Cassa Depositi e Prestiti
Cassa Depositi e Prestiti S.p.A., also known as CDP S.p.A., is a prominent Italian development bank founded on November 20, 1850, in Turin. Its original duty was to finance public works like roads and waterworks during the reign of Victor Emmanuel II of Italy, King of Sardinia-Piedmont.
Native name | Cassa Depositi e Prestiti S.p.A. |
|---|---|
| Company type | Società per azioni |
| Industry | Banking industry |
| Founded | 1850 |
| Founder | Kingdom of Sardinia |
| Headquarters | Rome , |
Area served | Italy |
Key people |
|
| €11.3 billion (2022) | |
Net income | €6.8 billion (2022) |
| Total assets | €478.1 billion (2022) |
| Total equity | €39.7 billion (2022) |
| Owner | Ministry of Economy and Finance (82.77%) |
Number of employees | 1,591 (2022) |
| Subsidiaries |
|
| Website | www |
CDP is the major Italian institution for economic development through long-term investments at local, regional and national level and acts as the government's arm for executing public policy mandates.
It is among the founders (with Caisse des Dépots, KfW and European Investment Bank) of the D20 Long-Term Investors Club (D20-LTIC), a group that gathers 18 major financial institutions and institutional investors from all over the world, mainly from G20 countries, and a member of the European Long Term Investors (ELTI), an association that brings together the main european national promotional banks.