Cassa Centrale Banca - Credito Cooperativo Italiano

Cassa Centrale Banca - Credito Cooperativo del Nord Est
Native name	Cassa Centrale Banca - Credito Cooperativo del Nord Est S.p.A.
Formerly	Cassa Centrale delle Casse Rurali Trentine; Cassa Centrale delle Casse Rurali Trentine e delle Banche di Credito del Nord Est;
Company type	Società per Azioni owned by coop companies
Industry	Financial services
Founded	28 February 1974
Founder	133 local banks of Trentino
Headquarters	Trento, Italy
Services	central bank of cooperative banks of Trentino, Veneto and Friuli – Venezia Giulia
Net income
€0019 million	(2016 Group)
€0018 million	(2016 Company)
Total assets
€4.048 billion	(2016 Group)
€4.028 billion	(2016 Company)
Total equity
€0270 million	(2016 Group)
€0240 million	(2016 Company)
Owner
co-operative banks of Trentino (via Centrale Finanziaria del Nord Est)	(68.606%)
DZ Bank	(25%)
Trentino Autonomous Province	(4.963%)
others shareholders	(1.431%)
Parent	Centrale Finanziaria del Nord Est
Subsidiaries
Centrale Leasing Nord Est	(100%)
Centrale Credit & Real Estate Solutions	(100%)
Centrale Soluzioni Immobiliari	(100%)
Casse Rurali – Raiffeisen Finanziaria	(50%)
Nord Est Asset Management	(50%)
Capital ratio
23.82%	(2016 Group CET1 Capital ratio)
24.71%	(2016 Company CET1 Capital ratio)
Rating	Moody's
Website	www.cassacentrale.it
	Footnotes / references; Group data obtained from consolidated financial statement of Centrale Finanziaria del Nord Est (instead of Cassa Centrale Banca), INCLUDING minority interest; company data obtained from separate financial statement of Cassa Centrale Banca;

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

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

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]

Shareholders

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

^ "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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[1] "Company Profile" (PDF) (in Italian). Cassa Centrale Banca - Credito Cooperativo del Nord Est. October 2015. Retrieved 1 April 2016.

[2] "2016 Bilancio Consolidato" (PDF) (in Italian). Centrale Finanziaria del Nord Est. 2017. Retrieved 17 July 2017.

[3] "2016 Bilancio" (PDF) (in Italian). Cassa Centrale Banca. 2017. Retrieved 17 July 2017.

[4] "List of supervised entities" (PDF). European Central Bank. 1 January 2023.

[2017bankinggroup-5] "CASSA CENTRALE BANCA PRESENTA LA CANDIDATURA A CAPOGRUPPO" (Press release) (in Italian). Cassa Centrale Banca. 30 January 2017. Retrieved 17 July 2017.

[6] "NORD EST FUND" (in Italian). Cassa Centrale Banca. Retrieved 17 July 2017.

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