Cassa di Risparmio di Ferrara

[14] The last annual report of the bank shown the group had a shareholders' equity of €374 million, with a Tier 1 capital ratio of 6.41% as at 31 December 2012.

[15] Fondo Interbancario di Tutela dei Depositi had planned to bail-out Banca Marche, Banca Etruria, Carife, and CariChieti for more than €2 billion in late 2015 (€300 million for Carife announced on 6 May, subject to approval from the Bank of Italy and the European Commission),[16][17][18] but they were bail-out by Italian National Resolution Fund (Italian: Fondo Nazionale di Risoluzione) instead, for a recapitalization of about €2 billion in total on 22 November.

[19] The Italian National Resolution Fund had also injected a further €1.7 billion in total to the 4 banks to cover the losses.

[20] On 3 May 2016, Decree-Law N°59/2016 was announced, which the retail investors of the bond of the 4 banks would be refunded (up to €100,000, same as deposit insurance) if they purchased the bond on or before 12 June 2014, the date of Bank Recovery and Resolution Directive was passed in the European Parliament.

[25] While the old bank would be liquidated, which the shareholders and subordinated bond holders would receive nothing due to bail-in.

Previously it was planned that the ex-subsidiary sold assets and liabilities to Nuova Carife.

[27][28] On 2 March 2017 BPER Banca signed a contract to acquire Nuova Carife for a nominal fee of €1, with conditions that the national resolution fund recapitalized the bank, as well as selling the non-performing loan to the market.

[29] At 31 December 2016 Carife Group had a negative net equity of €66 million,[1] due to heavy loan write-down during 2016 financial year.

[31][32] On 1 July, a plan to absorb Nuova Carife into BPER Banca was announced.

The foundation had a net assets of €55,140,130 as at 31 December 2014, but including the shares of the bank which had an accounting value of €72,415,205.53.