Cassa di Risparmio di Bra
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Cassa di Risparmio di Bra was an Italian regional bank. The bank was based in Bra, in the Province of Cuneo, Piedmont.
| CR Bra | |
| Type | subsidiary of a listed company |
| Founded | 1763 (Mount of Piety)[1] 7 July 1842[2] |
| Headquarters | Bra , Italy |
 (€9,917,520) (2014) | |
| Total assets | €1,443,372,657 (2014) |
| Total equity | €66,750,151 (2014) |
| Owner | BPER Banca (84,286%)[3] Fondazione CRB (15,714%) |
| Capital ratio | 7.47% (Tier 1)[4] |
| Website | www |
Due to Legge Amato, the bank was split into a società per azioni and a non-profit banking foundation on 20 December 1991 (gazetted on 18 January 1992).[5] Cassa di Risparmio di Torino (Banca CRT) once became a minority shareholders of the bank.[6] However its successor, UniCredit sold their possession on Bra (31.021%), Fossano (23.077%), Saluzzo (31.019%) and Savigliano (31.006%) to Banca Popolare dell'Emilia Romagna for about €149 million in 2006. (which BPER paid €32.827 million for CR Bra's shares)[7] In February 2013, BPER acquired an additional 35.98% shares from the foundation for around €23.9 million. After the deal BPER owned 67% shares.[8]
In March 2020, BPER Banca decided to absorb Cassa di Risparmio di Bra (CR Bra), through a merger by incorporation that took effect on 27 July 2020 .[9]
