Cardine Banca Explained

Cardine Banca
Native Name:	Cardine Banca S.p.A.
Native Name Lang:	it
Type:	private Società per Azioni
Industry:	Financial services
Fate:	Acquired by Sanpaolo IMI
Hq Location:	Palazzo di Residenza, 22 via Farini
Hq Location City:	Bologna
Hq Location Country:	Italy
Net Income:	€185.473 million
Net Income Year:	2001
Assets:	€43.062 billion
Assets Year:	2001
Equity:	€3.502 billion
Equity Year:	2001
Footnotes:	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.

Notes and 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. Web site: 2002 Annual Report. 19 June 2003. 21 April 2016. Sanpaolo IMI.
3. Web site: Offerta pubblica di acquisto e di scambio su azioni ordinarie della Banca Agricola di Gorizia. https://web.archive.org/web/20150403095159/http://www.consob.it/main/documenti/opa_documenti/bancaagrkmeeka.pdf. 3 April 2015. 2000. Banca Popolare di Cividale. CONSOB archive. Italian.
4. Web site: EIB: eur 237 mln to Cardine Banca for Italy's SMEs and small and medium-sized infrastructure projects . 28 May 2002. 21 April 2016. European Investment Bank.