Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia (formerly Banca Carige Spa)

Banca Carige was founded in 1483 in Genova. CaRiGe stands for 'Cassa di Risparmio di Genova e Imperia'. Banca Carige provides banking products and services mainly to individuals, families and small- and medium-sized enterprises. Banca Carige is the parent company for Banca Carige Group.

Bank Category

Savings banks

Services

Retail Banking
Private Banking
Asset Management
Insurance

Financials

Total Assets (2017)
24 136.92 mln EUR  (-4.17%)
Net Income (2017)
-385 985 000.00 EUR  (+23.08%)
Number of Employees (2017)
4 445  (-4.74%)

Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia is the 18th largest bank in Italy in terms of total assets. In 2017 its total assets were 24 136,92 mln EUR, providing the bank with the market share of 0.92%. In 2017 the bank's net income was -385,99 mln EUR. Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia had 4 445 employees in 2017.

Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BB (speculative). Long-term credit rating assigned to the bank by Moody's is B3 (highly speculative).

Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia participates in deposit guarantee scheme of Italy. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

VIA CASSA DI RISPARMIO, 15, 16123, GENOVA, Italy

Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia is located in GENOVA.

Bank Identifiers

BIC (SWIFT)
CRGEITGGXXX
MFI ID
IT0000807584025

Business Summary

Services
retail banking
private banking
asset management
insurance
Products
current accounts
debit cards
credit cards
prepaid cards
savings accounts
time deposit accounts
consumer loans
mortgage loans
mutual funds
pension funds

Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia provides products and services in the areas of retail banking, private banking, asset management, insurance. The range of products offered by Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia includes current accounts, debit cards, credit cards, prepaid cards, savings accounts, time deposit accounts, consumer loans, mortgage loans, mutual funds, pension funds.

Financial Positions

Total Assets (2017)
24 136.92 mln EUR  (-4.17%)

In 2017 total assets of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia were 24 136.92 mln EUR. Decline compared to the previous period (2016) was -4.17%.

Recent changes in total assets of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia and its main components are shown in Table 1.

2016 2017 % change
Loans to customers 17 597.9 15 949.4 -9.37%
Total Assets 25 187.0 24 136.9 -4.17%
Table 1. Recent changes in total assets of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia (mln EUR).

Recent changes in total liabilities of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia and its main components are shown in Table 2.

2016 2017 % change
Deposits 18 482.9 15 958.7 -13.66%
Total Liabilities 25 187.0 24 136.9 -4.17%
Table 2. Recent changes in total liabilities of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia (mln EUR).

Profit and Loss

Net Income (2017)
-385 985 000.00 EUR  (+23.08%)

Recent changes in gross profit of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia and its main components are shown in Table 3.

2016 2017 % change
Net Interest Income 249.8 224.5 -10.14%
Net Commission Income 306.5 291.9 -4.76%
Table 3. Recent changes in gross profit of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia (mln EUR).

In 2017 net income of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia was -385 985 000.00 EUR. Growth compared to the previous period (2016) was 23.08%.

Number of Employees

Number of Employees (2017)
4 445  (-4.74%)

In 2017 there were 4 445 employees of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia. Decline compared to the previous period (2016) was -4.74%.

Market Share and Rank (among banks in Italy)

Total Assets (2017)
18th (market share 0.92%)

In 2017 Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia was ranked the 18th largest bank in Italy in terms of total assets, having 0.92% of the domestic market share.

Market share of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia (among banks in Italy)

Chart 1. Market share of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia (among banks in Italy)

Several banks having the market shares and ranks closest to Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia are shown below.

RankNameTotal AssetsMarket Share
17Banco di Napoli S.p.a.30483.68 mln EUR1.16%
18Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia24136.92 mln EUR0.92%
19Deutsche Bank S.p.a.23876.61 mln EUR0.91%
 

Credit Ratings (as of May 2018)

Fitch Moody's
BB (speculative) B3 (highly speculative)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia is rated by Fitch and Moody's.

Credit ratings assigned to Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia it is set to BB (speculative), outlook is negative (may be lowered). The rating is not on watch. Short-term issuer default rating for Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia is set to B (speculative short-term credit quality).

Long-Term Issuer Default Rating  BB
    Outlook  negative
    On Watch  No
Short-Term Issuer Default Rating  B
Viability Rating  b-
Support Rating  3
Support Rating Floor  BB

Viability rating for Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia is set to b- (highly speculative fundamental credit quality); support rating is 3 (moderate probability of support); support rating floor is BB (speculative).

Moody's

Long-term rating for Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia it is set to B3 (highly speculative). Long-term bank deposit rating is B3 (highly speculative). Baseline credit assessment is caa1. Short-term rating is not assigned.

Long-Term Rating  B3
Long-Term Bank Deposit Rating  B3
Baseline Credit Assessment  caa1
Short-Term Rating  -
Outlook  negative

Outlook for the ratings of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia is set to negative (may be lowered).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Italy are obliged to participate in Italian deposit guarantee scheme.

In the case of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  repayable funds acquired by banks in the form of deposits or other forms and to bankers' drafts or other similar credit instruments shall be eligible for payment
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia and its components are shown in the table below.

BIC  CRGEITGGXXX
Bank BIC Code  CRGE
Country Code  IT (Italy)
Location Code  GG
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia is shown in the table below.

MFI ID  IT0000807584025

Domestic Presence

Branches (2017)
502  (-9.71%)

In 2017 Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia had 502 branches in Italy. Decline compared to the previous period (2016) was -9.71%.

European Presence: 2 banks in 2 countries

Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia operates under the brand name Banca Carige. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

France

Italy

  • (this bank) Banca Carige S.p.a. - Cassa di Risparmio di Genova e Imperia (GENOVA)

Defunct Banks: 1 bank in 1 country

The following banks operating under Banca Carige brand name has been recently closed down:

Italy