Cassa di Risparmio di Saluzzo is an Italian saving bank. The bank was based in Saluzzo, in the Province of Cuneo, Piedmont. Since the bank reforms in 1991, the bank was split into a

società per azioni ''Società'' (Italian: ''Society'') was an Italian communist cultural magazine published in Italy between 1945 and 1961. History and profile ''Società'' was founded as a quarterly magazine in Florence in 1945. The founders were Ranuccio Bianchi ...

and a non-profit banking foundation.

Cassa di Risparmio di Torino Banca Cassa di Risparmio di Torino S.p.A. 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 to merge with Credito Itali ...

(Banca CRT) once became a minority shareholders of the bank. However its successor,

UniCredit UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was for ...

sold their possession on Saluzzo (31.019%),

Bra A bra, short for brassiere or brassière (, or ; ), is a form-fitting undergarment that is primarily used to support and cover breasts. It can serve a range of other practical and aesthetic purposes, including enhancing or reducing the appea ...

(31.021%),

Fossano Fossano ( pms, Fossan) is a town and ''comune'' of Piedmont, northern Italy. It is the fourth largest town of the Province of Cuneo, after Cuneo, Alba and Bra. It lies on the main railway line from Turin to Cuneo and to Savona, and has a branch li ...

(23.077%) and

Savigliano Savigliano (Savijan in Piedmontese) is a ''comune'' of Piedmont, northern Italy, in the Province of Cuneo, about south of Turin by rail. It is home to ironworks, foundries, locomotive works (once owned by Fiat Ferroviaria, now by Alstom) and s ...

(31.006%) to

Banca Popolare dell'Emilia Romagna BPER Banca S.p.A., formerly known as Banca Popolare dell'Emilia Romagna S.C., is an Italian banking group offering traditional banking services to individuals, corporate and public entities. The company is based in Modena and is a constituent of ...

for about €149 million in 2006. (which BPER paid €45.384 million for CR Saluzzo's shares) As at 31 December 2014 the foundation owned 66.98%, followed by BPER 31.019% and Argentario 2%. In 2016 a plan to purchase the controlling stake from the foundation was announced. It was part of a reform in banking foundation, forcing them to diversify investments. In December BPER purchased an additional 20% of the bank to completely privatized CR Saluzzo.

References

Banks established in 1901 Italian companies established in 1901 Banks of Italy Companies based in Piedmont Saluzzo BPER Banca {{Italy-bank-stub

See also

References