Formerly called
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Cassa di Risparmio di Trieste | ||||
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Industry | Financial services | ||||
Fate | merged to form single brand UniCredit | ||||
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Founded |
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Defunct | 2002 | ||||
Headquarters | Trieste, Italy | ||||
Number of locations
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Area served
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Profit |
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Total equity |
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Owner | UniCredit (79.67%) | ||||
Parent | UniCredit | ||||
Website | http://www.crtrieste.it | ||||
Footnotes / references source: 2000 financial figures was originally in Italian lira, but at that time already pegged with euro |
Cassa di Risparmio di Trieste was an Italian savings bank headquartered in Trieste, Friuli – Venezia Giulia region. In 1992, due to Legge Amato , the bank was split into three organizations: Cassa di Risparmio di Trieste - Banca S.p.A., its subsidiary in special credito and Fondazione CRTrieste. The bank (the S.p.A.) joined newly formed banking group UniCredit in 1999. The bank, as a brand and a subsidiary, was survived until 2002, which the bank was merged with 6 other sub-brands to form UniCredit Banca and other divisions of UniCredit.
Founded in 1842 in the Imperial Free City of Trieste, in the Austrian Empire. The city later became the capital of the Austrian Littoral of the empire and belongs to the Kingdom of Italy since 1919. Since joined Italy, the bank merged with other savings bank such as bank from Postumia due to a decree-law enacted in 1927. (Postumia belongs to Italy between the two world war, but now located in Slovenia.)
A report by Mediobanca, shown the bank was ranked 75th by total assets in 1988, among all type of commercial banks of Italy.
In 1992, due to Legge Amato , the bank was split into two organizations, a società per azioni (s.p.a.) and a banking foundation. At first the S.p.A. had a share capital of 220 billion lire.
In 1998, The Economist credited the bank as "Italy's most successful international bank" for its cross-border banking Trscanska Stedionica – Banka. In the same year, a subsidiary, Cassa di Risparmio di Trieste Specialcredito, which specialize in credito fondiario such as public works and medium-long term loan, was sold to Assicurazioni Generali, which became Banca Generali. Before the handover of the company, the medium-long term loan business was sold back to Cassa di Risparmio di Trieste.