Company Overview of Cassa di Risparmio di Parma e Piacenza S.p.A.
Cassa di Risparmio di Parma e Piacenza S.p.A. provides banking services to individual consumers, households, small businesses, and large-size companies in Italy. It operates through Retail and Private Banking, Corporate Banking, and Other segments. The company offers current accounts, demand deposits, and fixed term deposits; and mortgage loans and other loan products. It also provides insurance, real estate, payments, asset management, vehicle financing, leasing and factoring, consumer finance, and corporate and investment banking services. The company was founded in 1860 and is based in Parma, Italy. Cassa di Risparmio di Parma e Piacenza S.p.A. is a subsidiary of Credit Agricole S.A.
Via Università, 1
Parma, PR 43121
Founded in 1860
Key Executives for Cassa di Risparmio di Parma e Piacenza S.p.A.
Chief Executive Officer, Director and Member of Executive Committee
Head of Communications Division
Compensation as of Fiscal Year 2015.
Cassa di Risparmio di Parma e Piacenza S.p.A. Key Developments
Cariparma Announces Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2015
Sep 3 15
Cariparma announced unaudited consolidated earnings results for the second quarter and first half ended June 30, 2015. For the quarter the company announced revenues of EUR 449 million, gross operating income of EUR 214 million, pre-tax income of EUR 115 million, net income of EUR 74 million.
For the first half the company reported revenue of EUR 867 million compared to EUR 809 a year ago. The revenue was driven by both fee and commission income (up 11.6%) due to strong momentum in off-balance sheet savings, and by an increase in the net interest margin net income of EUR 128 million compared to EUR 90 million a year ago.
Cariparma Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Aug 4 14
Cariparma announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of EUR 416 million and net income group share of EUR 41 million.
For the six months, the company reported revenues of EUR 809 million and net income group share of EUR 65 million.
Banca Etruria Reportedly Planning To Create Alliance With Cariparma Credit Agricole
Jul 10 14
Banca Popolare dell'Etruria e del Lazio - Società Cooperativa (BIT:PEL) (Banca Etruria) is planning to form an alliance with Cassa di Risparmio di Parma e Piacenza SpA (Cariparma Credit Agricole). MF-Milano Finanza reported without quoting sources that the advisers of Banca Etruria have launched informal contacts to sound out Cariparma Credit Agricol for a possible alliance. After Banca d'Italia SpA had recommended that Banca Etruria should find a financial partner, Etruria said in early 2014 that it would be seeking a merger with a ‘high standing’ banking group. The news report mentioned that Banca Popolare Di Vicenza S.C.p.A. recently launched a friendly offer for Banca Etruria, but the parties did not reach a deal and broke off talks in June 2014. Banca Etruria's top management are said to be favoring a merger with Cariparma Credit Agricole. The newspaper added that however, Credit Agricole S.A.’s (ENXTPA:ACA) 2014 - 2015 business plans do not entail acquisitions. Banca Popolare di Bari, Società cooperativa per Azioni and Banca popolare dell'Emilia Romagna, Società cooperativa. (BIT:BPE) are also circulating as potential alliances for Banca Etruria.
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