Cassa Centrale Banca - Credito Cooperativo del Nord Est

Cassa Centrale Banca - Credito Cooperativo del Nord Est

Native name	Cassa Centrale Banca - Credito Cooperativo del Nord Est S.p.A.
Formerly called	Cassa Centrale delle Casse Rurali Trentine Cassa Centrale delle Casse Rurali Trentine e delle Banche di Credito del Nord Est
Type	Società per Azioni owned by coop companies
Industry	Financial services
Founded	28 February 1974 (1974-02-28)
Founder	133 local banks of Trentino
Headquarters	Trento, Italy
Services	central bank of cooperative banks of Trentino, Veneto and Friuli – Venezia Giulia
Profit	€0019 million (2016 Group) €0018 million (2016 Company)
Total assets	€4.048 billion (2016 Group) €4.028 billion (2016 Company)
Total equity	€0270 million (2016 Group) €0240 million (2016 Company)
Owner	co-operative banks of Trentino (via Centrale Finanziaria del Nord Est) (68.606%) DZ Bank (25%) Trentino Autonomous Province (4.963%) others shareholders (1.431%)
Parent	Centrale Finanziaria del Nord Est
Subsidiaries	Centrale Leasing Nord Est (100%) Centrale Credit & Real Estate Solutions (100%) Centrale Soluzioni Immobiliari (100%) Casse Rurali – Raiffeisen Finanziaria (50%) Nord Est Asset Management (50%)
Capital ratio	23.82% (2016 Group CET1 Capital ratio) 24.71% (2016 Company CET1 Capital ratio)
Rating	Moody's
Website	cassacentrale.it
Footnotes / references Group data obtained from consolidated financial statement of Centrale Finanziaria del Nord Est (instead of Cassa Centrale Banca), INCLUDING minority interest company data obtained from separate financial statement of Cassa Centrale Banca

Cassa Centrale Banca - Credito Cooperativo del Nord Est S.p.A. is a central institute of the cooperative banks (rural credit union) of Trentino, based in Trento, Trentino. Some cooperative banks (rural credit union) of Veneto and Friuli – Venezia Giulia also joined.

In 2017 the central institution applied to be one of the central bank for proposed co-operative banking groups of whole Italy. The other candidate was ICCREA Banca (and Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige for South Tyrol autonomous province only). A new Italian law required all co-operative banks of Italy to join a banking group, which the central institution has power to recapitalize individual member banks, but the central institution itself would be owned by the member banks in a majority. Cassa Centrale Banca - Credito Cooperativo del Nord Est had proposed to change their name to Cassa Centrale Banca – Credito Cooperativo Italiano.

Cassa Centrale Banca had a joint venture "Casse Rurali – Raiffeisen Finanziaria" with its South Tyrol counterpart. The joint venture was the largest shareholder of Investitionsbank – Mediocredito of South Tyrol - Trentino autonomous region.

Cassa Centrale Banca had another joint venture Nord Est Asset Management S.A. (NEAM in short).

The bank was owned by the member banks directly. However, in order to sell 25% shares to DZ Bank, a new holding company Centrale Finanziaria del Nord Est was established in 2007, in order to make the member banks had a controlling influence to the central institute.

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