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Casse Emiliano Romagnole

CAER
Native name
Gruppo Bancario Casse Emiliano Romagnole S.p.A.
private Società per Azioni
Industry Financial services
Successor Cardine Banca
Founded 1992
Defunct 2000
Headquarters Palazzo di Residenza della Carisbo, 22 via Farini, Bologna, Italy
Owners
Parent Carisbo Foundation
Subsidiaries

Gruppo Bancario Casse Emiliano Romagnole (CAER) was an Italian holding company and bank group, based in Bologna. The main company of the group was Cassa di Risparmio in Bologna.

Due to Legge Amato, all saving bank (Italian: Cassa di Risparmio) of Italy had to transform into a private limited company and a banking foundation. The foundation of Cassa di Risparmio in Bologna (Fondazione Carisbo), formed Casse Emiliano Romagnole (CAER) as their sub-holding company for their own bank (81.08%), as well as participated in the ownership of the saving bank of Carpi (20%),Cento (20%),Faenza (1.51% + 29.96% through Carisbo),Imola (20%),Lugo and Piacenza e Vigevano. CR Lugo was merged with Banca Monte Lugo to form Cassa di Risparmio e Banca del Monte Lugo in August 1992 (which CAER owned 1.32% + 37.4% through Carisbo). Its owner, Fondazione Banca Monte Lugo, was invited to become a shareholders of CAER. In 1993 CR Piacenza was merged with CR Parma to form CR Parma e Piacenza, which its successor was withdrew from the bank group. Additionally, CAER through Carisbo, hold a minority interests in CR Mirandola, CR Ferrara, Credito Romagnolo, Banco S.Geminiano e S.Prospero, and controlling interests in BIMER Banca (ex-Mediocredito Emilia–Romagna) as at 31 December 1993. That year the bank foundation of Carisbo was the major shareholders of the holding, for 93.2%, followed by CR Carpi (2.28%), CR Imola (1.79%), CR Cento (1.61%), CR Lugo (0.55%), BMCR Faenza (0.41%) and Banca Monte Lugo (0.16%). In 1995 CRBM Lugo and CR Faenza merged to form Banca di Romagna, which CAER through direct and indirect ownership, owned 36% shares of the bank.


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Wikipedia

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