Cardine Banca S.p.A. was an Italian banking group that operated between 2000 and 2002. It was acquired by Sanpaolo IMI an banking and insurance conglomerate.

Cardine Banca
Native name
Cardine Banca S.p.A.
Company typeprivate Società per Azioni
IndustryFinancial services
Predecessor
Founded2000 (2000)
Defunct2002 (2002)
FateAcquired by Sanpaolo IMI
HeadquartersPalazzo di Residenza, 22 via Farini,
Bologna
,
Italy
Decrease €185.473 million (2001)
Total assetsIncrease €43.062 billion (2001)
Total equityIncrease €3.502 billion (2001)
Footnotes / references
in consolidated basis[1]

History

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The bank was founded in 2000 by the merger of Casse Emiliano Romagnole and Casse Venete Banca. On 1 June 2002 the group was acquired by Sanpaolo IMI in an all shares deal.[2]

In 2000 Banca Agricola di Gorizia was sold to Banca Popolare di Cividale.[3]

In 2002, the European Investment Bank advanced a €200.37 million loan to the banking group, as part of a subsidized loan to small and medium-sized enterprises and small and medium-sized infrastructure projects.[4]

Subsidiaries

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References

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  1. ^ Cardine Banca S.p.A. bilancio (financial report and accounts) on 31 December 2001, PDF purchased from Italian C.C.I.A.A. (in Italian)
  2. ^ "2002 Annual Report" (PDF). Sanpaolo IMI. 19 June 2003. Retrieved 21 April 2016.
  3. ^ "Offerta pubblica di acquisto e di scambio su azioni ordinarie della Banca Agricola di Gorizia" (PDF). Banca Popolare di Cividale (in Italian). CONSOB archive. 2000. Archived from the original (PDF) on 3 April 2015.
  4. ^ "EIB: eur 237 mln to Cardine Banca for Italy's SMEs and small and medium-sized infrastructure projects". European Investment Bank. 28 May 2002. Retrieved 21 April 2016.