Association of Italian Foundations and Savings Banks (ACRI)

The Association of Italian Foundations and Savings Banks (Associazione di Fondazioni e di Casse di Risparmio Spa, ACRI) was established in 1912 by Savings banks. Starting from 1990, the association shifted gradually its focus from savings banks to foundations of banking origin (established in the early ’90 by a specifc law called ‘Amato law’ by the name of the Prime Minister who promoted it). ACRI promotes and supports the activity of foundations of banking origin and savings bank, providing them with services, training, advocacy actions and running common projects at a national level.

Mission

ACRI’s statutory goals are: to represent and protect the interests of its members, so that they can achieve their institutional goals, safeguard their assets and pursue economic and technical development; to coordinate its members’ activities in their areas of interest for greater effectiveness as well as to encourage the implementation of joint and common-interest projects; to search and foster cooperation opportunities between members and Italian and foreign entities, companies and relevant organisations; to negotiate the terms and conditions of conventions and agreements to be submitted to the members for approval.