Banca Carim
{{more citations needed|date=June 2016}}
{{Infobox company
| name =Banca Carim
| native_name = Banca Carim – Cassa di Risparmio di Rimini S.p.A.
| native_name_lang = it
| former_name =
| logo = File:Banca Carim logo.png
| logo_size =
| logo_alt =
| logo_caption =
| logo_padding =
| image =
| image_size =
| image_alt =
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| type = Subsidiary (legally incorporated as società per azioni)
| founded = {{ubl|1840|1992 (as S.p.A.)}}
| founder =
| fate = absorbed into the parent company
| dissolved = 2018
| hq_location =
| hq_location_city = Rimini
| hq_location_country = Italy
| num_locations = 68
| num_locations_year = 2016
| area_served = {{ubl|Emilia-Romagna|Marche|Umbria|Lazio}}
| key_people =
| industry = Financial services
| products =
| brands =
| services = Retail banking
| revenue =
| revenue_year =
| operating_income =
| income_year =
| net_income = {{decrease}} {{fontcolor|red|(€{{0|00}}73 million)}}
| net_income_year = 2016
| assets = {{decrease}} €3,137 million
| assets_year = 2016
| equity = {{decrease}} €{{0}}161 million
| equity_year = 2016
| owner = Crédit Agricole Italia
| rating =
| ratio = {{decrease}} 6.91% (CET1, Dec.2016)
| website = {{url|http://www.bancacarim.it}}
}}
Banca Carim – Cassa di Risparmio di Rimini S.p.A. was an Italian savings bank based in Rimini, Emilia-Romagna. The bank mainly active in the area around Rimini.
History
The bank was found in 1840 as Cassa di Risparmio di Rimini (Carim in short). Due to {{ill|Legge Amato|it}}, the bank was split into a società per azioni (company limited by shares) and a banking foundation (Fondazione Cassa di Risparmio di Rimini).{{cite web|url=http://www.gazzettaufficiale.it/eli/id/1992/07/23/092A3460/sg|title=Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Rimini|date=23 July 1992|access-date=23 September 2016|publisher=Italian Republic Official Journal|language=Italian}} In 2013, the bank absorbed Banca Etica Adriatica, a bank specialise in ethical banking. The bank had a market share of 22.01% in deposits in the Province of Rimini.
In 2016, the plan to recapitalize €100 million was announced.{{cite web|url=http://www.bancacarim.it/assemblea_ordinaria_e_straordinaria_dei_soci_del_29_marzo_2016|title=Assemblea Ordinaria e Straordinaria dei Soci del 29 marzo 2016|date=29 March 2016|access-date=22 June 2016|publisher=Banca Carim|language=Italian|archive-url=https://web.archive.org/web/20160819133514/http://www.bancacarim.it/assemblea_ordinaria_e_straordinaria_dei_soci_del_29_marzo_2016|archive-date=2016-08-19|url-status=dead}} As a consequence of the Supervisory Review and Evaluation Process of the Bank of Italy, the capital ratios requirement on Carim was increased to 7.80% (CET1), 9.30% (Tier 1) and 11.30% (Total) respectively, causing the bank to recapitalise.Page 48, 2015 Bilancio The bank Tier 1 Capital Ratio and Total Capital Ratio stood at 8.53% and 10.86% at 31 December 2015.{{cite web|url=http://www.bancacarim.it/media/Files/1649_Bilancio%2031%2012%202015.pdf|title=2015 Bilancio|date=10 June 2016|access-date=22 June 2016|publisher=Banca Carim|language=Italian|page=237|archive-url=https://web.archive.org/web/20160819122356/http://www.bancacarim.it/media/Files/1649_Bilancio%2031%2012%202015.pdf|archive-date=19 August 2016|url-status=dead}}
On 13 September 2016 the ordinary shareholders' meeting of the bank approved the proposal of suing the former management team of the bank for faults during 2007 to 2010.{{cite web|url=http://www.bancacarim.it/assemblea_ordinaria_dei_soci_di_banca_carim_spa|title=Assemblea Ordinaria dei Soci di banca Carim S.p.A.|date=14 September 2016|access-date=23 September 2016|publisher=Banca Carim|language=Italian|archive-url=https://web.archive.org/web/20160923100316/http://www.bancacarim.it/assemblea_ordinaria_dei_soci_di_banca_carim_spa|archive-date=23 September 2016|url-status=dead}}
In 2017 it was announced that Crédit Agricole Italia has been interested to acquire the bank, which a process of due diligence was started in the same year. A contract was signed on 29 September, with Fondo Interbancario di Tutela dei Depositi voluntary scheme, which was responsible to recapitalize and clean up the non-performing loans before handover.{{cite press release|url=http://gruppo.credit-agricole.it/comunicati-stampa/cariparma/credit-agricole-cariparma-annuncia-di-aver-sottoscritto-il-contratto-per-l-acquisto-di-una-quota-di-maggioranza-in-cassa-di-risparmio-di-cesena-cassa-di-risparmio-di-rimini-e-cassa-di-risparmio-di-san-miniato|title= Crédit Agricole Cariparma annuncia di aver sottoscritto il contratto per l’acquisto di una quota di maggioranza in Cassa di Risparmio di Cesena, Cassa di Risparmio di Rimini e Cassa di Risparmio di San Miniato. |date=29 September 2017|access-date=20 October 2017|publisher=Crédit Agricole Cariparma|language=Italian}}
Shareholders
{{As of|2016|12|31}}, the banking foundation Fondazione Cassa di Risparmio di Rimini still owned 56% shares as the largest shareholder. Other notable shareholders were Fondazione Cassa di Risparmio di Fano which owned 0.18% shares,{{cite web|url=http://www.fondazionecarifano.it/pdf/bil_cons_2015.pdf|title=2015 Bilancio|date=27 April 2016|access-date=29 September 2016|publisher=Fondazione Cassa di Risparmio di Fano|language=Italian|page=16}} as well as fellow banks Nuova Cassa di Risparmio di Ferrara (0.37968%){{cite web|url=https://www.carife.it/it/download.php?i=3634|title=2016 Bilancio consolidato|date=19 May 2017|access-date=15 June 2017|publisher=Nuova Carife|language=Italian}}{{Dead link|date=June 2019 |bot=InternetArchiveBot |fix-attempted=yes }} and Cassa di Risparmio di Cento.{{cite web|url=https://www.bancacarim.it/media/userfiles/files/Prospetto%20di%20Offerta%20-%20IT0004852403(1).pdf|title=Prospetto di Offerta|date=2012|access-date=14 November 2017|publisher=Banca Carim|language=Italian|archive-url=https://web.archive.org/web/20160327211502/http://www.bancacarim.it/media/userfiles/files/Prospetto%20di%20Offerta%20-%20IT0004852403(1).pdf|archive-date=27 March 2016|url-status=dead}}
In 2018, it was announced that the bank would be absorbed into Crédit Agricole Italia, ending its history as a separate entity.{{cite news|url=http://www.cesenatoday.it/economia/cassa-risparmio-cesena-fusione-ca-cariparma.html|title=Carisp Cesena entra in Cariparma: approvato il progetto di fusione|date=8 February 2018|access-date=14 January 2019|work=Cesena Today|language=Italian}}{{cite news|url=https://www.newsrimini.it/2018/06/addio-carim-l8-settembre-lincorporazione-in-credit-agricole/|title=Addio Carim, l'8 settembre l'incorporazione in Credit Agricole|date=27 June 2018|access-date=14 January 2019|work=News Rimini|language=Italian}}
See also
{{Portal|Banks}}
- Cassa dei Risparmi di Forlì e della Romagna, another Romagna bank
- Cassa di Risparmio di Cesena, another Romagna bank
- Cassa di Risparmio di Ravenna, another Romagna bank
References
{{reflist}}
External links
- {{official site|http://www.bancacarim.it}} {{in lang|it}}
- [http://www.fondcarim.it Official website of the banking foundation] {{in lang|it}}
Category:Banks established in 1840
Category:1840 establishments in the Papal States
Category:Banks disestablished in 2018
Category:2018 disestablishments in Italy
Category:Defunct banks of Italy
Category:Companies based in Rimini