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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.
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Native name | Banca Carim – Cassa di Risparmio di Rimini S.p.A. |
|---|---|
| Company type | Subsidiary (legally incorporated as società per azioni) |
| Industry | Financial services |
| Founded |
|
| Defunct | 2018 |
| Fate | absorbed into the parent company |
| Headquarters | Rimini , Italy |
Number of locations | 68 (2016) |
Area served |
|
| Services | Retail banking |
 (€73 million) (2016) | |
| Total assets | €3,137 million (2016) |
| Total equity | €161 million (2016) |
| Owner | Crédit Agricole Italia |
| Capital ratio | 6.91% (CET1, Dec.2016) |
| Website | www |
| Footnotes / references source[1] | |
The bank was found in 1840 as Cassa di Risparmio di Rimini (Carim in short). Due to Legge Amato, the bank was split into a società per azioni (company limited by shares) and a banking foundation (Fondazione Cassa di Risparmio di Rimini).[2] 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.[3] 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, making the bank had to recapitalise.[4] The bank Tier 1 Capital Ratio and Total Capital Ratio stood at 8.53% and 10.86% at 31 December 2015.[5]
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.[6]
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.[7]
As of 31 December 2016[update], 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,[8] as well as fellow banks Nuova Cassa di Risparmio di Ferrara (0.37968%)[9] and Cassa di Risparmio di Cento.[10]
In 2018, it was announced that the bank would be absorbed into Crédit Agricole Italia, ending its history as a separate entity.[11][12]
- 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
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