Cassa di Risparmio di Saluzzo

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

Cassa di Risparmio di Saluzzo

Trade name	C.R. Saluzzo
Type	subsidiary of a listed company
Founded	1901
Headquarters	Saluzzo , Italy
Number of locations	27 branches (2015)
Area served	Piedmont
Net income	€2,636,595 (2014)
Total assets	€1,099,982,917 (2014)
Total equity	€78,093,087 (2014)
Owner	BPER Banca (100%)
Parent	BPER Banca
Website	www.crsaluzzo.it

Since the bank reforms in 1991, the bank was split into a società per azioni and a non-profit banking foundation. Cassa di Risparmio di Torino (Banca CRT) once became a minority shareholders of the bank.[1] However its successor, UniCredit sold their possession on Saluzzo (31.019%), Bra (31.021%), Fossano (23.077%) and Savigliano (31.006%) to Banca Popolare dell'Emilia Romagna for about €149 million in 2006. (which BPER paid €45.384 million for CR Saluzzo's shares)[2]

As at 31 December 2014 the foundation owned 66.98%, followed by BPER 31.019% and Argentario 2%.[3][4]

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.[5][6] In December BPER purchased an additional 20% of the bank to completely privatized CR Saluzzo.

References

1. 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 2015-04-02. Retrieved 31 March 2015.
2. "Bilancio individuale 2006" (PDF) (in Italian). Banca Popolare dell'Emilia Romagna (BPER). 10 November 2007. Archived from the original (PDF) on 2016-10-12. Retrieved 16 February 2016.
3. "Bilancio Consuntivo 22° Esercizio 1.1.2014 - 31.12.2014" (PDF) (in Italian). Fondazione Cassa di Risparmio di Saluzzo. 17 June 2015. Retrieved 2 February 2016.
4. "RELAZIONE DEGLI AMMINISTRATORI SULLA GESTIONE [2014]" (PDF) (in Italian). BPER. 29 April 2015. Archived from the original (PDF) on 16 March 2016. Retrieved 2 February 2016.
5. "BANCA POPOLARE DELL'EMILIA ROMAGNA AND FONDAZIONE CASSA DI RISPARMIO DI SALUZZO HAVE SIGNED A "SHARE SALE AND PURCHASE AGREEMENT" THAT WILL ALLOW CASSA DI RISPARMIO DI SALUZZO TO JOIN THE BPER GROUP" (PDF). BPER. 13 April 2016. Archived from the original (PDF) on 9 October 2016. Retrieved 7 October 2016.
6. "BPER BANCA TAKES OVER CASSA DI RISPARMIO DI SALUZZO" (PDF). BPER. 4 October 2016. Archived from the original (PDF) on 9 October 2016. Retrieved 7 October 2016.

See also

• Cassa di Risparmio di Cuneo