Banca Carime
| subsidiary of a listed company | |
| Industry | Financial services |
| Predecessor | |
| Founded |
|
| Headquarters |
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Number of locations
|
 216 (2015) |
| Products | Retail banking |
| Profit |
 (€20,849,283) (2015) |
| Total assets |
 €7,154,337,171 (2015) |
| Total equity |
€1,054,675,528 (2015) |
| Owner |
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Number of employees
|
1808 (2015 average) |
| Parent | UBI Banca |
| Capital ratio | 41.24% (CET1) |
| Website | Official website |
|
Footnotes / references source |
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Banca Carime S.p.A. was an Italian bank based in Cosenza, Calabria. The bank is a subsidiary of UBI Banca. As of 31 December 2015, the bank had 216 branches (all located in Southern Italy), serving Calabria (84 branches), Apulia (93 branches), Campania (where Salerno located; 20 branches) and Basilicata (19 branches).
In 1999 the bank had 341 branches: 146 in Calabria, 45 in Basilicata, 122 in Apulia, 27 in Campania and 1 in Molise.
The bank was formed by the union of the saving banks (Italian: Cassa di Risparmio) of Calabria–Basilicata (Carical, found 1861), Apulia (Caripuglia, found 1949), and Salerno (Carisal, found 1956) by Cariplo. In 1996, Cariplo held 80% shares of Carisal and 63.71% shares of Caripuglia directly, as well as around 60% shares of Carical through direct ownership and through Fincarime, Caripuglia and Carisal. In 1997, Fincarime was renamed to Banca Carime S.p.A. with Cariplo SpA owned 98.70% shares directly and indirectly, as well as Cariplo reached 100% ownership for Carisal, 96.05% for Caripuglia and Carical 99.88%. The three local banks were started to merged into one subsidiary Banca Carime on 1 January 1998.
Right after Cariplo merged with Banco Ambrosiano Veneto to form Banca Intesa on 2 January 1998, Caripuglia ceased to be existed that year, followed by Carisal and Carical in 1999.
However, on 29 June 2001, Banca Intesa sold 75% stake of Banca Carime to Banca Popolare Commercio e Industria for €1.191 billion, with Intesa retained 24.92% only. In 2002 Intesa sold the minority interests to Deutsche Bank, with a warrants issued by the German bank to BPCI to buy Carime at the same price, which the contract would last until 2006. On 1 July 2003 Carime followed BPCI to become a member of Banche Popolari Unite (BPU). BPU also excised the warrants in 2005.
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Wikipedia