# Cassa Depositi e Prestiti

> Italian financial institution

**Wikidata**: [Q1048204](https://www.wikidata.org/wiki/Q1048204)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Cassa_Depositi_e_Prestiti)  
**Source**: https://4ort.xyz/entity/cassa-depositi-e-prestiti

## Summary

Cassa Depositi e Prestiti S.p.A. (CDP) is an Italian state-owned financial institution founded in 1850 that serves as the country's national development bank, operating under the ownership of the Ministry of Economy and Finance. Headquartered in Rome, CDP functions as a pivotal instrument for Italy's economic development, providing financing, advisory services, and strategic investments across domestic and international markets, with subsidiaries including CDP Equity, CDP Reti, and Fintecna.

## Key Facts

- **Official Name**: Cassa Depositi e Prestiti S.p.A.
- **Aliases**: CDP, Cassa Depositi e Prestiti S.p.A., CDP S.p.A., CDP Group
- **Founded**: November 18, 1850, by the Kingdom of Sardinia
- **Location of Formation**: Turin, Italy
- **Headquarters**: Rome, Italy (coordinates: 41.906955720227884, 12.499511145975655)
- **Legal Form**: Società per azioni (joint-stock company)
- **CEO**: Dario Scannapieco (since June 1, 2021)
- **Chairperson**: Giovanni Gorno Tempini (since October 24, 2019)
- **Employees**: 2,142 (as of 2024)
- **Net Profit**: 6 billion euros (2024)
- **Industry**: Financial sector
- **Country**: Italy
- **Ownership**: Ministry of Economy and Finance (82.77%)
- **EU VAT Number**: IT07756511007
- **Website**: https://www.cdp.it/ (available in Italian and English)
- **Sitelink Count**: 8 language editions (Arabic, German, English, Persian, French, Italian, Dutch, Russian)
- **Wikidata Description**: Italian financial institution

## FAQs

### What is Cassa Depositi e Prestiti and what does it do?

Cassa Depositi e Prestiti is Italy's national development bank, a state-owned financial institution that supports economic development through financing, investments, and advisory services. It operates as a key instrument for Italian public investment, managing funds to support infrastructure, strategic industries, and international development projects.

### Who owns and controls Cassa Depositi e Prestiti?

CDP is majority-owned by the Italian Ministry of Economy and Finance, which holds an 82.77% stake. The remaining ownership is distributed among other public shareholders. This state ownership positions CDP as a strategic tool for implementing Italian economic policy.

### What companies and organizations does CDP own?

CDP holds significant ownership stakes in several major Italian companies: Eni (26%), Poste Italiane (35%), TIM Group (9.8%), Institute of the Italian Encyclopaedia (7.4%), and Istituto per il Credito Sportivo (2.2%). Additionally, CDP fully owns three subsidiaries: CDP Equity, CDP Reti, and Fintecna.

### When was Cassa Depositi e Prestiti founded and what is its history?

CDP was founded on November 18, 1850, by the Kingdom of Sardinia, originally established in Turin before moving to Rome. Over its 175-year history, CDP has evolved from a savings bank for public deposits to Italy's primary development finance institution, adapting its mission to support Italian economic growth through various historical periods.

### How can someone connect with CDP on social media?

CDP maintains an active presence across multiple platforms: Twitter (@gruppocdp, verified since 2013), Facebook (GruppoCDP), Instagram (@gruppo_cdp), and YouTube (cassa_depositi_e_prestiti). Their YouTube channel, active since 2014, has accumulated over 9.7 million views. The organization had approximately 11,698 Twitter followers as of August 2022.

### What is CDP's financial performance?

In 2024, CDP reported a net profit of 6 billion euros, demonstrating its significant financial capacity as Italy's development bank. The institution employs 2,142 people as of 2024, making it a substantial employer in Italy's financial sector.

### What is CDP's role in international development?

CDP partners with international organizations including the Food and Agriculture Organization (FAO) to support development projects. The organization is registered in the EU Transparency Register (ID: 110117812027-92) and participates in global development finance activities, positioning Italy within international development frameworks.

## Why It Matters

Cassa Depositi e Prestiti matters because it serves as Italy's primary vehicle for development finance and public investment, playing a critical role in the nation's economic strategy. As a state-owned institution with 175 years of history, CDP bridges public policy objectives with private sector financing, enabling large-scale infrastructure projects, supporting strategic industries, and facilitating international expansion of Italian companies. The institution's ownership stakes in national champions like Eni, TIM Group, and Poste Italiane give it substantial influence over Italy's economic landscape. CDP's activities extend beyond domestic boundaries through international partnerships and investments, making it a key player in Italy's soft power and development cooperation efforts. For businesses and governments seeking financing or partnership in Italy, CDP represents an essential institution that combines financial expertise with policy alignment, offering unique access to capital and strategic advisory services that commercial lenders often cannot provide.

## Notable For

- **Longevity**: Operating continuously since 1850, making it one of Europe's oldest financial institutions
- **State Ownership**: 82.77% ownership by the Italian Ministry of Economy and Finance
- **Strategic Holdings**: Ownership stakes in five major Italian companies including Eni (26%), Poste Italiane (35%), and TIM Group (9.8%)
- **Subsidiary Network**: Three fully-owned subsidiaries (CDP Equity, CDP Reti, Fintecna) managing different business lines
- **Multilingual Presence**: Wikipedia articles available in 8 languages (Arabic, German, English, Persian, French, Italian, Dutch, Russian)
- **Digital Engagement**: YouTube channel with over 9.7 million total views since 2014
- **EU Transparency**: Registered in the EU Transparency Register with ID 110117812027-92
- **Historic Foundation**: Established by the Kingdom of Sardinia in Turin in 1850, predating Italian unification

## Body

### History and Foundation

Cassa Depositi e Prestiti was established on November 18, 1850, by the Kingdom of Sardinia, originally headquartered in Turin. The institution was created to accept deposits from the public and provide financing for public works and infrastructure development. Following Italian unification, CDP's role evolved to support the developing Italian economy, eventually relocating its headquarters to Rome. The institution has continuously operated for over 175 years, adapting its mission from a traditional savings bank to a modern development finance institution. Its founding by the Kingdom of Sardinia places CDP among the oldest financial institutions in Europe, predating the unified Italian state itself.

### Ownership and Governance

CDP operates as a società per azioni (joint-stock company) with the Italian Ministry of Economy and Finance holding a majority stake of 82.77%. This state ownership structure positions CDP as a key instrument of Italian economic policy, enabling the government to direct development finance toward strategic priorities. The institution is led by CEO Dario Scannapieco (since June 1, 2021) and Chairperson Giovanni Gorno Tempini (since October 24, 2019). Governance oversight includes transparency measures such as EU Transparency Register registration (ID: 110117812027-92), ensuring public accountability for a institution managing significant public resources.

### Corporate Holdings and Investments

CDP maintains substantial ownership positions in major Italian enterprises, demonstrating its role in strategic sector oversight:

- **Eni**: 26% ownership — Italy's multinational energy company
- **Poste Italiane**: 35% ownership — Italy's postal and financial services provider
- **TIM Group**: 9.8% ownership — Italy's telecommunications leader
- **Institute of the Italian Encyclopaedia**: 7.4% ownership — Italy's national encyclopedic publisher
- **Istituto per il Credito Sportivo**: 2.2% ownership — Italy's sports credit institute

The institution also maintains three fully-owned subsidiaries operating under 100% ownership: CDP Equity (private equity activities), CDP Reti (infrastructure networks), and Fintecna (financial and technological services). These subsidiaries enable CDP to specialize in different aspects of development finance while maintaining coordinated strategic direction.

### Financial Performance and Scale

As of 2024, CDP employs 2,142 people and reported a net profit of 6 billion euros, reflecting its substantial scale and financial capacity. The institution's balance sheet positions it among Italy's most significant financial institutions, capable of mobilizing large-scale capital for major development projects. This financial strength enables CDP to act as a cornerstone investor in Italian infrastructure, strategic industries, and international development initiatives.

### Headquarters and Location

CDP's headquarters is located in Rome at coordinates 41.906955720227884, 12.499511145975655. While the institution was founded in Turin in 1850, its relocation to Rome following Italian unification reflected its evolving role as a national institution. The headquarters houses the institution's executive leadership, strategic functions, and primary operations serving Italian public investment priorities.

### Digital Presence and Communications

CDP maintains comprehensive digital presence across major platforms:

- **Website**: https://www.cdp.it/ (available in Italian and English)
- **Twitter**: @gruppocdp (verified account since 2013, approximately 11,698 followers as of August 2022)
- **Facebook**: GruppoCDP
- **Instagram**: @gruppo_cdp
- **YouTube**: cassa_depositi_e_prestiti (channel ID: UChVRDM88-O5TTHGmiRPhPBw, active since September 2014, with over 9.7 million total views)

This multi-platform presence supports CDP's communication strategy for engaging with stakeholders, disseminating information about projects and initiatives, and maintaining public transparency.

### International Presence and Recognition

CDP maintains an international footprint through multiple channels:

- **Wikipedia**: Sitelinks in 8 language editions (Arabic, German, English, Persian, French, Italian, Dutch, Russian)
- **Wikidata**: Entity with description "Italian financial institution"
- **EU Transparency**: Registered in the EU Transparency Register
- **International Partnerships**: Collaboration with organizations including the Food and Agriculture Organization (FAO)
- **Global Databases**: Listed in Crunchbase, Littlesis, and Wikirate (company ID: 6383089)

The institution's recognition across multiple knowledge bases and international platforms reflects its significance within Italy's institutional landscape and its engagement with global development finance networks.

### Industry Classification

CDP operates within the financial sector industry, classified as a bank, business, and enterprise in institutional databases. This classification reflects its dual role as a financial institution accepting deposits and deploying capital for development purposes, while also operating commercial subsidiaries. The institution's classification as a bank places it within the broader context of financial intermediaries and credit institutions, though its public development mandate distinguishes it from purely commercial banking operations.

## References

1. [Source](https://www.lobbyfacts.eu/datacard/cassa-depositi-e-prestiti-spa?rid=110117812027-92)
2. Freebase Data Dumps. 2013
3. [Source](https://www.cdp.it/internet/public/cms/documents/Bilancio_Annuale_2024_Gruppo_CDP_PW_ITA.pdf)
4. [Source](https://www.fao.org/connect-private-sector/search/detail/en/c/1444997/)
5. YouTube API
6. [Source](https://wikirate.org/CDP_Group)