Not all CCBs are the same. Faced with the undoubted dynamism of some cooperative credit banks (especially in Tuscany and Trentino), there is no shortage of CCBs in obvious trouble and it is no coincidence that the government's reform measure of the entire sector is expected within days. There are almost forty CCBs with high risk loans.
Going deeper into the matter, it turns out that one out of ten cooperative banks in Italy has non-performing loans above 20% of the portfolio. The exact number is 37 units out of a total of 368 mutual banks active in our country.
The data processed by "Sole 24 Ore" on the 2014 financial statements of the mutual banks on the basis of the analysis conducted by the Mediobanca Research Department leave no room for doubt.
Although the 20% level is considered a critical threshold, there are those who have gone much further. The record for risky loans belongs to the Cassa rural and artisan of Camerano, with a rate of 37,9%. Second place in the standings for Banca di Teramo with 32,9%. Cassa di Pinzolo follows with 26,3%.
It is therefore not difficult to understand that it would take very little to cause losses that could have a significant impact on capital with all the consequences that the entry into force of the bail-in entails for shareholders and creditors.
The following the complete list of mutual banks with risky credits exceeding 20%:
1- Rural and artisan fund of Camerano: 37,9%.
2- Bank of Teramo: 32,9%.
3- Rural fund of Pinzolo: 26,3%.
4- Cassa rural di Mori: 26,2%.
5- Bank of Pistoia: 25,7%.
6- Agro-Bresciano CCB: 25,6%.
7- Bcc of Recanati: 25,5%.
8- Rural fund of Levico Term: 25%.
9- Brentonico rural bank: 24,5%.
10- Cooper Development Bank Credit: 23,9%.
11- Rural fund of Pergine: 23,5%.
12- Bcc del Vibonese: 23,5%.
13- Bcc of Paceco: 23,4%.
14- CCB of Ghisalba: 22,9%
15- Bcc Toniolo San Cataldo: 22,6%
16- Pinetana rural bank: 22,5%.
17- Banca Don Rizzo – Western Sicily Bcc: 22,3%
18- Rovereto rural fund: 22,2%.
19- Banca di Rimini credit cooperative: 21,9%.
20- CCB Cilentan Municipalities: 21,9%
21- Rural bank of Aldeno and Cadine: 21,8%
22- Bcc Sila Piccola: 21,8%.
23- CCB Prato area 21,7%.
24- Caldonazzo rural fund: 21,7%.
25- CCB Verbicaro: 21,3%.
26- Bcc Picena: 21,1%.
27- Bcc Gatteo: 20,9%.
28- Bcc del Nisseno: 20,8%.
29- CCB of Scafati and Cetara: 20,8%.
30- Bcc Morainic Hills of Garda: 20,7%
31- Bank of Anagni: 20,7%
32- Veneto Interprovincial cooperative credit: 20,6%.
33- Bcc Masiano 20,6%.
34- CCB Falconara Marittima: 20,5%.
35- Cooperative credit Central Calabria: 20,5%.
36- Bcc of Caltanissetta: 20,3%.
37- CCB of Lametino: 20,2%.
