PROFILE 2019 - Cassa di Risparmio di Volterra

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PROFILE 2019 - Cassa di Risparmio di Volterra
PROFILE
2019
PROFILE

Cassa di Risparmio di Volterra is a banking institution founded on October 31th, 1893, in continuation of the activity of the
ancient Monte Pio, active in Volterra since 1494. Over the centuries Cassa di Risparmio di Volterra has evolved and expanded
in full autonomy, with more than 60 branches spread widely on the territory, operating in the Tuscan provinces of Pisa, Livorno,
Grosseto, Lucca, Siena, Florence.
The mission is to perform as reference Bank for local communities for families, small and medium-sized companies, handicraft
and agricultural activities.
Cassa di Risparmio di Volterra has received numerous awards from institutions and trade associations for the innovative
activities aimed at the social and economic development of the local communities. In 2015 the bank was awarded ABI (Italian
Banking Association) prize in the section “Innovate to communicate: the bank shows up and listens” thanks to the bank’s
institutional communication project “Non Chiamarla Banca” (Don’t Call It Bank). For the same project in 2016 the bank was
also granted “Innovation Award - Prize” established on the concession of the President of the Italian Republic and the COTEC
(National Foundation for Technological Innovation), as recommended by the Presidency of the Council of Ministers.

NON CHIAMARLA BANCA
LUCCA

TARGET MARKET
                                                                          VIAREGGIO
                                                                                                                        LUNATA

                                                                                  PONTASSERCHIO
                                                                                                                                                                 STABBIA
                                                                                                                                                                               BASSA

                                                                                        PISA
All savings collected are invested in 6 different provinces                            AGENZIA DI CITTÀ N°1
                                                                                                                                    BIENTINA

of Tuscany, where the bank operates with 70 branches,                                                                           PONTEDERA
                                                                                                                                                                       S. MINIATO

in support to families, small and medium enterprises.
                                                                                                                                                                         BASSO
                                                                                                                               AGENZIA DI CITTÀ N°1

                                                                                                                   CENAIA               PONSACCO
                                                                                                                                            CAPANNOLI
Cassa di Risparmio di Volterra S.p.A. is in conclusion a                                                                           PERIGNANO
                                                                                                                                                                                       CASTELFIORENTINO

traditional bank, mindful of the market and capable to offer                     AGENZIA DI CITTÀ N°2
                                                                                                                  CRESPINA
                                                                                                                                               S. PIETRO BELVEDERE
                                                                                                            FAUGLIA
to its customers the answers to their financial and savings
                                                                                 AGENZIA DI CITTÀ N°1                       LARI                  SELVATELLE
                                                                                                                                                   PECCIOLI                                           CERTALDO
                                                                                 LIVORNO                                CASCIANA TERME

requests.                                                                                                  ORCIANO PISANO
                                                                                                                                       TERRICCIOLA
                                                                                                                                                         FABBRICA
                                                                                                                                                         DI PECCIOLI

                                                                                                                   SANTA LUCE                          VILLAMAGNA
                                                                                                                                    CHIANNI

                                                                                                                               CASTELLINA M.MA
                                                                                              ROSIGNANO M.MO
                                                                                                                                                              VOLTERRA                               COLLE VAL D’ELSA
                                                                                                                                                       AGENZIA DI CITTÀ N°1
                                                                                                        ROSIGNANO SOLVAY

                                                                                                                                    RIPARBELLA           MONTECATINI V.C.

                                                                                                        S. PIETRO IN PALAZZI                                           SALINE DI VOLTERRA
                                                                                                                                       MONTESCUDAIO
                                                                                                                                                               PONTEGINORI
                                                                                                          VADA
         LUCCA PROV.               PISA PROV.            LIVORNO PROV.
                                                                                                                                     GUARDISTALLO
                                                                                                                   CECINA
                                                                                                                   AGENZIA DI CITTÀ N°1
                                                                                                                                                                        POMARANCE
                                                                          PROV. DI LUCCA                                              CASALE M.MO

                                                                                                                      LA CALIFORNIA
     FLORENCE PROV.               SIENA PROV.          GROSSETO PROV.       PROV. DI PISA                                                                                  LARDERELLO
                                                                                                                         BIBBONA

                                                                         PROV. DI LIVORNO                                                            SERRAZZANO

                                                                                                                                                                CASTELNUOVO V.C.

                                                                         PROV. DI FIRENZE                                                                MONTEVERDI M.MO

                                                                           PROV. DI SIENA

                                                                                                                         S. VINCENZO
                                                                     PROV. DI GROSSETO

                                                                                                                        VENTURINA                                          MASSA MARITTIMA

NON CHIAMARLA BANCA                                                                                              PIOMBINO

                                                                                                                      FOLLONICA

                                                                                  PORTOFERRAIO
                                                                                             CAPOLIVERI
                                                                           MARINA DI CAMPO

                                                                                                                                       GROSSETO
SHAREHOLDERS

                                                  5%
FONDAZIONE CASSA DI RISPARMIO DI VOLTERRA

                                            20%
VOLTERRA - ITALY

                                                       75%
CRÉDIT AGRICOLE CARIPARMA SPA
PARMA - ITALY

FONDAZIONE CASSA DI RISPARMIO
DI SAN MINIATO
SAN MINIATO - ITALY

NON CHIAMARLA BANCA
AFFILIATED COMPANIES

UNDER 20%
CONSORZIO FORMAZIONE VOLTERRA SOC. CONSORTILE
19.637%
PROMOZIONE E SVILUPPO VAL DI CECINA S.R.L. / Cecina
5.720%
CEDACRI S.P.A. / Collecchio
0.999%
TERRE DELL’ETRURIA SOC. COOP. A.R.L. / Italy
0.882%

AUDITORS:
PricewaterhouseCoopers S.p.A.

NON CHIAMARLA BANCA
HEAD OFFICE DETAILS

PO Box 65, Piazza Dei Priori 16, 56048 Volterra (PI) Italy        SWIFT/BIC: CRVO IT 3V
Tel: +39 0588 91111                                               ABI/CAB: 06370/71221
Fax: +39 0588 86940                                               CHIPS UID: 064508
Email: info@crvolterra.it                                         Website: www.crvolterra.it

Ownership type: Joint Stock Bank
Regulator: Banca d’Italia
Member of: Associazione per la Tutela degli Investitori in Titoli Argentini, Banca d’Italia Regolamento Lordo,
Corporate Banking Interbancario, Trans-European Automated Real-Time Gross Settlement Express Transfer
System, Fondo Interbancario di Tutela dei Depositi e Fondo Nazionale di Garanzia
Office Summary: 70 branches (as of 31/12/2018)
Average number of employees divided by category as of 31/12/2018:
Managers 			                4
Total officers 			        120
Total remaining employees 363
Other employees 		          1
TOTAL 				488

NON CHIAMARLA BANCA
FINANCIALS
UNCONSOLIDATED BALANCE SHEET DECEMBER 31 IN EUR

  LIABILITIES

                              2018               2017

  Capital                   72,304,400        72,304,400
  Subordinated Loan         30,000,000         20,000,000
  Reserves                 52,716,374         92,956,280
  Deposits &c             1,639,691,666      1,608,688,767
  Borrowings &c            125,272,062        265,642,000
  Other Liabilities        395,233,746         67,462,722
  Profits/(Loss)           18,098,946          3,133,248

  TOTAL                  2,297,119,302      2,130,187,417

For further financial information, please refer to our homepage on the website: www.crvolterra.it
For official documents: www.crvolterra.it/bilanci-annuali/

NON CHIAMARLA BANCA
FINANCIALS
UNCONSOLIDATED BALANCE SHEET DECEMBER 31 IN EUR

  ASSETS

                              2018               2017

  Cash & Banks            258,367,574        488,702,518
  Investments              37,830,656         30,620,731
  Loans &c                973,964,220        470,050,642
  Mortgages               910,046,000        996,232,000
  Fixed Assets             39,478,324         38,605,267
  Other Assets             77,432,528        105,976,259

  TOTAL                  2,297,119,302      2,130,187,417

For further financial information, please refer to our homepage on the website: www.crvolterra.it
For official documents: www.crvolterra.it/bilanci-annuali/

NON CHIAMARLA BANCA
FINANCIALS
UNCONSOLIDATED BALANCE SHEET DECEMBER 31 IN EUR

  PROFIT & LOSS STATEMENT

                              2018              2017

  Net Interest Income 		 37,839,841           39,328,792
  Other Income            39,269,129          60,638,569
  Other Expense          (95,207,916)        (96,834,113)

  Net Profit/(Loss)       (18,098,946)        3,133,248

For further financial information, please refer to our homepage on the website: www.crvolterra.it
For official documents: www.crvolterra.it/bilanci-annuali/

NON CHIAMARLA BANCA
FINANCIALS
UNCONSOLIDATED BALANCE SHEET DECEMBER 31 IN EUR

  PERFORMANCE RATIOS

                                       2018         2017

  Net Profity/Equity Capital 		       -16.93%      (1.86)%
  Net Profity/Total Assets             -0.79%      (0.15)%
  Equity Capital/Total Assets           4.65%       7.91%

For further financial information, please refer to our homepage on the website: www.crvolterra.it
For official documents: www.crvolterra.it/bilanci-annuali/

NON CHIAMARLA BANCA
PERSONNEL

BOARD OF DIRECTORS                            STATUTORY AUDITORS                          MANAGEMENT
PRESIDENT                                     PRESIDENT                                   GENERAL MANAGER
Giovanni Manghetti                            Carlo Rossi                                 Stefano Picciolini
VICE PRESIDENT                                AUDITORS                                    VICE GENERAL MANAGER
Giorgio Ghionzoli                             Andrea Fidanzi                              Stefano Pitti
                                              Pasquale Giovinazzo
BOARD MEMBERS
Sergio Volterrani                             ALTERNATE AUDITORS
Rosario Floriddia                             Orlando Gennai
Massimo Arisi                                 Claudio Volterrani
Elisabetta Lunardi
Alessandro Caprai

FOR FURTHER INFORMATION

Stefano Pitti    Area Manager 			         +39 0588 91379   stefano.pitti@crvolterra.it
Leonardo Rossi   Intl Business Dept.			   +39 0588 91492   leonardo.rossi@crvolterra.it

NON CHIAMARLA BANCA
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