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Cassa Depositi e Prestiti

CDP S.p.A.
Native name
Cassa Depositi e Prestiti S.p.A.
Company typeSocietà per azioni
IndustryBanking industry
Founded1850 (1850)
FounderKingdom of Sardinia
Headquarters
Rome
,
Italy
Area served
Italy
Key people
€11.3 billion (2022)[1]
€6.8 billion (2022)[1]
Total assets€478.1 billion (2022)[1]
Total equity€39.7 billion (2022)[1]
OwnerMinistry of Economy and Finance (82.77%)
Number of employees
1,591 (2022)[2]
Subsidiaries
Websitewww.cdp.it

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.[3]

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.[4]

It is among the founders (with Caisse des Dépots, KfW and European Investment Bank) of the D20 Long-Term Investors Club (D20-LTIC),[5][6] a group that gathers 18 major financial institutions and institutional investors from all over the world, mainly from G20 countries,[7] and a member of the European Long Term Investors (ELTI), an association that brings together the main european national promotional banks.[8]

  1. ^ a b c d "Annual Report 2022" (PDF). 22 November 2023.
  2. ^ "Integrated Report 2022" (PDF). 22 November 2023.
  3. ^ Jucca, Lisa (November 20, 2020). "Breakingviews - Italian sovereign fund is a force to reckon with". Archived from the original on May 29, 2021.
  4. ^ "Moody's announces completion of a periodic review of ratings of Cassa Depositi e Prestiti S.p.A." Moodys.com. 2019-06-24. Retrieved 2020-01-07.
  5. ^ Long-Term Investors Club. "Message".
  6. ^ Guy Dinmore (12 September 2011), Italy turns to China for help in debt crisis Financial Times.
  7. ^ "D20-LTIC da investitori impegno a sostenere finanziamenti in infrastrutture sostenibili" (in Italian). Retrieved 22 November 2023.
  8. ^ "Scannapieco al vertice dell'associazione delle Cdp europee" (in Italian). Retrieved 22 November 2023.

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