See also
- Cassa di Risparmio del Friuli Venezia Giulia, a subsidiary of Intesa Sanpaolo
- Banca Popolare di Trieste, a co-operative bank that was acquired by Banca Popolare di Vicenza
| Formerly | Cassa di Risparmio di Trieste |
|---|---|
| Company type |
|
| Industry | Financial services |
| Founded |
|
| Defunct | 2002 |
| Fate | merged to form single brand UniCredit |
| Successor |
|
| Headquarters | , |
Number of locations | 52 (2001) |
Area served | Italy and Croatia |
| €17million (2001) | |
| Total equity | €219million (2001) [2] [3] |
| Owner | UniCredit (79.67%) |
| Website | www |
Cassa di Risparmio di Trieste was an Italian savings bank headquartered in Trieste that operated between 1842 and 2002.
In 1992, as part of the Italian government restructuring of public credit institutions, known as the Legge Amato , the bank was split into three organizations: Cassa di Risparmio di Trieste - Banca S.p.A., its subsidiary in special credito and Fondazione CRTrieste. [4]
Cassa di Risparmio di Trieste - Banca S.p.A. joined newly formed banking group UniCredit in 1999. The bank, as a brand and subsidiary, survived within UniCredit until 2002 when it was merged with 6 other sub-brands to form UniCredit Banca and other divisions of UniCredit.
Founded in 1842 in the Imperial Free City of Trieste, in the Austrian Empire. The city later became the capital of the Austrian Littoral of the empire and belongs to the Kingdom of Italy since 1921. Since joined Italy, the bank merged with other savings bank such as bank from Postumia due to a decree-law enacted in 1927. [5] [6] (Postumia belongs to Italy between the two world war, but now located in Slovenia.)
A report by Mediobanca, shown the bank was ranked 75th by total assets in 1988, among all type of commercial banks of Italy. [7]
In 1992, due to Legge Amato , the bank was split into two organizations, a società per azioni (s.p.a.) and a banking foundation. [4] At first the S.p.A. had a share capital of 220 billion lire. [4]
In 1998, The Economist credited the bank as "Italy's most successful international bank" for its cross-border banking subsidiary Trscanska Stedionica – Banka. [8] In the same year, a subsidiary, Cassa di Risparmio di Trieste Specialcredito, which specialize in credito fondiario [4] such as public works and medium-long-term loan, was sold to Assicurazioni Generali, [9] which became Banca Generali. [10] Before the handover of the company, the medium-long-term loan business was sold back to Cassa di Risparmio di Trieste. [9]
In 1999, the banking foundation sold the controlling interests of the bank (s.p.a.) to UniCredit. As of 31 December 2001 [update] , the foundation retained 20% shares of the S.p.A., as well as owned 0.79% shares of UniCredit. The foundation also owned a private equity fund "Fondo Gestiveneto 6", which was managed by Pioneer Investments of UniCredit group. [11]
In 2002 the S.p.A. was absorbed by Credito Italiano; the legal person of Credito Italiano then renamed into UniCredit Banca, as the new retail arm of the banking group. Several subsidiaries were also spin off from UniCredit Banca in 2003 as separate entities of the group.
The Croatian subsidiary of C.R. Trieste was merged into Zagrebačka banka, while C.R. Trieste Ireland was liquidated, as it was overlapped with UniCredit Bank Ireland (UniCredito Italiano Bank (Ireland) plc). [12]
After the bank became defunct, the charity function, as well as the bank's arts collection were survived as an organization Fondazione Cassa di Risparmio di Trieste or Fondazione CRTrieste. As of 31 December 2016 [update] , the foundation had an equity of €204 million. The foundation write-down the value of the shares of UniCredit its owned (17,444,018 number of shares before 2017 reverse stock split; [13] 0.282%), as well as the shares of Banca Mediocredito del Friuli Venezia Giulia (34,440,610 number of shares; 30.502%). In addition, the foundation owned 875,977 number of shares (0.256%) of Cassa Depositi e Prestiti as well as other investment, such as FriulAdria, Fincantieri (0.071%) and GEDI Gruppo Editoriale. [14]
UniCredit S.p.A. is an international banking group headquartered in Milan. It was Italy's only systemically important bank and the world's 34th largest by assets. It was formed through the merger of Credito Italiano and Unicredito in 1998 but has a corporate identity stretching back to its first foundation in 1870 as Banca di Genova. UniCredit is listed on the Borsa Italiana and Frankfurt Stock Exchange and is a constituent stock of the Euro Stoxx 50 index of leading shares.
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Cassa di Risparmio in Bologna S.p.A. known as Carisbo, was an Italian savings bank founded in 1837 and based in Bologna, Emilia-Romagna. It has been part of Intesa Sanpaolo Group since 2007.
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Banca Cassa di Risparmio di Torino S.p.A., also known as Banca CRT or Caritorino, was an Italian savings bank based in Turin, founded in 1827 and merged into Unicredito in 1997. In 1998, Unicredito merged with Credito Italiano to form UniCredito Italiano, later known as UniCredit. In 2002, Banca CRT was absorbed into the parent company.
Cassa di Risparmio di Cento S.p.A. is an Italian savings bank based in Cento, Emilia-Romagna, which serve the Province of Ferrara, Bologna and Modena.
Nuova Cassa di Risparmio di Ferrara S.p.A., known as Nuova Carife [New Carife] in short, was an Italian bank, based in Ferrara, Emilia-Romagna. Nuova Carife was founded on 22 November 2015 as a good bank that spin off from the original Cassa di Risparmio di Ferrara S.p.A. (Carife). The old Carife was under administration from 2013 and 2015, and now being liquidated as a bad bank. Nevertheless, Nuova Carife was a short-lived bank, which was acquired by BPER Banca in 2017 from Italian Resolution Fund, becoming branches of the banking group in the same year. The former majority shareholder and the old legal person of the bank, Fondazione Cassa di Risparmio di Ferrara, survived as a charity organization.
Cassa di Risparmio di Tortona was an Italian savings bank based in Tortona, Piedmont. The bank was merged into Banca Lombarda in 1999, while the former owner of the bank, Fondazione Cassa di Risparmio di Tortona, still operates as a charity organization.
Cassa di Risparmio di Asti known as Banca CR Asti or just Banca di Asti, is an Italian saving bank based in Asti, Piedmont. It serves Piedmont and Lombardy regions.
Cassa di Risparmio di Lucca Pisa e Livorno S.p.A. was an Italian saving bank based in Lucca. It was a subsidiary of Banco Popolare and currently a sub-division and brand of the group Banco BPM.
Cassa di Risparmio di Fano S.p.A. (Carifano) was an Italian saving bank based in Fano, Marche. The bank had 40 branches all in Marche and Umbria.
Cassa di Risparmio di Carpi was an Italian retail bank based in Carpi, in the Province of Modena, Emilia-Romagna. The bank section was absorbed into UniCredit in 2005, while its charity section, still operates as Fondazione Cassa di Risparmio di Carpi.
Cassa di Risparmio di Vignola was an Italian saving bank based in Vignola, in the Province of Modena, Emilia–Romagna region. It was absorbed by Banca Popolare dell'Emilia Romagna in 2010.
Rolo Banca 1473 S.p.A. was an Italian bank based in Bologna, Italy. It was formed by the merger of Credito Italiano subsidiaries Credito Romagnolo, and Carimonte Banca. The intermediate holding company of the bank was Credit Carimonte, a 51–49 joint venture of Credito Italiano and Carimonte Holding.
UniCredit Banca S.p.A. was the retail banking division of UniCredit Group. On 1 July 2002, Rolo Banca, Banca CRT, Cariverona Banca, Cassamarca, Cassa di Risparmio di Trento e Rovereto and Cassa di Risparmio di Trieste were merged into Credito Italiano S.p.A., with Credito Italiano was renamed into UniCredit Banca S.p.A.. On 1 January 2003 UniCredit Private Banking and UniCredit Banca d'Impresa were spin off from UniCredit Banca
UniCredit Banca Mediocredito S.p.A. (UBMC) was an Italian commercial bank. The bank was dismantled on 31 December 2015, but the bank license was retained, which became 2S Banca, a company that specialized in securities service activities. On 4 October 2006 2S Banca was sold to Société Générale Security Services, a subsidiary of Société Générale for €579.3 million.
Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona, also known by the shorthand Cariverona, was an Italian savings bank headquartered in Verona. It was formed in 1825 from a division of the Monte di Pietà di Verona, itself founded in 1490.
Cassa di Risparmio della Marca Trivigiana, also known as Cassamarca in short, was an Italian savings bank headquartered in Treviso, Veneto. The history of the bank goes back to 1496 when the charitable institution Monte di Pietà di Treviso was founded. The savings bank was established by the Monte in 1907, following a first bank spinoff in 1822 that ended up being absorbed in 1872 by the Cassa di Risparmio delle Provincie Lombarde.
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