Cassa di Risparmio di Ferrara: A Bank with a Rich Heritage

Cassa di Risparmio di Ferrara has a long history dating back to 1473, when it was founded by the city of Ferrara as a savings bank.

The bank was originally established to provide financial services to the local population and to support economic development in the region.

In its early years, Cassa di Risparmio di Ferrara played a crucial role in the growth of Ferrara's economy, providing loans to local businesses and individuals.

By the 19th century, the bank had expanded its services to include deposit accounts and other financial products, making it a major financial institution in the region.

Broaden your view: Cassa Depositi E Prestiti

Cassa di Risparmio di Ferrara was founded in 1838 by Count Alessandro Masi.

The bank was one of the oldest savings banks in Italy, after Bologna, Spoleto, and Rome. It was initially established to serve the needs of the local community and provide economic security.

From 1927 to 1942, the bank acquired several local credit institutions, including Cassa di Risparmio di Copparo and Banca Mutua Popolare di Bondeno.

In 1991, the bank's daily operations and ownership were split into a società per azioni and Fondazione Cassa di Risparmio di Ferrara (Fondazione Carife).

Carife was the main shareholder of the bank, and it used its profits to fund the restoration of historic buildings in Ferrara, such as the Church of San Cristoforo alla Certosa.

In the 2000s, the bank underwent a significant transformation, with the acquisition of several new institutions, including Banca di Treviso and Credito Veronese.

By 2012, Carife had merged with many of its subsidiaries, including Banca Modenese, Banca di Credito e Risparmio di Romagna, and Finproget.

The bank continued to operate under the name Carife until 2017, when it was acquired by BPER Banca.

The banking foundation associated with Cassa di Risparmio di Ferrara is known as Fondazione Carife. It's an Italian charity organization based in Ferrara.

Fondazione Carife was the old legal person of the savings bank Cassa di Risparmio di Ferrara, which was required to be incorporated as a società per azioni in 1992.

This separation allowed the charity function to be kept separate from the banking activity. The foundation had a significant amount of assets, with a net value of €55,140,130 as at 31 December 2014.

However, including the shares of the bank, the foundation's total accounting value was €72,415,205.53. This shows the foundation's substantial stake in the bank.

Fondazione Carife supported several restoration projects, including the restoration of Santa Maria in Vado, Ferrara, and a painting by Bastianino in Ferrara Cathedral.

Here are some of the foundation's investments in other companies:

The foundation also invested in Compagnia Investimenti Sviluppo (0.98490%) and Interporto di Rovigo (0.56123%).

Cassa di Risparmio di Ferrara's ownership structure was quite complex, but let's break it down. Fondazione Cassa di Risparmio di Ferrara was the majority owner, holding 54.82% of the shares.

Banca Popolare di Cividale and Banca Popolare di Puglia e Basilicata also had a stake in the bank, owning 0.72% and 0.23% shares respectively.

The bank's ownership was not limited to these two entities, as Banca Popolare di Bari and Banca Valsabbina also had shares, although they didn't disclose their exact ownership ratio.

However, it's worth noting that these banks did write down the value of their shares in the 2013 financial year.

Here's a summary of the bank's ownership structure:

145 persone: è questo il numero preciso di coloro che usciranno dalla Cassa di risparmio di Ferrara grazie alle possibilità.

This number indicates the significant impact of the opportunities being offered.

The exact number of people leaving the Cassa di risparmio is a precise 145, according to the information provided.