897 (in subsidiaries of Cabel Holding only).

See also

Notes and References

  1. Web site: 2014 Bilancio. 19 June 2015. 31 March 2016. Banca di Cambiano. Italian.
  2. Web site: Storia e Statuto. 31 March 2016. Banca di Cambiano. Italian.
  3. http://www.creditocooperativo.it/news/dettaglio_news.asp?hNewsID=21873&i_menuID=35308 Il Credito Cooperativo italiano compie 120 Anni
  4. Web site: Approvato il Bilancio 2015 – 132esimo esercizio. Resoconto lavori assembleari. 14 May 2016. 20 June 2016. Banca di Cambiano. Italian.