Clash within the panorama of the mutual banks that gather in Federcasse. In the middle of the process self-reform of cooperative credit banks two protagonists clash for the role of group leader at the national level. It's about Iccrea, a second-tier bank, which offers services and products to the mutual banks themselves, and thirty Cassa Central Banca (25% owned by Dz Bank).
According to reports from Milano Finanza, Cassa Centrale Banca intends to form a parent company from 1 billion in assets with the purpose of act as supervisor for as many as 90 mutual banks, of which only 40 are thirty. However, the project, which was born with the intention of becoming autonomous from the central bandwagon of the cooperative movement headed by Federcasse, would not meet the favor of some Federations who see in it a sort of trespassing of Cassa Centrale from Trentino in their regions. In fact, many Federations have thought of proposing themselves as parent company at the macro-regional level and do not welcome the creation of two holding company-parent companies of national scope, in dispute with each other. In their vision, Iccrea would have been the national lead holding company with the underlying regional parent companies, in a two-level system.
The move by Cassa Centrale Banca instead changes this scheme and therefore tends to question the possible leadership of Iccrea. How to find a point of balance and cohabitation? Finally, in the process of self-reform, the role of the Raffaisen Central Cashier (South Tyrol) and one of the hypotheses on the table would be the creation of a holding company from scratch to which the three parent companies report directly.
Next week there could be important news on this issue both in view of the board of Iccrea Holding, scheduled for April 29, which on the occasion of a meeting of the Federcasse working group, which struggles more and more every day to control the tensions that erupt within it.
