Cassa di Risparmio di Torino

Last updated

Banca CRT
Native name
Banca Cassa di Risparmio di Torino S.p.A.
FormerlyCassa di Risparmio di Torino
Company typesubsidiary
Industry Financial services
Founded
  • 1827
  • 1991 (S.p.A.)
Defunct2002
FateAbsorbed by UniCredit
Successor
Headquarters
Turin
,
Italy
Products Retail and Investment banking
Owner
  • Fondazione CRT (1991–97)
  • Unicredito (1997–98)
  • UniCredit (1998–2002)
Parent
Website www.bancacrt.it
A crest on the wall of a branch in Chieri, in the Province of Turin Chieri - Cassa di risparmio di Torino 1827.JPG
A crest on the wall of a branch in Chieri, in the Province of Turin

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.

Contents

The former owner of Banca CRT, Fondazione Cassa di Risparmio di Torino (Fondazione CRT), as of 31 December 2013, still owned 2.506% voting rights of UniCredit, as 7th largest shareholder. [1] On 31 December 1999, Fondazione CRT was the second largest shareholder of UniCredit with 14.228% of the total ordinary shares (704,943,077 of 4,954,465,306). [2]

History

Cassa di Risparmio di Torino was founded in 1827(197 years ago) with a philanthropic ideals, at that time still in the Kingdom of Sardinia. [3] Before 1950s, the bank already acquired the local banks in Casale Monferrato, Pinerolo and Ivrea. [4] In 1991, due to Legge Amato  [ it ], the daily banking operation, charity and ownership were split into a società per azioni (Banca CRT S.p.A.), and a banking foundation (Fondazione Cassa di Risparmio di Torino; Fondazione CRT). [5]

In the 1990s, Banca CRT absorbed Banca Subalpina and Banco di Bergamo as well as had a minority shares holding in other saving banks (Italian : Cassa di Risparmio) of Bra, Fossano, Saluzzo, Savigliano and Tortona in southern Piedmont, as well as Banca della Valle d'Aosta. [4] Banca CRT also sold the minority interests in Cassa di Risparmio di Calabria e Lucania (Carical) to a consortium of Cassa di Risparmio delle Provincie Lombarde and Fondazione Carical in 1994. [6] The minority interests in Cassa di Risparmio di Città di Castello (40%) [7] was also sold in 1993.

On 30 September 1997, Banca CRT joined Unicredito, which already had Cariverona Banca and Cassamarca as members. On 15 October 1998 UniCredito merged with Credito Italiano, to form UniCredito Italiano, which was the parent company of Banca CRT with 100% ownership until 2002. The former subsidiaries of Banca CRT were Banca Mediocredito di Torino (63.26% of the total shares in 2000) and Casse e Assicurazioni Vita (40% of the total shares in 2000). [8] On 31 December 2001, Banca CRT had a shareholders' equity of €1.591 billion. [9] On 1 July 2002, Banca CRT was absorbed into Credito Italiano along with Cariverona, Cassamarca, Caritro, C.R. Trieste and Rolo Banca. At the same time Credito Italiano was renamed into UniCredit Banca.

Related Research Articles

<span class="mw-page-title-main">Unicredito</span> Former Italian bank

Unicredito was an Italian bank holding company that existed under that name for a brief time, from 1994 to 1998. It was initially formed by the banking foundations of Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona and Cassa di Risparmio della Marca Trivigiana (Cassamarca) respectively owning 83.5 percent and 16.5 percent of UniCredito's equity. In 1997, the banking foundation of Cassa di Risparmio di Torino joined the venture. In 1998, Unicredito merged with Credito Italiano to form UniCredito Italiano, later branded as UniCredit.

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.

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.

Gruppo Bancario Casse Emiliano Romagnole (CAER) was an Italian holding company and banking group, based in Bologna, Emilia-Romagna. The main company of the group was Cassa di Risparmio in Bologna (Carisbo).

Fondazione Cassa di Risparmio di Torino is a charity organization formed in 1991 by the spin off of the bank activities Cassa di Risparmio di Torino into Banca CRT S.p.A., with the original statutory corporation became Fondazione CRT. The foundation was the major shareholders of Banca CRT S.p.A..

Cassa di Risparmio di Bra is an Italian regional bank. The bank was based in Bra, in the Province of Cuneo, Piedmont.

<span class="mw-page-title-main">Cassa di Risparmio di Fossano</span> Italian saving bank

Cassa di Risparmio di Fossano is an Italian saving bank based in Fossano, in the Province of Cuneo, Piedmont.

Banca Cassa di Risparmio di Savigliano S.p.A. is an Italian saving bank. The bank was based in Savigliano, in the Province of Cuneo, Piedmont.

<span class="mw-page-title-main">Cassa di Risparmio di Asti</span>

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 Vercelli was an Italian retail bank and charity organization, based in Vercelli, Piedmont. In 1991 it was split into Cassa di Risparmio di Vercelli S.p.A. and Fondazione Cassa di Risparmio di Vercelli. The former was merged with another Piedmontese bank Cassa di Risparmio di Biella in 1994.

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 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.

<span class="mw-page-title-main">Banca del Mezzogiorno – MedioCredito Centrale</span>

Banca del Mezzogiorno – MedioCredito Centrale S.p.A. (BdM-MCC) is an Italian bank based in Rome, Lazio region. The bank is entirely controlled by Invitalia S.p.A., which in turn is owned by the Ministry of Economy. The bank was specialized in medium-term loan to companies, which developed into corporate and investment banking, and currently specialized in public sector, such as one of the manager of Fondo di Garanzia per le Piccole e Medie Imprese of the Ministry of Economic Development, and European Union's Joint European Resources for Micro to Medium Enterprises Calabria Fund. The bank lend medium-term loan from the fund to SMEs for Italian government and the European Union.

Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona, also known as Fondazione Cariverona is an Italian banking foundation based in Verona, Veneto region. The foundation was created in 1991.

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.

<span class="mw-page-title-main">Cassa di Risparmio della Marca Trivigiana</span>

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.

Cassa di Risparmio di Trieste was an Italian savings bank headquartered in Trieste that operated between 1842 and 2002.

References

  1. ↑ "2013 Consolidated Reports and Accounts" (PDF). UniCredit. 3 July 2014. Archived from the original (PDF) on 4 March 2016. Retrieved 31 March 2015.
  2. ↑ "1999 bilancio" [1999 Annual Report](PDF). UniCredit (in Italian). Borsa Italiana archive. 11 May 2000. Retrieved 31 March 2015.
  3. ↑ "Presentazione" (in Italian). Fondazione CRT. Archived from the original on 18 April 2015. Retrieved 31 March 2015.
  4. 1 2 Morreale, Giampietro (19 September 2011). "La fusione di Banca crt e UniCredito Italiano" [The fusion of Banca CRT and UniCredito Italiano](PDF) (in Italian). UniCredit. Archived from the original (PDF) on 2 April 2015. Retrieved 31 March 2015.
  5. ↑ Ministry of the Treasury (23 January 1992). "Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Torino" (in Italian). Italian Republic Official Gazette. Retrieved 19 April 2016.
  6. ↑ "FINCARICAL: VARATO AUMENTO CAPITALE PER ACQUISTO 12,5 P.C." (in Italian). Adnkronos. 24 February 1994. Retrieved 8 April 2016.
  7. ↑ Ministry of the Treasury (24 January 1992). "Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Citta' di Castello" (in Italian). Italian Republic Official Gazette. Retrieved 20 April 2016.
  8. ↑ "Bilancio Consolidato di Gruppo 2000" [Consolidated Financial Statements 2000](PDF). UniCredit (in Italian). Borsa Italiana archive. 7 May 2001. Retrieved 31 March 2015.
  9. ↑ "Bilancio Consolidato di Gruppo 2001" [Consolidated Financial Statements 2001](PDF). UniCredit (in Italian). Borsa Italiana archive. 17 May 2002. Retrieved 31 March 2015.


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.