Join the cooperative banking group promoted by thirty Cassa Centrale Banca instead of the one promoted by Iccrea Banca. This is the choice that the Board of Directors of Bcc of Castagneto Carducci will propose to the shareholders' meeting, which will be held on first call on 27 April and on second call on 13 May.
"The Cassa Centrale Banca project was unanimously considered to be the one capable of giving continuity to our way of banking - said the general manager of the institute, Fabrizio Mannari – in the context of the new scenario which obliges all mutual banks to join a cooperative banking group. In the meetings we had with the top management of the group and during the convention held by Cassa Centrale last March 31 in Milan, we understood perfectly that the group that is being born, in addition to being solid in terms of assets and technologically advanced , is a reality made up of men who are putting all their commitment and professionalism into this project”.
Moreover, the BCC of Castagneto had been the first Tuscan bank to join the initiative promoted by Cassa Centrale, as the pre-joining to the group - albeit not binding - had even been sent in the month of October 2016.
“This choice – continues director Mannari – will allow virtuous banks like ours to continue along the path of growth with new and greater prospects than in the past. Growth which, I want to remind you, has always occurred through a gradual and continuous expansion of the masses and not through mergers or incorporations. I would also like to point out that the Bank has always been managed in a sound and prudent manner and to date does not present redundancy problems, on the contrary, further recruitments are planned according to the foreseeable development that will take place in future years".
The meeting of 13 May will also have to approve the budget 2016, closed with a growth of administered masses which is close to 10%. The uses to customers increased by over 50 million and the direct collection by over 70 (+270 million in the last five years, from 618 million at the end of 2011 to 885 at the end of 2016). L'Useful exceeded 4,5 million.
As regards the non-performing loans, thanks to the provisions made in recent years (altogether almost 50 million euro in the last five years) the bank has raised the coverage of problem loans to almost 44%, in line with the average levels of the system. Non-performing loans account for 6% of loans and impaired loans overall for just over 11%, half the average level of the Italian banking system. The provisions made were validated by the Bank of Italy at the end of the inspection completed in March 2016.
As for the ., is close to 105 million euro, with a CET 1 ratio of 13,5%, a higher value than the average for the banking system. The growth in assets was also accompanied by an increase in the shareholder base, which reached almost 2.500 units.
