View source for Cassa di Risparmio del Friuli Venezia Giulia

{{Short description|Italian savings bank}}
{{Infobox company
| name = Cassa di Risparmio del Friuli Venezia Giulia
| logo =
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| former_name = Friulcassa S.p.A. Cassa di Risparmio Regionale
| predecessor = {{ubl|Cassa di Risparmio di Udine e Pordenone|Cassa di Risparmio di Gorizia|Monte di Credito su Pegno di Udine}}
| type = subsidiary
| industry = Financial services
| founded = {{start date|2003|12|1|df=yes}}
| founder =
| dissolved = 2018<ref>{{cite press release|url=https://www.group.intesasanpaolo.com/scriptIsir0/si09/investor_relations/eng_comunicati_detail_ir_price_sensitive.jsp?contentId=CNT-05-00000005040AB&title=no|title=Intesa Sanpaolo: mergers of Group companies |date=24 May 2018|accessdate=15 July 2018|publisher=Intesa Sanpolo}}</ref>
| fate = absorbed by Intesa Sanpaolo
| location = {{aligned table|Gorizia, Italy|(registered office)|Udine, Italy|(''de facto'')}}
| num_locations = {{aligned table|{{nowrap|{{decrease}} 92 branches and business centers}}|(end&nbsp;2016)|{{decrease}} 88 branches and business centers|(end&nbsp;2017)}}
| num_employees = {{aligned table|{{decrease}} 883|(end 2016)|{{decrease}} 874|(end 2017)}}
| area_served = Friuli – Venezia Giulia region
| key_people = {{aligned table|Giuseppe&nbsp;Morandini|(chairman, until April&nbsp;2017)|Paolo Baessato|{{nowrap|(chairman, since May 2017)}}|Stefano Baro|(general manager and managing director)}}
| brands =
| services = {{ubl|Retail banking|corporate banking}}
| revenue =
| operating_income =
| net_income = {{aligned table|{{increase}} €{{0|000}}11&nbsp;million|(2016)|{{decrease}} €{{0|0000}}5&nbsp;million|(2017)}}
| assets = {{aligned table|{{increase}} €3.970&nbsp;[[1,000,000,000|billion]]|(2016)|{{increase}} €4.872&nbsp;billion|(2017)}}
| equity = {{aligned table|{{increase}} €{{0}}265&nbsp;million|(2016)|{{increase}} €{{0}}284&nbsp;million|(2017)}}
| owner = [[Intesa Sanpaolo]] (100%)
| parent = [[Intesa Sanpaolo]]
| ratio = {{aligned table|{{increase}} 15.0%|(CET1, end 2016)|{{decrease}} 14.7%|(CET1, end 2017)}}
| rating = {{aligned table|No rating|(Moody's, December 2017)<ref>{{cite press release|url=https://www.moodys.com/research/Moodys-assigns-definitive-rating-to-Italian-RMBS-notes-issued-by--PR_376776|title=Moody's assigns definitive rating to Italian RMBS notes issued by Brera Sec S.r.l.|date=11 December 2017|access-date=23 December 2017|publisher=Moody’s Investors Service|location=Milan}}</ref>|Baa1/P-2|(parent company rating, Moody's, December 2017)}}
| website = {{url|www.carifvg.it}}
| footnotes = sources<ref>{{cite web|url=http://www.group.intesasanpaolo.com/scriptIsir0/si09/contentData/view/Bilancio_CARIFVG_2016_web.pdf?id=CNT-05-00000004D9285&ct=application/pdf|title=2016 Bilancio|access-date=23 December 2017|date=2017|publisher=Cassa di Risparmio del Friuli Venezia Giulia|language=Italian}}</ref><ref>{{cite web|url=https://www.group.intesasanpaolo.com/scriptIsir0/si09/contentData/view/CR%20Friuli%20Venezia%20Giulia%20-%20Bilancio%2031%2012%202017.pdf?id=CNT-05-0000000501B73&ct=application/pdf|title=2017 Bilancio|date=2018|access-date=15 July 2018|publisher=Cassa di Risparmio del Friuli Venezia Giulia|language=Italian}}</ref>
}}
'''Cassa di Risparmio del Friuli Venezia Giulia [[società per azioni|S.p.A.]]''', known as '''CariFVG''' in short, was an Italian savings bank based in [[Gorizia]], Friuli – Venezia Giulia region.
==Predecessors==
===Cassa di Risparmio di Gorizia===
'''Cassa di Risparmio di Gorizia''' was found on 1831 in [[Gorizia and Gradisca]], in the [[Austrian Empire]] by the Count Giuseppe/Joseph ([[della Torre]]) [[Thurn und Taxis|von Thurn]] Hofer und Valsassina.<ref>{{cite web|url=http://www.fondazionecarigo.it/cms/data/pages/000001.aspx|title=Dal Monte di Pietà alla Cassa di risparmio di Gorizia|access-date=21 March 2016|publisher=Fondazione Cassa di Risparmio di Gorizia|language=Italian|archive-url=https://web.archive.org/web/20160319103553/http://www.fondazionecarigo.it/cms/data/pages/000001.aspx|archive-date=19 March 2016|url-status=dead}}</ref> Due to [[Legge Amato]], the bank formed a subsidiary Cassa di Risparmio di Gorizia S.p.A. (a company limited by shares; {{langx|it|[[società per azioni]]}}), with the original corporation became a private entity Fondazione Cassa di Risparmio di Gorizia. (Decree of the Ministry of the Treasury on 26 June 1992; gazetted on 22 July 1992)<ref>{{cite web|url=http://www.gazzettaufficiale.it/eli/id/1992/07/22/092A3445/sg|title=Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Gorizia|date=22 July 1992|access-date=20 March 2016|publisher=Italian Republic Official Gazette|language=Italian|author=Ministry of the Treasury}}</ref>
===Cassa di Risparmio di Udine e Pordenone===
A predecessor of Cassa di Risparmio di Udine e Pordenone was formed in 1496 as a [[mount of piety]] ({{langx|it|monte di pietà}}), by a Franciscan Domenico da Ponzone,<ref>{{cite web|url=http://www.treccani.it/enciclopedia/domenico-da-ponzone_%28Dizionario-Biografico%29/|title=PONZONE, Domenico da|work=[[Treccani]]|language=Italian|access-date=2 December 2017}}</ref> in the [[Republic of Venice]], 34 years after the [[Monte di Pietà di Perugia|first recorded mount of Italy]] was founded in Perugia, by other [[Franciscans]], Bernardine of Feltre and Michele Carcano, in the Papal States.<ref>{{cite book|last=Toaff|first=Ariel|date=2004|chapter=Jews, Franciscans, and the First Monti di Pietà in Italy (1462–1500)|editor-first1=Steven J.|editor-last1=McMichael|editor-first2=Susan E.|editor-last2=Myers |url=https://books.google.com/books?id=RTUugDNpMzYC |title=Friars and Jews in the Middle Ages and Renaissance|page=239|location=Leiden|publisher=Koninklijke Brill|isbn=90-04-11398-3 }}</ref>
The first savings bank ({{langx|it|cassa di risparmio}}) of the city was formed in 1822 but soon ceased business.<ref name=mappastoricaUdine/>
In 1876 '''Cassa di Risparmio di Udine''' was re-established as an autonomous entity on the basis of a branch of [[Cassa di Risparmio delle Provincie Lombarde]].<ref name=mappastoricaUdine/>
In 1928, due to the royal decree-law No.269 of 1927,<ref>{{cite news|url=http://augusto.agid.gov.it/gazzette/index/download/id/1927058_P1|title=REGIO DEORETO-LEGGE 10 febbraio 1927, n. 269.|date=11 March 1927|orig-year=written on 10 February 1927; digitized on 15 November 2008|issue=58|pages=1067–1070|volume=68|newspaper=Gazzetta Ufficiale|language=Italian|publication-place=Rome|format=PDF|via=Agenzia per l'Italia Digitale}}</ref> (law no.2587 of 1927<ref>{{cite news|url=http://augusto.agid.gov.it/gazzette/index/download/id/1928015_P1|title=LEGGE 29 dicembre 1927, n. 2587 {{!}} Conversione in legge del R. decreto-legge 10 febbraio 1927, n. 269, recante modificazioni alle norme vigenti sull'ordinamento delle Casse ordinarie di risparmlose del Monti di pietà di 1ª categoria|date=19 January 1928|orig-year=written on 29 December 1927; digitized on 1 November 2008|issue=15|pages=263–267|volume=69|newspaper=Gazzetta Ufficiale|language=Italian|publication-place=Rome|format=PDF|via=Agenzia per l'Italia Digitale}}</ref>) which promoted merger of banks if they did not pass a threshold of size, the savings bank acquired the mounts of piety located in [[San Daniele del Friuli]] and [[Cividale del Friuli]].<ref name=mappastoricaUdine/>
During World War II, in 1942, the mount, as that time known as its new name Monte di Credito su Pegno di Udine, was merged to the savings bank.<ref>{{cite news|url=http://augusto.agid.gov.it/gazzette/index/download/id/1942267_P1|title=Regio Decreto N°1272/1942|date=11 November 1942|orig-year=written on 24 August 1942, digitized on 21 January 2009|access-date=24 November 2017|newspaper=Gazzetta Ufficiale|language=Italian|format=PDF|publication-place=Rome|page=4590|issue=267|volume=83|via=Agenzia per l'Italia Digitale}}</ref>
It was renamed to '''Cassa di Risparmio di Udine e Pordenone''' in 1968 (same year as the foundation of the [[Province of Pordenone]], which was split from the Province of Udine).<ref name=mappastoricaUdine>{{cite web|url=http://www.intesasanpaolo.mappastorica.com/profili/047.html |title=Cassa di Risparmio di Udine e Pordenone|accessdate=2016-04-06 |url-status=dead |archiveurl=https://web.archive.org/web/20160417031805/http://www.intesasanpaolo.mappastorica.com/profili/047.html|website=mappastorica.com|publisher=Intesa Sanpaolo |archivedate=2016-04-17 }}</ref>
By a decree of the Ministry of the Treasury, Cassa di Risparmio di Udine e Pordenone S.p.A. was formed in 1991 and the original statutory corporation became Fondazione Cassa di Risparmio di Udine e Pordenone (now Fondazione Friuli). The limited company immediately recapitalized, which [[Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona]] owned 25% stake of the share capital after increase.<ref>{{cite web|url=http://www.gazzettaufficiale.it/eli/id/1991/12/30/091A5856/sg|title=Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Udine e Pordenone ai sensi della legge 30 luglio 1990, n. 218 e del decreto legislativo 20 novembre 1990, n. 356.|date=30 December 1991|access-date=20 March 2016|publisher=Italian Republic Official Gazette|language=Italian|author=Ministry of the Treasury}}</ref>
===As subsidiaries of Casse Venete Banca===
The two foundations of the savings banks, along with banking foundations from [[Fondazione di Venezia|Venice]] and [[Fondazione Cariparo|Padova–Rovigo]], formed a common holding company [[Casse Venete Banca]]. The holding merged with [[Casse Emiliano Romagnole]] in 2000 to form [[Cardine Banca]] and in 2002 the group merged with [[Sanpaolo IMI]]. During the period the two savings banks remained as two separate subsidiaries.
==History==
On 1 December 2003 '''Friulcassa S.p.A. Cassa di Risparmio Regionale''' was formed by the merger of the two savings banks.<ref>{{cite web|url=http://www.gazzettaufficiale.it/eli/id/2003/10/08/IG-655/p2|title= CASSA DI RISPARMIO DI GORIZIA - S.p.a.|date=8 October 2003|access-date=20 March 2016|publisher=Italian Republic Official Gazette|language=Italian}}</ref> The bank later renamed as '''Cassa di Risparmio del Friuli Venezia Giulia S.p.A.''' in 2007. In the same year the parent company [[Sanpaolo IMI]] also merged with [[Banca Intesa]]. The merger also triggered the group sold another subsidiary [[FriulAdria]] to [[Crédit Agricole]] due to Crédit Agricole withdrew as the shareholders of Intesa, as well as to avoid monopoly market share in the region. However, the group was still not allowed to open new branches in the Province of Udine and Gorizia for two years.<ref>{{cite web|url=http://www.agcm.it/component/domino/download/41256297003874BD/C5EF609B3245D345C125725700564791.html?a=p16249.pdf|title=Provvedimento N°16249 (C8027) - Banca Intesa / Sanpaolo IMI|date=20 December 2006|access-date=5 March 2016|publisher=Autorità Garante della Concorrenza e del Mercato|language=Italian|archive-url=https://web.archive.org/web/20160305152342/http://www.agcm.it/component/domino/download/41256297003874BD/C5EF609B3245D345C125725700564791.html?a=p16249.pdf|archive-date=5 March 2016|url-status=dead}}</ref>
On 22 December 2017, after Intesa Sanpaolo acquired [[Banca Popolare di Vicenza]] and [[Veneto Banca]], the banking group announced that Cassa di Risparmio del Friuli Venezia Giulia would be absorbed into Intesa Sanpaolo as branches.
==See also==
{{Portal|Banks}}
* [[Cassa di Risparmio di Trieste]], fellow Friuli – Venezia Giulia savings bank
* [[Banca Popolare Udinese]]
* [[Banca Popolare di Pordenone]]
==References==
;general
* {{cite web|url=http://www.group.intesasanpaolo.com/scriptIsir0/si09/chi_siamo/ita_cassa_risparmio_friuli_venezia_giulia.jsp|title=Cassa di Risparmio del Friuli Venezia Giulia|date=16 December 2010|access-date=21 March 2016|publisher=Intesa Sanpaolo|language=Italian}}
;specific
{{Reflist|30em}}
==External links==
* {{Official website|www.carifvg.it}}
{{Authority control}}
[[Category:Banks established in 2003]]
[[Category:Italian companies established in 2003]]
[[Category:Banks disestablished in 2018]]
[[Category:Italian companies disestablished in 2018]]
[[Category:Defunct banks of Italy]]
[[Category:Companies based in Udine]]
[[Category:Companies based in Gorizia]]
[[Category:Former Intesa Sanpaolo subsidiaries]]
[[Category:Cardine Banca]]
[[Category:Sanpaolo IMI]]
[[Category:Mounts of piety]]