| Cassa di Risparmio di Asti | |
| Trade Name: | Banca di Asti |
| Isin: | IT0001090783 |
| Type: | unlisted public S.p.A. |
| Industry: | Financial services |
| Founded: | in Asti, the Kingdom of Sardinia |
| Founders: | --> |
| Hq Location: | 23 Piazza Libertà |
| Hq Location City: | Asti |
| Hq Location Country: | Italy |
| Area Served: | Piedmont, Lombardy [1] |
| Products: | Retail and corporate banking |
| Net Income: | €65.674 million |
| Net Income Year: | 2014 |
| Assets: | €12.320 billion |
| Assets Year: | 2014 |
| Equity: | €624.299 million |
| Equity Year: | 2014 |
| Subsid: | Biverbanca (60.42%) Immobiliare Maristella (100%) |
| Ratio: | 10.70% (Tier 1) |
| Website: | bancacrasti.it |
| Footnotes: | [2] |
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.
The bank was found on 25 January 1842 in Asti, in the Kingdom of Sardinia. Due to Legge Amato, on 24 June 1992 the bank was split into Cassa di Risparmio di Asti S.p.A. and Fondazione Cassa di Risparmio di Asti (gazetted on 17 July).[3] In 1996 the banking foundation sold part of the shares to private citizens. In 1999 a further 20% was sold to the Deutsche Bank (via its subsidiary Deutsche Bank S.p.A.), which was acquired by Banca Popolare di Milano (via subsidiary Banca di Legnano) in 2004, for €93 million.[4] The banking foundation retained 51.05% shares prior 2008 capital increase.[5] Prior to 2013 capital increases, the banking foundation held 50.45% shares, which was decreased to 50.42% on 28 March 2013.[6] The ownership was further diluted due to another capital increases in 2015.
In December 2012 the bank acquired 60.42% shares of Cassa di Risparmio di Biella e Vercelli, another Piedmontese bank, from Banca Monte dei Paschi di Siena for €206 million.[7] [8]
other bank of the provincial capital of Piedmont