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 1921. 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 , the bank was split into two organizations, a
società per azioni (s.p.a.) and a
banking foundation. In the same year, a subsidiary, Cassa di Risparmio di Trieste Specialcredito, which specialize in 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. In 2002 the S.p.A. was absorbed by
Credito Italiano; the
legal person of Credito Italiano then renamed into
UniCredit Banca, as the new retail arm of the banking group. Several subsidiaries were also spin off from UniCredit Banca in 2003 as separate entities of the group. The Croatian subsidiary of C.R. Trieste was merged into
Zagrebačka banka, while C.R. Trieste Ireland was liquidated, as it was overlapped with UniCredit Bank Ireland (UniCredito Italiano Bank (Ireland) plc). ==Subsidiaries==