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.
Trade name | C.R. Saluzzo |
|---|---|
| Company 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 |
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. 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)
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.