Chieri - Cassa di risparmio di Torino 1827

Banca Cassa di Risparmio di Torino S.p.A., also known as Banca CRT or Caritorino, was an Italian savings bank based in

Turin Turin ( , ; ; , then ) is a city and an important business and cultural centre in northern Italy. It is the capital city of Piedmont and of the Metropolitan City of Turin, and was the first Italian capital from 1861 to 1865. The city is main ...

, founded in 1827 and merged into Unicredito in 1997. In 1998, Unicredito merged with

Credito Italiano ''Credito Italiano'', often referred to by the shorthand Credit, was a significant Italian bank based in Milan. It was established in 1895, succeeding the ''Banca di Genova'' established in 1870 in Genoa. In 1998 it merged with Unicredito to form ...

to form UniCredito Italiano, later known as

UniCredit UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.) is an Italian multinational banking group headquartered in Milan. It is a systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world' ...

. In 2002, Banca CRT was absorbed into the parent company. 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. 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).

History

Cassa di Risparmio di Torino was founded in with a

philanthropic Philanthropy is a form of altruism that consists of "private initiatives for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material ...

ideals, at that time still in the

Kingdom of Sardinia The Kingdom of Sardinia, also referred to as the Kingdom of Sardinia and Corsica among other names, was a State (polity), country in Southern Europe from the late 13th until the mid-19th century, and from 1297 to 1768 for the Corsican part of ...

. Before 1950s, the bank already acquired the local banks in Casale Monferrato, Pinerolo and Ivrea. In 1991, due to , the daily banking operation, charity and ownership were split into a

società per azioni (; abbr. S.p.A. or spa ) is a form of corporation in law of Italy, Italy, meaning 'company with shares' (although often translated as 'joint-stock company', which may or may not be a limited liability entity). It is more or less equivalent to ...

(Banca CRT S.p.A.), and a banking foundation (Fondazione Cassa di Risparmio di Torino; Fondazione CRT). In the 1990s, Banca CRT absorbed Banca Subalpina and Banco di Bergamo as well as had a minority shares holding in other saving banks () of

Bra A bra, short for brassiere or brassière (, ; ), is a type of form-fitting underwear that is primarily used to support and cover a woman's breasts. A typical bra consists of a chest band that wraps around the torso, supporting two breast cups ...

Fossano Fossano () 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 line to Mon ...

Saluzzo Saluzzo (; ) is a town and former principality in the province of Cuneo, in the Piedmont region, Italy. The city of Saluzzo is built on a hill overlooking a vast, well-cultivated plain. Iron, lead, silver, marble, slate etc. are found in the su ...

Savigliano Savigliano () is a 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 silk manufactures, as well as sugar ...

and

Tortona Tortona (; , ; ) is a ''comune'' of Piemonte, in the Province of Alessandria, Italy. Tortona is sited on the right bank of the Scrivia between the plain of Spinetta Marengo, Marengo and the foothills of the Ligurian Apennines. Its ''frazione'' of ...

in southern Piedmont, as well as Banca della Valle d'Aosta. 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 Cassa di Risparmio delle Provincie Lombarde, known in shorthand as Cariplo SpA, was an Italian bank founded in 1823. On 2 January 1998, it merged with Banco Ambrosiano Veneto to form Banca Intesa. Cariplo SpA became a short-lived sub-holding comp ...

and Fondazione Carical in 1994. The minority interests in

Cassa di Risparmio di Città di Castello Casse di Risparmio dell'Umbria S.p.A., known as Casse dell'Umbria, is an Italian retail bank based in Terni, Umbria. The bank is a subsidiary of Intesa Sanpaolo (via Banca CR Firenze). The headquarter of the bank was next to Fondazione Cassa d ...

(40%) 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

, 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). On 31 December 2001, Banca CRT had a shareholders' equity of €1.591 billion. On 1 July 2002, Banca CRT was absorbed into

along with Cariverona, Cassamarca, Caritro, C.R. Trieste and Rolo Banca. At the same time Credito Italiano was renamed into UniCredit Banca.

References

External links

* (currently redirect to UniCredit) Defunct banks of Italy Former UniCredit subsidiaries Banks established in 1827 Banks disestablished in 2002 1827 establishments in the Kingdom of Sardinia Italian companies disestablished in 2002 Companies based in Turin {{Italy-bank-stub