Cassa di Risparmio di Venezia S.p.A. known as Carive or CR Venezia in short, is a former Italian savings bank, based in Venice, Veneto. It was a subsidiary of Intesa Sanpaolo. The former owner of the bank, Fondazione di Venezia, still acts as a charity organization.
History
Reform in the banking sector in Venice was found by Napoleonic Italy as Banco Pignoratizio Comunale in 1806, using mount of piety model. In 1820, the Kingdom of Lombardy–Venetia (part of Austrian Empire) government introduce savings bank system to the city, which the opening of Cassa di Risparmio di Venezia was gazetted on 13 February 1822, despite the bank already opened on 12 February, the birthday of Francis II, Holy Roman Emperor (the ruler of Austrian Empire).[1] in the 20th centenary, Carive opened branches in Mestre (1910), Portogruaro (1911), Chioggia (1912) and Dolo (1913), the cities and towns in the modern Province of Venice. In 1987, Carive had 59 branches in the Province.[1] Since 1988, more branches were opened in the rest of Veneto region, as well as in Friuli.
Also due to Legge Amato, the daily banking operation, charity and ownership of the bank were separated as