Industry Financial services Products Retail banking Net income 65.67 million EUR (2014) Total equity 624.3 million EUR (2014) | Area served Piedmont, Lombardy Headquarters Asti Total assets 12.32 billion EUR (2014) | |
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Native name Cassa di Risparmio di Asti Type private limited company (S.p.A.) Owner Fondazione CR Asti (37.82%)
BP Milano (13.65%) Founded 25 January 1842, Asti, Italy Parent organization Fondazione Cassa Di Risparmio di Asti Subsidiaries Cassa di Risparmio di Biella e Vercelli | ||
Intervista a mario sacco presidente fondazione cassa di risparmio di asti
Cassa di Risparmio di Asti known as Banca CR Asti or just Banca di Asti, is an Italian retail bank based in Asti, Piedmont. It serves Piedmont and Lombardy regions.
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History
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). 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. The banking foundation retained 51.05% shares prior 2008 capital increase. Prior to 2013 capital increases, the banking foundation held 50.45% shares, which was decreased to 50.42% on 28 March 2013. 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 €205,522,293.90.