Native name | Cassa Centrale Banca - Credito Cooperativo del Nord Est S.p.A. | ||||||||||
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Formerly |
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Company type | Società per Azioni owned by coop companies | ||||||||||
Industry | Financial services | ||||||||||
Founded | 28 February 1974[1] | ||||||||||
Founder | 133 local banks of Trentino | ||||||||||
Headquarters | , | ||||||||||
Services | central bank of cooperative banks of Trentino, Veneto and Friuli – Venezia Giulia | ||||||||||
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Total assets |
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Total equity |
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Owner |
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Parent | Centrale Finanziaria del Nord Est | ||||||||||
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Rating | Moody's | ||||||||||
Website | www | ||||||||||
Footnotes / references
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Cassa Centrale Banca - Credito Cooperativo del Nord Est S.p.A. is a coordinating institute of the cooperative banks (rural credit unions) of Trentino, based in Trento, Trentino, Italy. Some cooperative banks (rural credit unions) of Veneto and Friuli-Venezia Giulia are also members.
Cassa Centrale Banca has been designated in 2019 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank.[4]
History[edit]
In 2017 the central institution applied to be one of the central banks for proposed co-operative banking groups of whole Italy.[5] 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.[5]
Joint ventures[edit]
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).[6]
[edit]
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 for the member banks to have a controlling influence in the central institute.
References[edit]
- ^ "Company Profile" (PDF) (in Italian). Cassa Centrale Banca - Credito Cooperativo del Nord Est. October 2015. Retrieved 1 April 2016.
- ^ "2016 Bilancio Consolidato" (PDF) (in Italian). Centrale Finanziaria del Nord Est. 2017. Retrieved 17 July 2017.
- ^ "2016 Bilancio" (PDF) (in Italian). Cassa Centrale Banca. 2017. Retrieved 17 July 2017.
- ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
- ^ a b "CASSA CENTRALE BANCA PRESENTA LA CANDIDATURA A CAPOGRUPPO" (Press release) (in Italian). Cassa Centrale Banca. 30 January 2017. Retrieved 17 July 2017.
- ^ "NORD EST FUND" (in Italian). Cassa Centrale Banca. Retrieved 17 July 2017.
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