Cassa Depositi e Prestiti

Cassa Depositi e Prestiti S.p.A., also known as CDP S.p.A., is a prominent Italian public development bank founded on 20 November 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. 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 also among the founders 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.

Source: Wikipedia · CC BY-SA 4.0