The exit from the world of the CCBs and the introduction of the corporate form of joint stock company did good for Banca Cambiano 1884, the only Italian bank to have exercised the way out of cooperative credit envisaged by the recent reform and from this year the first independent bank in Tuscany .
In 2017, according to the pre-final data disclosed by the general manager of the bank Francesco Bosio in a recent meeting with the staff, Banca Cambiano 1884 recorded total funding of over 3 million euros with an 11% growth (of which 9,45% from direct deposits) which exceeded forecasts and came close to the absolute record of 2015 achieved by the then Bcc di Cambiano, of which the new bank inherited by merging with Banca Agci.
A significant leap was also recorded in loans (+8,5%) which exceeded 2 million and 300 thousand euros, in strong contrast with the regional trend and with a loan-deposit ratio of 91%.
The payment of 52 million in tax to be able to exercise the way out, against which the bank appealed due to possible flaws of unconstitutionality, instead reduced its equity by lowering the total capital ratio from 14,6 to 12,30% and leaving open leads to possible future entry into the capital of friendly banks or institutional investors.
Following the merger, the employees of Banca Cambiano 1884 finally rose to 363 units for a total of 42 branches rooted mainly in Tuscany but also in Bologna, Turin and Rome.
