Cassa di Risparmio di Pisa

CR Pisa
Native name
 Cassa di Risparmio di Pisa
Private company (S.p.A.) and non-profit legal person (Bank foundation)
Industry Bank
Fate merger (S.p.A. only)
Founded 15 June 1834 (1834-06-15)
1992 (Ente and S.p.A.)
Defunct 2006 (S.p.A. only)
Headquarters Pisa, Italy
Parent Banca Popolare di Lodi (S.p.A. only)

Cassa di Risparmio di Pisa is a former Italian regional bank and charity organization, based in Pisa, Tuscany. The bank section (S.p.A.) of the organization was sold to Banca Popolare di Lodi, which was completed absorbed into the saving bank of Lucca in 2006. The entity that owned the S.p.A. sine 1992, known as Ente Cassa di Risparmio di Pisa and then Fondazione Cassa di Risparmio di Pisa (currently Fondazione Pisa), still operates as a non-profit organization.

Bank

After 1990s Italian banking reform, the saving bank (Italian: Cassa di Risparmio) of Pisa, Florence, Livorno, Lucca, Pistoia, San Miniato as well as Banca del Monte di Lucca, formed a loose bank union: Holding Casse Toscane (literally Tuscan saving banks ). In 1996, CR Pisa, Livorno, Lucca and Banca Monte Lucca quit the union and formed Holding Casse del Tirreno (literally Tyrrhenian saving banks).[1] In 1999, CR Pisa, Livorno and Lucca were acquired by Banca Popolare di Lodi. In 2000 CR Pisa had 59 branches. At that time Casse del Tirreno owned 61.69% shares of CR Pisa SpA. Istituto di Credito delle Casse di Risparmio Italiane acted as a intermediate holding company (ICCRI, a subsidiary of Bipielle Partecipazioni, another intermediate holding company) that owned 50.01% Casse del Tirreno. However, CR Pisa SpA also owned 1.35% of Casse del Tirreno.[2] In 2001 Casse del Tirreno was absorbed into ICCRI – Banca Federale Europea (ex-ICCRI), which hold 61.31% shares; Bipielle Partecipazioni owned 12.97% of CR Pisa SpA.[3] In 2002 Bipielle Retail became the new intermediate holding company for the 74.28% shares,[4] while the Foundation of CR Pisa owned 25.63%. In 2003, through CR Lucca SpA, Banca Popolare di Lodi completely privatized CR Pisa SpA.[5] The Foundation of CR Pisa owned 7.48% shares of CR Lucca SpA instead. In 2006 CR Pisa SpA was completely absorbed into CR Lucca SpA, which the latter was renamed into CR Lucca, Pisa & Livorno SpA. On 1 July 2006 the Bank Foundation of Pisa owned 6.66% shares of the new entity.[6] The last annual report of CR Pisa SpA shown the bank had a shareholders equity of €504.789 million on 31 December 2005.[7]

Bank Foundation

Pisa Foundation, as of 31 December 2014, is the minority shareholders of Intesa Sanpaolo (0.066%), UniCredit (0.015%), Eni (0.033%), Enel (0.040%) and Società Aeroporto Toscano (the operator of Pisa International Airport) (8.623%).[8] Foundation Pisa had a shareholders equity of €496,220,272 on 31 December 2014.

On 15 January 2008 the foundation sold all their shares on CR Lucca, Pisa & Livorno SpA (6.66%) to Banco Popolare for about €116 million (about €2.47 per shares).[9][10] The foundation became a minority shareholders of Società Aeroporto Toscano in 2007; in 2009 the foundation owned 4.938% of the shares; in 2010 the ownership ratio increased to 5.208%; it reached 8.213% in 2011 and 8.623% in 2012.

References

  1. ↑ "La Storia: La Cassa di Risparmio" (in Italian). Fondazione Pisa. Retrieved 5 February 2016.
  2. ↑ "Bilanci 2000" (in Italian). Banca Popolare di Lodi. Retrieved 5 February 2016.
  3. ↑ "Bilanci 2001" (in Italian). Banca Popolare di Lodi. Retrieved 5 February 2016.
  4. ↑ "Bilanci 2002" (in Italian). Banca Popolare di Lodi. Retrieved 5 February 2016.
  5. ↑ "Bilanci 2003" (in Italian). Banca Popolare di Lodi. Retrieved 5 February 2016.
  6. ↑ "BILANCIO CONSUNTIVO Esercizio 2006" (PDF) (in Italian). Fondazione Pisa. 14 September 2010. Retrieved 5 February 2016.
  7. ↑ "Bilanci 2005" (in Italian). Banca Popolare di Lodi. Retrieved 5 February 2016.
  8. ↑ "BILANCIO CONSUNTIVO Esercizio 2014" (PDF) (in Italian). Fondazione Pisa. 6 May 2015. Retrieved 5 February 2016.
  9. ↑ "Il Banco Popolare acquisisce ulteriore 6,66% della Cassa di Risparmio di Lucca Pisa Livorno dalla Fondazione CR Pisa" (in Italian). Banco Popolare. 15 January 2008. Retrieved 5 February 2016.
  10. ↑ "BILANCIO CONSUNTIVO Esercizio 2008" (PDF) (in Italian). Fondazione Pisa. 26 June 2009. Retrieved 5 February 2016.

See also

other bank from the provincial capital of Tuscany

External links

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