Banca CR Firenze
|
Native name
|
Banca Cassa di Risparmio di Firenze S.p.A. |
|---|---|
| Subsidiary (Società per azioni) | |
| Industry | Financial services |
| Successor | Ente Cassa di Risparmio di Firenze (charity only) |
| Founded | 1829 1992 (S.p.A.) |
| Headquarters | via Bufalini 4, Florence, Italy |
|
Key people
|
Giuseppe Morbidelli (president) |
| Services | Retail and corporate banking |
| Profit |
 €25,921,686 (2015) |
| Total assets |
 €11,581,214,647 (2015) |
| Total equity |
€659,340,135 (2015) |
| Owner | Intesa Sanpaolo (100%) |
| Parent | Intesa Sanpaolo |
| Subsidiaries | Caripistoia (74.88%) |
| Website | http://www.bancacrfirenze.it |
|
Footnotes / references in separate financial statements |
|
Banca Cassa di Risparmio di Firenze S.p.A. known as Banca CR Firenze, is an Italian bank. Once a listed company, the group now part of Intesa Sanpaolo since 2007.
Cassa di Risparmio di Firenze (The Saving Bank of Florence) was found on 30 March 1829.
In 1992, due to Legge Amato, the banking operation and the ownership were separated into a S.p.A. (private limited company) and Ente Cassa di Risparmio di Firenze.
In 1992 the bank also formed a common holding company Casse Toscane for the Saving Bank of Florence, Livorno, Pisa, Pistoia–Pescia, San Miniato and Banca del Monte di Lucca. Ente Cassa di Risparmio di Firenze was the largest shareholders of the holding company.
However after 1996, the holding company contained only Florence, Pistoia–Pescia and San Miniato, as 4 members banks withdrew to form Casse del Tirreno. In 1998, the shares of Pistoia–Pescia and San Miniato also sold back to their banking foundations. But a year later, Florence Saving Bank bought 51% shares of Pistoia–Pescia Saving Bank. The significant interests of the saving banks of Civitavecchia and Orvieto was also acquired in late 1990s. After multiple deals, Banca CR Firenze reached 51% ownership of Civitavecchia and 51.575% of Orvieto in 2000.
In November 1999 the ente sold the shares of the bank to Sanpaolo IMI and BNP Paribas. In 2000 the bank became a listed company in Borsa Italiana, with the ente owned 50% shares only. At the end of 2000, Ente CR Firenze owned 43.18%, Sanpaolo IMI owned 19.09%, BNP Paribas owned 6.99%, Ente of Pistoia & Pescia Saving Bank owned 3.95%, Banca Carige 0.82% and Cassa di Risparmio di Padova e Rovigo owned 0.82%, 25.15% held by public. However Ente CR Firenze also owned 2.57% shares of Sanpaolo IMI as the 6th largest shareholder, made the ente directly and indirectly held 43.67% interests on Banca CR Firenze SpA, but not voting rights.
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