| Cassa Centrale Banca - Credito Cooperativo del Nord Est | |
| Native Name: | Cassa Centrale Banca - Credito Cooperativo del Nord Est S.p.A. |
| Native Name Lang: | it |
| Type: | Società per Azioni owned by coop companies |
| Industry: | Financial services |
| Founded: | [1] |
| Founder: | 133 local banks of Trentino |
| Hq Location City: | Trento |
| Hq Location Country: | Italy |
| Services: | central bank of cooperative banks of Trentino, Veneto and Friuli – Venezia Giulia |
| Parent: | Centrale Finanziaria del Nord Est |
| Rating: | Moody's |
Cassa Centrale Banca - Credito Cooperativo del Nord Est S.p.A. is a coordinating institute of the cooperative banks (rural credit unions) of Trentino, based in Trento, Trentino, Italy. Some cooperative banks (rural credit unions) of Veneto and Friuli-Venezia Giulia are also members.
Cassa Centrale Banca has been designated in 2019 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank.[2]
In 2017 the central institution applied to be one of the central banks for proposed co-operative banking groups of whole Italy.[3] The other candidate was ICCREA Banca (and Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige for South Tyrol autonomous province only). A new Italian law required all co-operative banks of Italy to join a banking group, which the central institution has power to recapitalize individual member banks, but the central institution itself would be owned by the member banks in a majority. Cassa Centrale Banca - Credito Cooperativo del Nord Est had proposed to change their name to Cassa Centrale Banca – Credito Cooperativo Italiano.[3]
Cassa Centrale Banca had a joint venture "Casse Rurali – Raiffeisen Finanziaria" with its South Tyrol counterpart. The joint venture was the largest shareholder of Investitionsbank – Mediocredito of South Tyrol - Trentino autonomous region.
Cassa Centrale Banca had another joint venture Nord Est Asset Management S.A. (NEAM in short).[4]
The bank was owned by the member banks directly. However, in order to sell 25% shares to DZ Bank, a new holding company Centrale Finanziaria del Nord Est was established in 2007, in order for the member banks to have a controlling influence in the central institute.