Cassa di Risparmio di Fossano

What Cassa di Risparmio di Fossano does

Cassa di Risparmio di Fossano S.p.A. is a privately held regional Italian savings bank founded in 1904 and headquartered in Fossano (Cuneo province), Piedmont. The bank operates 18 branches across the Cuneo and Turin provinces and serves retail individuals, families, freelancers, SMEs, artisans, and the agricultural sector with a full-service offering: current and savings accounts, mortgage and personal loans, payment cards (BancAmica, CartaSì, Nexi), insurance distribution, securities custody and trading, and agricultural financing. Its core technology stack is outsourced to Cedacri Group S.p.A., which provides the multi-operator core banking platform, home banking (CRF Online), corporate banking (CRF Online Plus CBI), and PSD2-compliant APIs; the bank layers on its own CRFossano smart mobile app with biometric authentication and integrates Apple Pay for card payments.

The bank generates revenue through a traditional spread-based credit intermediation model (interest income on mortgages, chirographic loans, and agricultural financing) complemented by transaction-based commission income from account management, payment services, securities trading, and insurance product distribution. Pricing is published through mandatory transparency documents (fogli informativi) and includes tiered current account products — a standard Ordinario account, a no-fee Senza Spese account, salary/pension accounts with bundled services, a free youth account (18-26), and a professional account for self-employed workers. Internet banking is free of charge, and deposit protection is provided via membership in the Italian Interbank Deposit Protection Fund.

The bank is governed as a joint-stock company following its 1991 transformation under the Legge Amato (Law 218/90), which separated banking activity from the Fondazione Cassa di Risparmio di Fossano, a non-profit foundation that retains the founding share and conducts cultural, educational, and charitable programs in the territory. Recent performance has been record-breaking: equity reached EUR 234 million in 2025 (up from EUR 201 million in 2024 and EUR 100 million in 2009), with 2023 producing a record net profit of EUR 23.7 million and lending plus direct deposits each crossing the EUR 1 billion threshold. The institution is supervised by the Bank of Italy under Basel III and is ranked first in Piedmont and third in Italy among savings banks by Banca Finanza.

Name

Cassa di Risparmio di Fossano

Legal name

Cassa di Risparmio di Fossano SpA

Website

https://crfossano.it

Company type

Private

Founded year

1904

Operating status

Operating

Headcount range

1–10 employees

Short description

Cassa di Risparmio di Fossano is a privately held regional Italian savings bank founded in 1904, operating 18 branches across the Cuneo and Turin provinces. It provides retail, SME, freelance, and agricultural banking — current accounts, mortgages, loans, payment cards, insurance, and digital banking — built on a Cedacri core platform.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Commercial Banking (52211)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Retail Wealth & Bancassurance Distribution (Investment & Insurance via Bank) (FSABAAAJ)

Keywords

• Retail banking services
• Mortgage lending
• Corporate banking
• Payment cards
• Investment services

Headquarters

HQ city

Fossano

HQ country

Italy

HQ region

Europe

Offices18 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Traditional bank credit intermediation: interest earned on mortgage loans (mutui ipotecari), chirographic loans (prestiti chirografari), agricultural financing, and credit facilities. Includes first-home mortgages, construction loans, and home renovation loans. Revenue is generated through spread between lending rates and deposit costs.
2. Commission and Fee Income: Fees from account management, payment services (cards, transfers, bill payments), securities custody and trading, insurance product distribution, and corporate banking services (CRFOnline Plus CBI). Many core services (internet banking, specific account types) are provided free of charge, with fees applied to specific transaction types.
3. Insurance Distribution: The bank distributes insurance products (prodotti assicurativi) alongside its lending and payment services, generating commission income from insurance partnerships.
4. Securities and Investment Services: Revenue from securities custody (Obbligazioni CRF, Fondi Pioneer), trading commissions on the titoli deposit account, and investment advisory services (MIFID compliant). Market data provided in partnership with EClass and Milano Finanza.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Cassa di Risparmio di Fossano is a regional Italian savings bank that provides retail and corporate banking products including current accounts, savings books, mortgage and personal loans, agricultural financing, payment cards (BancAmica, CartaSì, Nexi), securities and investment services, insurance distribution, and bank bonds. The bank delivers these through an 18-branch physical network in Piedmont and three digital channels: CRFOnline home banking for individuals and small businesses, CRFOnline Plus CBI corporate banking with ERP integration, and the CRFossano smart mobile app.

Product overview

Cassa di Risparmio di Fossano is a regional Italian bank offering a comprehensive suite of banking products and digital services. The digital banking platform consists of three main channels: CRF Online (home banking for retail and business customers), CRF Online Plus CBI (corporate banking with CBI standard integration), and CRFossano smart (mobile banking app). Traditional banking products include current accounts, savings books, mortgage loans, personal loans, payment cards, investment services, insurance products, and bonds. The bank operates across the Piedmont region with branches in Fossano, Cuneo province, and Turin province.

Differentiator

Problem solved

Functional benefit

Brands

• CRF Online: Home Banking service for Privates, Families and Small Businesses/Artisans
• CRF Online Plus CBI
• CRFossano smart

Products and services

• Conto Corrente Ordinario Standard current account with variable credit interest rates based on balance tiers and fixed plus per-transaction management fees, for general retail customers in Piedmont.
• Conto Senza Spese Fee-free current account with no management fees; credit interest is paid only on balances above a predetermined threshold.
• Conto Stipendio / Conto Pensione Salary and pension account for employees and retirees with quarterly fee of EUR 9.75 + EUR 1.00 for statement delivery; includes free salary/pension credit, free ATM card, free chequebook, free utility direct debits, free internet banking, and free securities custody.
• Conto CRF Giovani Free current account for young customers aged 18-26, with no management fees and a free ATM card.
• Conto Liberi Professionisti Current account for self-employed workers and freelance professionals with quarterly fee of EUR 12.75 + EUR 1.00 statement delivery; includes 45 free operations per quarter, free corporate internet banking, and free securities custody.
• Conto Aziende Customized business current account solutions for companies at preferential conditions, with details negotiated at the branch level.
• Libretti di Risparmio Savings books available in nominative or bearer form, with optional 3- or 6-month time deposits.
• Mutui Ipotecari Mortgage loans (first-home, construction, and renovation) offered with fixed, variable, or mixed rate options, for retail and family customers in Piedmont.
• Prestiti Chirografari Unsecured personal loans for various financial needs of retail and family customers.
• Finanziamenti Agrari Dedicated agricultural financing for farming operations, including special-purpose loans under law and seasonal credit facilities.
• Carta BancAmica Debit card with PagoBancomat and POS functionality for retail and business customers; includes free SMS alerts for transactions in Italy and abroad.
• CartaSì Eura Prepagata Prepaid card for secure online and in-store purchases, with reload capability via the mobile app.
• Carte di Credito Nexi Credit cards issued through Nexi for individual and business customers, with options including Nexi Credit Individual, Nexi Credit Corporate, Nexi Prepaid EASY, and Nexi Debit.
• CRFOnline Home Banking Free home banking platform for private individuals, families, and small businesses / artisans, enabling transfers, MAV/F24/RiBa bill payments, securities portfolio management, market data via EClass and Milano Finanza, and digital document archive with digital signatures.
• CRFOnline Plus CBI Corporate Banking Corporate banking platform for companies and enterprises enabling CBI/XML import from ERP systems, batch payment processing, payroll management, SDD/MaV/RiBa portfolio management, and optional multi-bank account access.
• CRFossano Smart Mobile App Mobile banking application for tablets and smartphones enabling account consultation, payments, transfers, bill payments via QR code, car tax payment by license plate, securities portfolio management, ATM finder, and digital document retrieval; supports Finger Print biometric authentication.
• Firma Elettronica Avanzata (FEA) Advanced electronic signature service enabling digital document signing at branch counters, replacing paper-based processes with digitally signed and stored documents.
• Obbligazioni CRF Bank bonds and investment products offered to retail customers for portfolio diversification.
• Investimenti e Titoli Investment services including securities custody, fund management, and trading through CRFOnline home banking, with MIFID-compliant advisory and market data from EClass and Milano Finanza.
• Prodotti Assicurativi Insurance products distributed through the bank's branch network alongside lending and payment services, generating commission income from insurance partnerships.

Quantifiable outcome

• Patrimony reached EUR 234 million in 2025, a record; grew from EUR 201 million in 2024 and EUR 100 million in 2009.
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Cedacri Group S.p.A.coreTechnology or IntegrationCedacri Group S.p.A. provides the multi-operator core banking and internet banking platform (CORE, IHB Next) used by Cassa di Risparmio di Fossano. The bank has outsourced its technology infrastructure to Cedacri, including the PSD2 open banking interface. Cedacri operates the developer portal (developer.cedacri.it) for third-party provider access.
• Nexi (Payments)coreTechnology or IntegrationNexi provides credit cards (Nexi Credit Individual and Corporate), prepaid cards (Nexi Prepaid EASY), debit cards (Nexi Debit), and e-commerce payment gateway (Nexi Gateway) for the bank. Nexi also handles POS terminal management for merchants.
• Fondazione Cassa di Risparmio di FossanocoreStrategic or Co-development PartnerThe Fondazione (Foundation) is the philanthropic arm resulting from the 1991 spin-off under Legge Amato. It conducts annual grant programs (erogazioni), cultural initiatives including the 'è cultura' festival, the Beinaschi art collection exhibitions, school programs, and third-sector support. The Fondazione and the bank share the Cassa di Risparmio di Fossano brand and co-organize community initiatives.
• Associazione Bancaria Italiana (ABI)coreStrategic or Co-development PartnerCassa di Risparmio di Fossano participates in ABI initiatives including anti-fraud task forces, protocols against gender violence, mortgage support programs (sospensione rate mutui), financial literacy ('A Scuola di Risparmio', 'Inventa il Risparmio'), and the 'Parole di Inclusione' and 'Parole di Sostenibilità' campaigns. The bank is represented in ABI governance through its presidents.
• ACRI (Associazione di Fondazioni e di Casse di Risparmio Italiane)coreStrategic or Co-development PartnerThe bank and its foundation are members of ACRI, the national association of Italian foundations and savings banks. ACRI coordinates policy advocacy, the 'Manifesto della Filantropia' campaign, and supports the national 'Fondo per la Repubblica Digitale' and child poverty initiatives.
• Fondo Interbancario di Tutela dei DepositicoreOthersStatutory deposit protection scheme. The Cassa is a member, providing customer deposit insurance up to regulatory limits.
• Movimento ConsumatoriminorOthersJoint press release on consumer protection matters, signed jointly with other credit institutions in the territory.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Credito Emiliano (Credem): Italian regional savings bank (Cassa di Risparmio di Reggio Emilia) that has scaled beyond its region into national retail/wealth and corporate banking, closely comparable to Cassa di Risparmio di Fossano as a Cassa-rooted regional bank with similar product breadth and Fondazione-affiliated governance.
• Banca Sella: Piedmont-headquartered retail and corporate bank with a strong regional presence and a comparable mix of retail deposits, SME lending, and payments services, plus a meaningful digital/innovation arm — directly comparable to Fossano as another Piedmont-rooted regional bank.
• Cassa di Risparmio di Saluzzo: Regional Piedmont savings bank serving the Saluzzo area (Cuneo province), sharing the same Cuneo provincial territory with Cassa di Risparmio di Fossano, the same Cassa di Risparmio/SpA structure post-Legge Amato, and similar branch-based retail/SME offerings.
• Biver Banca: Piedmont-rooted regional bank formed from the merger of Cassa di Risparmio di Biella and Vercelli, operating a similar retail/SME/community banking model in neighboring Piedmont provinces with comparable Fondazione-driven governance structure.
• Banca Carige: Italian regional bank headquartered in Genoa, Liguria, with a historical savings-bank-like identity, retail and SME focus, and similar post-crisis regional banking profile — comparable as a peer regional Italian bank.
• Cassa di Risparmio di Asti (Banca di Asti): Italian regional savings bank (Cassa di Risparmio) headquartered in Asti, Piedmont, with a similar community-based relationship model, retail and SME banking focus, and comparable scale — directly comparable to Cassa di Risparmio di Fossano along geography and product mix.

Broad incumbents

• UniCredit: Pan-European banking group with a large Italian retail and SME banking franchise historically spanning Piedmont through Credito Italiano / UniCredito; competes with Cassa di Risparmio di Fossano as a large broad-market incumbent.
• Banco BPM: One of Italy's largest banking groups, formed in part from mergers of regional Italian banks (including Cassa di Risparmio di Lucca Pisa Livorno) and now serving retail, SME, and corporate customers nationally — a direct broad competitor in the regional Italian banking segment where Cassa di Risparmio di Fossano operates.
• Intesa Sanpaolo: Italy's largest banking group with a deep Piedmont heritage (Banca Intesa, Sanpaolo IMI) and broad retail, SME, and corporate banking franchise nationwide — competes directly with CRF for retail deposits, mortgages, and SME credit across Cuneo and Turin provinces.

Emerging players

• FinecoBank: Italy's leading direct/multichannel retail bank focused on current accounts, payments, investment advisory, and digital-only onboarding; competes with CRF on retail deposits, free online banking, and investment services, especially in Piedmont's digitally savvy segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cassa-di-risparmio-di-fossano

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cassa di Risparmio di Fossano