Cassa di Risparmio delle Provincie Lombarde

Cassa di Risparmio delle Provincie Lombarde known as Cariplo SpA, was an Italian bank. On 2 January 1998 the bank merged with Banco Ambrosiano Veneto to form Banca Intesa.

History

The bank was formed on 12 June 1823 by the count Giovanni Pietro Porro, in Kingdom of Lombardy–Venetia, decades before the unification of Italy. Situated in industrialized Northern Italy, the Lombard firm had become one of the major bank in Italy. In 1926 the bank absorbed Cassa di Risparmio di Voghera and Cassa di Risparmio di Novara in 1928.

In December 1991, due to Legge Amato, the bank, as S.p.A., and Fondazione Cariplo were formed to separate ownership, charity and daily banking operation.

The bank also started its own expansion strategy 1990s, which acquired shares of the saving banks of Alessandria, Carrara and Spezia to form Carinord Holding SpA in 1995, (Ca.Ri."Nord", a joint venture of the owners of Alessandria, Carrara and Spezia and Cariplo) as well as Calabria e Lucania (Carical), Puglia (Caripuglia), Salernitana (Carisal) (the formation of Banca Carime). In the central Italy, the province of Viterbo, Rieti, Città di Castello, Ascoli (25%), Foligno (18.34%), Spoleto and Caripe (20%) were acquired. Other banks acquired were Banca Monte Parma (20.5%), German bank Bankhaus Löbbecke and Hungarian bank Európai Kereskedelmi Bank.