Fondazione Cassa di Risparmio della Provincia di Chieti
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Formerly called
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Nuova Cassa di Risparmio di Chieti |
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| Industry | Financial services |
| Predecessor |
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| Successor | Fondazione Chieti (charity only) |
| Founded |
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| Headquarters |
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Number of locations
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 63 (2015) |
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Area served
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Key people
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| Services | Retail and corporate banking |
 €8 million (2016) |
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| Total assets |
€2.965 billion (2016) |
| Total equity |
€119 million (2016) |
| Owner | UBI Banca (100%) |
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Number of employees
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548 (2016) |
| Parent | UBI Banca |
| Capital ratio |
11.29% (CET1, Dec.2016) |
| Website | carichieti.it (in Italian) |
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Footnotes / references source |
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Banca Teatina S.p.A. trading as UBI Banca Teatina and formerly known as Nuova Cassa di Risparmio di Chieti S.p.A. is an Italian saving bank based in Chieti, Abruzzo Region. The bank was formed on 22 November 2015 to replace the old Cassa di Risparmio della Provincia di Chieti S.p.A. which was under special administration from 2014 to 2015. The bank was bought by UBI Banca on 18 January 2017 for a nominal fee. Cassa di Risparmio della Provincia di Chieti S.p.A. was the successor of the bank that known as "Cassa di Risparmio della Provincia di Chieti", which was under legal reconstruction in 1990s. The former legal entity of "Cassa di Risparmio della Provincia di Chieti" became Fondazione Cassa di Risparmio della Provincia di Chieti, which was the majority shareholder of the S.p.A. before its failure in 2015.
Cassa di Risparmio della Provincia di Chieti was found in 1938 by the merger of Cassa di Risparmio Marrucina (found 1862) and Cassa di Risparmio di Guardiagrele.
In 1992, Due to Legge Amato, the statutory corporation was split into a limited company Cassa di Risparmio della Provincia di Chieti S.p.A. (in short Carichieti S.p.A.), and a banking foundation Fondazione Cassa di Risparmio della Provincia di Chieti ("Fondazione Chieti" in short). The foundation was the owner of Carichieti for 80%, with Cariplo owned 20%. Cariplo also owned 20% of Caripe and Tercas of Abruzzo.
Intesa Sanpaolo, as the successor of Cariplo, still owned a minority interests in the bank until 2014 bankruptcy.
the company was under special administration (A.S.) in 2014. The last annual report of the bank, shown the bank had a shareholders' equity of €200,318,879 and a Tier 1 capital ratio of 8.80% as at 31 December 2013. The administrator from Banca d'Italia had made asset quality review, forcing the bank to make more provision to their non-performing assets.
In 2015 Fondo Interbancario di Tutela dei Depositi had planned to bail-out CariChieti and 3 other banks that were also under A.S., but they were bail-out by Italian National Resolution Fund instead, for a recapitalisation of €2 billion (€141 million for CariChieti). European Commission ruled that the bail out of Banca Tercas by FITD in 2014 was a state aid, while new Bank Recovery and Resolution Directive of EU required to bail-in some investors of the bank before any state intervention.
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