Cariparma

Cassa di Risparmio di Parma e Piacenza S.p.A. known as Cariparma or CR Parma e Piacenza in short, is an Italian bank group, itself a subsidiary of French banking group Crédit Agricole, thus the banking group also refer as Cariparma Crédit Agricole Group. However Cariparma also ranked as the 10th largest bank in Italy as of 2013. The bank serving Emilia-Romagna, Liguria and Friuli-Venezia Giulia, where the predecessor originated, as well as Campania, Lazio, Lombardy, Piedmont, Tuscany, Umbria and Veneto, or half of Italian regions.

Despite not a Cariparma subsidiary but sister company within Crédit Agricole Group, Crédit Agricole Vita places its product through Cariparma banking network.

History

Cassa di Risparmio di Parma was formed in 1860. It merged with other regional bank in the two decades, eventually 10th largest bank in Italy in 2013. In 1960 the bank merged with Monte di Credito su Pegno di Busseto (Mount of Piety of Busseto).

In 1991, due to the reform of Italian banking system, two entity was formed, namely Fondazione Cassa di Risparmio di Parma e Monte di Credito su Pegno di Busseto (Fondazione Cariparma) and Cassa di Risparmio di Parma SpA, which the former served as a non-profit parent entity. In 1992 it acquired Banca Emiliana. In 1993, the bank merged with Cassa di Risparmio di Piacenza e Vigevano, which Fondazione Cariparma held 52% shares of the new company Cassa di Risparmio di Parma e Piacenza S.p.A. only.