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 Banca di Roma S.p.A. was an Italian bank based in Rome, Lazio region. It was a subsidiary of UniCredit Group. In 2010 the subsidiary was absorbed into the bank, but retained as a registered trademark.
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Banca dell'Umbria 1462 S.p.A. or previously known as Cassa di Risparmio di Perugia was an Italian savings bank. The bank became a subsidiary of UniCredit in 1999 and ceased to exist in 2005. However, its former owner Fondazione Cassa di Risparmio di Perugia, still operated as a charity organization. The foundation and the S.p.A. were split in 1992 from the original statutory corporation of the bank due to Legge Amato.
Cassa di Risparmio in Bologna S.p.A. known as Carisbo, was an Italian savings bank based in Bologna, Emilia-Romagna. The bank was part of Intesa Sanpaolo Group since 2007.
Banca Cassa di Risparmio di Torino S.p.A., also known as Banca CRT or Caritorino, was an Italian savings bank based in Turin, Piedmont. In 1997, the bank joined Unicredito banking group, as well as in 1998 followed the group merged with Credito Italiano to form UniCredito Italiano. 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
Banca Mediocredito del Friuli Venezia Giulia S.p.A. is an Italian commercial bank based in Udine, Friuli – Venezia Giulia region.
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 known as Cariverona in short, was an Italian savings bank headquartered in Verona. In 1991, due to Legge Amato, the bank was split into two organizations, Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona S.p.A. and Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona. They joined Unicredito banking group as founding subsidiary and shareholder respectively. The banking foundation was a minority shareholder of the successor of the banking group UniCredit.
Cassa di Risparmio della Marca Trivigiana, also known as Cassamarca in short, was an Italian savings bank headquartered in Treviso, Veneto. Due to Legge Amato, the bank was split into two organizations: Cassamarca S.p.A. and Fondazione Cassamarca – Cassa di Risparmio della Marca Trivigiana in 1992. The S.p.A. and the banking foundation were the founders of banking group Unicredito in 1994, a predecessor of UniCredit. The S.p.A. was absorbed into UniCredit in 2002; the banking foundation, survived as a charity organization, as well as owned 0.23% shares of UniCredit, as one of its investments.
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