Cassa di Risparmio di Saluzzo explained

Trade Name:C.R. Saluzzo
Cassa di Risparmio di Saluzzo
Type:subsidiary of a listed company
Founded:1901
Founders:-->
Hq Location City:Saluzzo
Hq Location Country:Italy
Area Served:Piedmont
Num Locations:27 branches
Num Locations Year:2015
Net Income: €2,636,595
Net Income Year:2014
Assets: €1,099,982,917
Assets Year:2014
Equity: €78,093,087
Equity Year:2014
Owner:BPER Banca (100%)
Parent:BPER Banca

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 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.

See also

Notes and References

  1. Web site: La fusione di Banca crt e UniCredito Italiano. The fusion of Banca CRT and UniCredito Italiano. 19 September 2011. 31 March 2015. UniCredit. Italian. Giampietro. Morreale. https://web.archive.org/web/20150402114417/https://uninews.unicredit.eu/dbcommon/file/press/files/allegato13728_1.pdf#. 2015-04-02. dead.
  2. Web site: Bilancio individuale 2006. 10 November 2007. 16 February 2016. Banca Popolare dell'Emilia Romagna (BPER). Italian. https://web.archive.org/web/20161012014456/http://www.bper.it/wps/wcm/connect/02c6a5004900a4079a8edae4fe72f983/bil+individuale+2006.pdf?MOD=AJPERES&CACHEID=02c6a5004900a4079a8edae4fe72f983#. 2016-10-12. dead.
  3. Web site: Bilancio Consuntivo 22° Esercizio 1.1.2014 - 31.12.2014. 17 June 2015. 2 February 2016. Fondazione Cassa di Risparmio di Saluzzo. Italian.
  4. Web site: RELAZIONE DEGLI AMMINISTRATORI SULLA GESTIONE [2014]]. 29 April 2015. 2 February 2016. BPER. Italian. https://web.archive.org/web/20160316010029/http://www.bper.it/wps/wcm/connect/b11ff1004b4394918924ff3b9cc22bbe/Bilancio+di+esercizio+2014.pdf?MOD=AJPERES&CACHEID=b11ff1004b4394918924ff3b9cc22bbe. 16 March 2016. dead.
  5. Web site: 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. 13 April 2016. 7 October 2016. BPER. https://web.archive.org/web/20161009144023/http://www.gruppobper.it/wps/wcm/connect/916c9c004c63c246bd3dfdca9c685bd2/BPER_COM+13.4.2016_CR-SALUZZO_signing+SPA_eng.pdf?MOD=AJPERES&CACHEID=916c9c004c63c246bd3dfdca9c685bd2. 9 October 2016. dead.
  6. Web site: BPER BANCA TAKES OVER CASSA DI RISPARMIO DI SALUZZO. 4 October 2016. 7 October 2016. BPER. https://web.archive.org/web/20161009143526/http://www.gruppobper.it/wps/wcm/connect/a3d605804e799361bf83fffd4827232c/BPER_COM+4.10.2016_CR_Saluzzo_ENG.pdf?MOD=AJPERES&CACHEID=a3d605804e799361bf83fffd4827232c. 9 October 2016. dead.

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