Cassa Depositi e Prestiti
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| Società per Azioni | |
| Industry | Banking |
| Founded | 1850 in Turin |
| Founder | Italian government |
| Headquarters | Rome, Italy, European Union |
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Area served
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Italy |
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Key people
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Chairman: Claudio Costamagna Vice President: Mario Nuzzo Chief Executive Officer: Fabio Gallia |
| Total assets | €401 billion (2014) |
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Number of employees
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637 (2015) |
| Subsidiaries | |
| Website | www |
Cassa Depositi e Prestiti (CDP SpA) is an Italian investment bank founded in 1850 in Turin; after the unification of Italy, in 1863 it was restructured and the headquarters moved to Rome; it was constituted in its current form as a company on 12 December 2003. 80.1% of the share capital is owned by the Italian Ministry of Economy and Finance, the 18.4% is held by various banking foundations, while the remaining 1.5% in treasury shares.
CDP is today the third largest Italian bank according to the value of the total assets owned by the group (around 400 billion euros in 2015), after the banks UniCredit and Intesa Sanpaolo. Cassa Depositi e Prestiti manages the entire Italian Postal savings that represent its first source of financial resources. These resources are used by the bank to lend money to the Italian State or local governments, acquire strategic equities and invest in financial, infrastructural and economical projects considered strategic for the development of the Italian economy.
CDP owns today several stocks of companies listed in the Italian stock market such as Fincantieri, Eni, Poste italiane and Terna.
In 2009, Caisse des Dépots, Cassa Depositi e Prestiti, KfW and European Investment Bank founded the Long-Term Investors Club.
The activities of the company are divided into two distinct branches of business. The first, called "separate management", manages the financing of investment and other public bodies, such as regions, other local bodies and structures relating to the State, using postal savings deposits as the main source of funds.
The second, called "ordinary management", deals with the financing of works, plants, networks and equipment intended for the supply of public services and redevelopment.
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Wikipedia