Cassa Depositi e Prestiti: Investimenti e Finanziamenti per gli Enti

Cassa Depositi e Prestiti offers a range of investment options for entities, including public administrations and private companies.

These investments are designed to provide stable returns and support the country's economic growth.

One of the key investment products is the "Titoli di Stato" or government bonds, which are backed by the Italian government.

This type of investment is considered low-risk and provides a fixed return.

Cassa Depositi e Prestiti also provides financing options for entities, including loans and guarantees.

These financing options can be used to support business growth and development.

The bank has a long history of supporting the Italian economy and has provided financing to numerous entities over the years.

Its expertise and experience make it a trusted partner for entities seeking investment and financing solutions.

Cassa Depositi e Prestiti has a rich history that dates back to 1855, when it was established as a state-owned bank.

The bank's primary mission was to provide financing for infrastructure projects and support the economic development of Italy.

Cassa Depositi e Prestiti played a crucial role in the country's industrialization and economic growth, especially during the late 19th and early 20th centuries.

In the 1990s and 2000s, a significant shift occurred in Italy's economic landscape. The country's privatization policies changed dramatically, impacting the banking and financial systems.

Italy is the only country in the world that has gone from having a 74.5% public control over banks in the 1980s to having zero public control today.

La CDP - Cassa depositi e prestiti è un'istituzione che offre servizi a diverse categorie di utenti. La sua missione è di erogare finanziamenti, prestiti e mutui alle imprese, agli enti comunali e ai cittadini.

La CDP si occupa di attività bancarie, come l'erogazione di fondi per vari scopi. Il suo sito internet riporta in modo chiaro le tre destinazioni delle sue attività: servizi per i risparmiatori, per le aziende e per la pubblica amministrazione.

La CDP offre servizi ai cittadini, alle imprese e alle realtà del settore pubblico. Gli enti comunali sono tra gli utenti beneficiari dei suoi servizi.

Cassa Depositi e Prestiti (CDP) is a unique financial institution with a wide range of activities. It offers prestiti to local entities and businesses, participates in the capital of medium and large national companies, and finances industrial and financial projects that are deemed relevant for Italy's economic growth.

CDP's main activities are divided into two distinct branches: gestione ordinaria and gestione separata. The gestione ordinaria branch focuses on providing financing for projects that benefit the public, such as infrastructure development, research, and innovation. This branch also supports the growth of businesses, both in Italy and abroad.

In the gestione separata branch, CDP provides financing for public entities, including the government, regions, and local authorities, for projects that are deemed to be of public interest. These projects include infrastructure development, internationalization of businesses, and export promotion.

CDP's financing activities are supported by various sources, including funds from the capital markets or banking system, and by the issuance of securities. In some cases, the Italian state provides a guarantee for these funds.

CDP's focus on innovation is evident in its various activities, including the provision of financing for research and development, and the support of start-ups and small and medium-sized enterprises (SMEs). The CDP Venture Capital SGR, established in 2020, is a prime example of this focus, with a budget of one billion euros to support innovative businesses.

Some of the key activities of CDP include:

Cassa Depositi e Prestiti (CDP) è una società per azioni controllata dallo Stato italiano, nata a Torino nel 1850 per ricevere depositi come "luogo di fede pubblica". La sua funzione è stata allargata nel 1857 per includere anche il finanziamento degli Enti pubblici.

La CDP ha due principali attività: la gestione separata, che si occupa del finanziamento degli investimenti statali, e la gestione ordinaria, che riguarda la distribuzione di fondi per progetti che non rientrano nei requisiti della gestione separata. La raccolta di fondi per finanziare le attività di gestione separata avviene soprattutto attraverso l'emissione di Buoni Fruttiferi Postali e Libretti di Risparmio, che godono della garanzia diretta dello Stato.

La CDP può finanziare direttamente infrastrutture e operazioni a sostegno dell'economia che coinvolgono aziende private, se soddisfano quattro requisiti vincolanti: devono essere promossi da soggetti pubblici, devono essere di interesse generale, devono presentare adeguato merito di credito, e devono offrire sostenibilità economico-finanziaria.

La CDP ha anche intrapreso attività di partecipazione a fondi di private equity, destinati alle infrastrutture nazionali e internazionali, e la valorizzazione del patrimonio immobiliare pubblico.

Ecco i principali servizi offerti dalla CDP per le imprese:

La CDP offre anche servizi per gli enti locali, tra cui:

Inoltre, la CDP ha creato il Fondo Italiano per l'innovazione CDP Venture Capital SGR, con un miliardo di euro di disponibilità, per sostenere gli investimenti nelle start up in tutte le fasi di sviluppo aziendale.

Cassa Depositi e Prestiti's participations and ratings are a key aspect of its operations. The bank has a significant presence in the Italian financial sector, with a 99.3% stake in the Italian banking system.

Its rating is also noteworthy, with a solid investment grade of BBB+ from Standard & Poor's, indicating a low credit risk. The bank's strong financial position and stable management have contributed to this rating.

In terms of participation, the bank has a significant role in various Italian financial institutions, including the Italian Stock Exchange and the Italian Savings Banks Association.

Long-term Rating is a crucial aspect of Partecipazioni e Rating. It's a measure of how well a company or investment will perform over an extended period, typically 3-5 years or more.

The rating is based on various factors, including financial health, management quality, and industry trends. In the article, we saw how a company's debt-to-equity ratio can significantly impact its long-term rating.

A higher debt-to-equity ratio can lead to a lower long-term rating, as it indicates a higher risk of default. For instance, in the article, we analyzed a company with a debt-to-equity ratio of 2:1, which resulted in a lower rating.

On the other hand, a lower debt-to-equity ratio can lead to a higher long-term rating, as it indicates a lower risk of default. As shown in the article, a company with a debt-to-equity ratio of 1:2 received a higher rating.

Long-term rating also considers the company's management quality, including its ability to adapt to changing market conditions. In the article, we saw how a company with a strong management team received a higher long-term rating.

Industry trends and outlook also play a significant role in determining long-term rating. A company operating in a growing industry is likely to receive a higher rating than one in a declining industry.

Equity is a crucial aspect of CDP's investments. CDP Equity is a holding company with a capital of 2.9 billion euros.

It focuses on investing in strategic Italian companies that contribute to Italy's growth. CDP Equity offers capital and participates in key businesses that drive Italy's development.

CDP Equity's investments are a vital part of CDP's overall strategy. The company's focus on Italian businesses is a key factor in its success.

Here's a breakdown of CDP's equity holdings:

Cassa Depositi e Prestiti has consistently shown a positive trend in its financial performance. The utility of consolidated exercise has been steadily increasing, reaching 5.0 million euros in 2023.

The company's financial situation is stable, with a consolidated net worth of 41.8 million euros in 2023. This is a significant improvement from 2022, when the net worth was 39.7 million euros.

The total active resources of the company have been fluctuating over the years, but the trend is generally upward. In 2023, the total active resources stood at 475.0 million euros.

Here's a breakdown of the company's financial performance over the past few years:

The company's ability to mobilize resources has also been improving, with a significant increase in 2022 compared to 2021.

Cassa Depositi e Prestiti has undergone a significant transformation, evolving from a public entity to a holding company with diverse subsidiaries. This change has enabled CDP to operate on a global scale, pursuing profit-oriented investments.

The company's investments are now focused on the private market, with CDP Equity investing in various Italian companies. CDP Reti, another subsidiary, holds significant stakes in Snam, Italgas, and Terna, aiming to support the development of gas and electricity infrastructure.

The Consiglio d'amministrazione, or Board of Directors, is responsible for overseeing CDP's operations. The current members were appointed in July 2024, with Giovanni Gorno Tempini serving as President and Dario Scannapieco as Amministratore delegato. The Board consists of 14 members, including Consiglieri and Consiglieri Gestione Separata, each bringing their expertise to the table.

Cassa Depositi e Prestiti is a financial entity that has undergone a significant transformation, shifting from a public service to a holding company with diverse investments. It now operates on a global scale, focusing solely on profit.

The entity was previously a public institution serving communities for over 140 years. Today, it controls various companies, including Cdp Equity, which invests in the Italian private market. Cdp Equity acts as a minority shareholder in listed and unlisted companies, as well as through investment companies managed by third parties.

Cdp Reti is another significant investment arm of Cassa Depositi e Prestiti, holding stakes in Snam (31.35%), Italgas (26.01%), and Terna (29.85%). Its goal is to support the development of gas transportation, regasification, storage, and distribution infrastructure, as well as electricity infrastructure.

Cassa Depositi e Prestiti has multiple branches, including Simest, Fintecna, Cdp Immobiliare, and Cdp Real asset Sgr. These entities invest in housing, public asset valorization, tourism, and other sectors.

The Consiglio D'Amministrazione of CDP is made up of members appointed by the Ministry of Economy and Finance and Foundations on July 15, 2024.

The members were confirmed by the Consiglio D'Amministrazione on July 17, 2024, with Dario Scannapieco as the designated CEO.

Giovanni Gorno Tempini is the President of the Consiglio D'Amministrazione.

The Consiglio D'Amministrazione has a total of 14 members, including 10 Consiglieri and 4 Consiglieri Gestione Separata.

Here is a list of the members of the Consiglio D'Amministrazione: