Record profits in 2023 for Castagneto Banca 1910, a leading local bank on the Tyrrhenian coast of Tuscany, which aims to be an "innovative and inclusive bank"
The 51% of Bcc Vita would be estimated at over 150 million euros, but the purchase of a further 19% could bring the final outlay to over 200 million. An earn-out mechanism on collection targets is also contemplated
The Bcc of Castagneto Carducci is an example of a virtuous local bank: accounts in order, links with the territory, territorial expansion plan: - General Manager Mannari: "Our role is this and it is what distinguishes us from the big…
Despite a very delicate economic context, the Bcc group headed by Cassa Centrale Banca increased its 2020 aggregate profit by 9%
INTERVIEW WITH FABRIZIO MANNARI, Director General of the BCC of Castagneto Carducci - "Submitting the Bccs to the supervision of the ECB is a serious mistake because equating them to the large national banking institutions risks dispersing their wealth of knowledge and relationships…
The Montecitorio hall approved the decree on the rescue of Banca Popolare di Bari which now goes to the Senate - The amendments on the CCBs have been set aside for now but the Government undertakes to present a provision but the green light…
In the next few hours, the Chamber will examine some amendments to the decree on the Popolare di Bari which provide for institutional protection systems for the mutual banks which, on the model of Trento and Bolzano, would emancipate them from the cages of the two national holdings
The Association cites two studies demonstrating the greater efficiency of local cooperative banks and asks that they be taken into account in the application of the legislation on capital requirements and on the weighting of assets defined as risky
On April 30 the assembly to elect the board of directors of the parent company - According to Radiocor, in the list of candidates of the cooperative credit banks there would be neither the former number one of the Bcc associative system, nor the president of the Bcc of…
Millions of CO2 in the atmosphere less in one year thanks to the work of Bcc Energia. In ten years, 21 million euros saved thanks to a platform that monitors consumption.
Unanimous green light from the assembly - Assets rise to almost two billion euros - Iccrea becomes the parent company of the Mutual Banking Group that is being set up
The Bcc of the North would like to change the leadership of Iccrea which is preparing to take off as the first national holding company of cooperative credit but the Bcc of Rome is blocking - The battle promises sparks: not only the polltrone are at stake
Faced with the silent dissent of the Bank of Italy and the alarm of a part of the cooperative credit, the Government wavers on the counter-reform of the CCBs and does not rule out a backtrack - The danger of pushing more than twenty…
The League convinced the Five Stars to dismantle the Renzi reform of the Bccs by canceling the obligation for cooperative credit banks to join national groups with an amendment to the tax decree, as requested by the small banks of the North...
Iccrea and Cassa Centrale Banca have sent a letter to the various mutual banks to request the convening of the meetings called to amend the statute and adopt the Cohesion Pact - The aim is to start by 1 January
The Prime Minister explains that with the new decree the time for aggregations increases and the shareholdings in the parent company rise to 60% - Tria: "Strengthened the link with the territory" - News also for interceptions and bonuses...
Six months more time for the 300 mutual banks to decide whether to join Iccrea, Cassa Centrale Banca or the Raiffeisen group
According to the Economy Minister, "a great sense of responsibility" is needed - Tria has announced the creation of a task force on the flat tax - On basic income: "It will be done by transforming existing tools". -
Confcooperative, Federcasse and the three cooperative banking groups ask the government not to "review" the 2016 reform - On 6 June, the Premier spoke of a review of the provisions on Bcc and cooperative banks
In the reply to Deputies for the vote of confidence, the premier announces the revision of the two banking reforms, long advocated by the Bank of Italy and implemented by the Renzi government and warns that the opportunity to distinguish the commercial banks is being evaluated…
The new provisions of the Bank of Italy enter into force today and concern important profiles for the qualification of the CCBs as mutual banks of a local nature - The intervention completes the reform of the sector of cooperative credit banks
The thirty Ccb therefore burns Banca Iccrea on time and presents the application in advance of the deadline set by via Nazionale for next 4 May.
This is the third banking group born following the cooperative credit reform, alongside the two giants gathered around Iccrea and Cassa Centrale Banca.
On the day in which the extraordinary shareholders' meeting approves the capital increase of Cassa Centrale which raises the capitalization to 1,26 billion euros with the contribution of the 100 participating CCBs for 700 million and the instrumental companies for another 130…
A Group with 148 billion euro of assets and 12 billion euro of assets - It will be the leading local bank in the country - Magagni, President of Iccrea: "We want to continue making a difference".
The major Bcc of Tuscany cancels the previous choice of Cassa Centrale Banca and arrives at Iccrea: yesterday the turnaround of the board of directors and "quickly" the assembly of ChiantiBanca to approve the new choice of field
Third reverse in a year and a half of ChiantiBanca, the largest CCB in Tuscany, which, after having contemplated the transformation into a joint-stock company and having chosen to join the Cassa Centrale Banca group of Trentino people, is now about to change everything…
The Director General of the Bcc of Castagneto Carducci, the leading bank of cooperative credit in Tyrrhenian Tuscany, explains the reasons for joining the Cassa Centrale Banca which will become the parent company of 110 Bccs and underlines how the Supervision of the Bank of Italy has…
The tone of the dispute between the two groupings of cooperative credit rises but forgetting the industrial plans - Iccrea on one side and Cassa Centrale Banca on the other - while the solution of some banking crises and the nationalization of…
Fracalossi explained that 23% of Iccrea is worth about 260-270 million in a nutshell and that, on the contrary, the CCBs that have joined Iccrea have "little or nothing" of Cassa Centrale - By the end of the year we will start discussing…
The reorganization of cooperative credit into three top bodies (Iccrea, Cassa Centrale Trentina and Cassa Centrale Alto Adige) does not resolve the critical points of the CCBs which are both industrial and commercial and which present unsustainable governance in the face of…
The transformation of the mutual banks initiated by the reform is more difficult than expected and needs farsighted managers, new capital and an ever-increasing contribution from the financial market - A STUDY ON THE REFORM IS ATTACHED
The old guard of Chiantibanca surprisingly defeats the list of president Bini Smaghi at the meeting and regains control of the bank it had managed, causing a loss of 2016 million in 90 - Confirmation of membership of Cassa…
Castagneto Carducci's Bcc board of directors opts for the Cassa Centrale Banca group promoted by the people of Trentino: the last word at the assembly
INTERVIEW with ANDREA COPPINI, Head of Digital & Innovation of ICCREA BANCA, which brings together most of the mutual banks and which has invested in two fintechs, Satispay and Ventis, which "integrate the bank's strategy by bringing together customers, businesses and…
Cassa Centrale Banca did it: it raised the 600 million needed to build the minimum assets of one billion to launch the second national group of mutual banks as an alternative to Iccrea-Federcasse: 111 are about to join the Trentino initiative…
In 2016, loans to customers rose to over 7 billion euro (+3,3%) and direct deposits to 9,5 billion euro (+3,9%) - Net profit of 18,1 million euro and interest at 179,1 million…
Faced with the profound transformations underway in Italian society and the economy, it is important that the branches of the Bank of Italy and the banks most deeply rooted in the territory, starting with the CCB, increase their information and knowledge of local markets…
The division of the cooperative credit movement between Iccrea and Cassa Centrale Trentina risks weakening the CCB system and leaves many questions open: what will be the future of the guarantee funds and where are the industrial projects of the…
The changing of the guard at the top of Federcasse after the vertical split of the cooperative credit movement and the consequent departure of President Azzi after a quarter of a century and his replacement by Dell'Erba seems to open the…
The top management of the Tuscan bank today presented the new banking reality that arises from the merger between the Bcc di Cambiano, the oldest Bcc in Italy, and Banca Agci and which represents the first way out of cooperative credit…
There will probably be three groups that will aggregate the cooperative credit banks at national or regional level: Iccrea, Cassa Centrale Banca and Raiffeisen Cassa Centrale - Banca d'Italia has asked them to present their plans by January -…
The Banca di Frascati Credito Cooperativo has an agency in Frascati, 13 employees, customer loans for 29,6 million euros and direct deposits of 47,1 million euros - The president of Bcc di Roma Francesco Liberati: "The…
After the failure of the negotiations to maintain the unit of cooperative credit and the pre-adhesion of about a third of the CCBs to the group led by Trentino, the president of Federcasse, Alessandro Azzi, is oriented towards confirming his resignation, which at the moment…
The meeting of ChiantiBanca, the second CCB in Tuscany chaired by Lorenzo Bini Smaghi, unexpectedly shelved the way out of cooperative credit, previously requested from the Bank of Italy, and joined the newly established national group of CCBs led by the Cassa Centrale delle CCB…
After the clamorous resignation of President Rainer Masera, the Temporary Guarantee Fund of the Bcc is more than ever in the eye of the storm for having financed the Banca Paceco commissioned for mafia - Fifteen banks ask for clarifications and threaten to contact…
The Federcasse, the association that brings together most of the Italian CCBs, is now on the verge of splitting: the assembly that was supposed to promote reconciliation between the central group and that of the Trentino people has clamorously failed, paving the way for the formation of two…
The Bcc of Rome, the Piedmontese Bcc of Alba, Langhe, Roero and Canavese and the Tuscan Bcc of Cambiano are the top three cooperative credit banks: this is what emerges from the ranking drawn up by Mediobanca in the latest census of the "Major…
The news of the day is certainly the reopening of the Brexit games, but there is also more in the FIRSTonline compilation.
The largest Italian cooperative credit bank achieved a net profit of 17,1 million in the nine months of the current year, with an interest margin of 131,7 million (+4,2%) and a intermediation equal to 205,6…
Via Nazionale has today published the implementation rules of the cooperative credit reform - The deadline for presenting the applications for the constitution of the groups expires on May 3, 2018, but we will try to speed up the time - Only three…
The IT issue is more than ever at the center of the reconfiguration of the BCC groupings after the cooperative credit reform which pushes for the expansion of the offer of digitized services, the diversiifcation of risks and the rationalization of costs
The CCB members of Cassa Centrale Banca announce at the Verona conference the capital increase of 600 million by March 2017 to create the second national group of cooperative credit as an alternative to the bureaucratic and centralistic bandwagon of Federcasse - Oltre…
The Cassa Centrale Banca, to which Casse rurali trentino and Bcc del Nord Est adhere, has crossed the Rubicon and on Thursday at the Veronafiere Congress Center will illustrate the strategic project and the roadmap that points to the birth of the group…
Former minister Rainer Masera leaves the presidency of the temporary cooperative credit fund, the body set up by the sector reform law with the aim of promoting consolidation and concentration processes of the CCBs - Augusto dell'Erba takes his place.
The Bank's Supervisory Authority is ready to examine the establishment of a second parent company of the CCBs, i.e. essentially that of the Trentino CCBs and theirs in the rest of Italy, provided that all the provisions of the reform are scrupulously respected and…
Thus Carmelo Barbagallo, head of Supervision of the Bank of Italy speaking of the reform of cooperative credit - The next step will be precisely the establishment of a single parent company or two.
From relations with banking foundations to the distinction between commercial and investment banks, from special legislation for Popolari and Bcc to the transparency of information prospectuses: here are the points on which the State should intervene to correct market errors…
The Tuscan Bcc chaired by Lorenzo Bini Smaghi has submitted an application to the Bank of Italy to transform itself into a joint stock company and not join the parent company of the Bccs headed by Federcasse - In the autumn the proposal, foreseen by the recent reform of…
The warning launched in Federcasse by Governor Visco at the Bank of Italy meeting is shaking up the world of cooperative credit: ways out and plans to create new alternative groups are growing - The secondary legislation of…
Fifteen mutual banks in northern, central and southern Italy are ready to create a second national cooperative banking group outside the influence of Federcasse: they have 156 branches and 1.107 employees throughout the country, own funds of 709 million euros,…
INTERVIEWS OF THE WEEKEND - According to economist Marco Onado, the Italian banking model, based on retail, remains the safest, but the weakness of growth and low rates accentuate the insufficient profitability of our credit institutions which will have to review all…
This was stated by Lorenzo Bini Smaghi, the new president of ChiantiBanca, on the sidelines of a seminar at the Luiss University, referring to the possibility of the so-called 'way-out' desired by Prime Minister Matteo Renzi in the reform of the CCBs.
Strong warning from the two American agencies on the main American systemic banks that will have to comply by October XNUMX - The "Too big to fail" problem is back in the news and it is no coincidence that Democratic Senator Sanders proposes the…
The shareholders' meeting of ChiantiBanca, one of the major cooperative credit banks in Tuscany and Italy, elected a banker of international standing as Lorenzo Bini Smaghi (formerly on the board of the ECB and current president of Societè Génerale) as president: he is one…
The honorable Giampaolo Galli (Pd) responds to the remarks on the recent reform of the CCBs, on the way out and on the compound interest contained in the letter to FIRSTonline from the president of the Senate Industry Commission, Massimo Mucchetti - "One cannot underestimate the fact that the…
The Hall of Palazzo Madama definitively approves the government decree which includes the reform of the mutual banks, the abolition of anatocism and public guarantees on non-performing loans. - The way out is central for the CCBs that do not intend to be part of the…
The go-ahead for the merger between Banco Popolare and Bpm and the approval of the CCB reform in the Chamber are two excellent news that arise from the Renzi government's determination to modernize and strengthen the banking system with reforms…
The banking decree contains the reform of cooperative credit and the state guarantee on non-performing loans - M5S announces obstructionism: the final vote will probably arrive during the night - The government wants to lock down the text: the second reading in the Senate must finish…
The decree containing the reform of the CCBs and the state guarantee on securitizations will face the confidence vote of the Chamber - the Finance Commission approves the way out for corporate institutions and the amendment that cancels the banking compound interest.
Starting next Monday, the decree on banks which contains the reform of the Bccs will land in the Chamber after the examination by the Finance Commission and the amendments that have perfected the freedom of exit for the Bccs that do not intend to be part of…
First Consob, then Bankitalia, Abi, Federcasse and trade unions. Hearings on the bank decree which also includes the reform of the CCBs begin on Thursday - Probable changes to the text with a majority amendment.
The reform decree of the CCBs needs to be improved and made more European - Once the indivisibility of the reserves has been resolved, the barriers to exiting the single CCB holding cannot be represented by an ambiguous 20% tax but by other parameters…
Many controversies on the reform of the CCBs are completely misleading and seem to respond solely to political aims that ignore the substance of the matter or to the hegemonic dreams of Federcasse - In reality, freedom of exit, for the CCBs that do not…
Strengthening the cooperative credit system and guaranteeing freedom for the individual CCBs to leave the single holding project envisaged by the reform is not impossible: it is enough to follow a path already envisaged by the Consolidated Banking Law (Tub) and already successfully tested…
"Banking and savings: what changes with the bail-in" is the theme of the public meeting promoted for Saturday 13 February by the Bcc of Castagneto Carducci in Livorno (Chamber of Commerce, Sala Auditorium, 10 am) - Speakers Alfredo Macchiati of Luiss and Lorenzo Gai…
The CDM has approved the decree which includes the reform of the CCBs, the transposition of the EU agreements for impaired loans, bad banks and adjustments to bankruptcy law - The criteria for repayments to savers have been postponed…
Very hot days for Italian banks, always in the sights of the Stock Exchange, which during the week await the government reform for the CCBs and for the implementation of the European agreement on bad banks, the Unicredit accounts, the definitive pronouncement of the TAR on…
If the Government were to adopt the centralized reform scheme of the CCBs suggested by Federcasse, it would not only distort cooperative credit but would give life to a banking model increasingly oriented towards gigantism in a country where…
CONFERENCE LUISS - According to Capriglione (Luiss, formerly Bank of Italy) the reform of the CCBs based on the concentration in a single parent company risks erasing the very nature of cooperative credit banks and exposing them to unsustainable competitive pressures - For Rainer…
It seems that the government has chosen to lengthen the time to make the final touches to the guarantee scheme on the securitization of non-performing loans.
The Capriglione Onlus Foundation and the Luiss University of Rome are promoting a round table on "The self-reform of cooperative credit banks" on Wednesday 3 February, two days before the Council of Ministers which should approve the reorganization decree of the CCBs…
In times of economic recovery, the theme of innovation becomes crucial for local banks - Four fronts of change: the corporate form, a new European regulatory context, the industrial renewal of the banking system and above all technological renewal.
Given the very tight deadlines for the development of the rules on guarantees, the reform of the CCBs is postponed to the Council of Ministers next week and will be contained in the same decree that will contain the public guarantee on the securitization of non-performing loans.
Although they are characterized by greater solidity than national commercial banks, one CCB out of ten has non-performing loans above the threshold of 20% of the portfolio, a peculiarity that could create quite a few problems. Here are the banks of…
The self-reform project presented by Federcasse and focused on the establishment of a new single parent holding company of the Bccs seems to change a lot in order to change nothing - There are no savings or efficiency recoveries and least of all…
Among the various reform hypotheses of the Bccs, the most interesting is that represented by the spin-off of their banking activities into a vehicle having the legal form of a joint stock company initially owned 100% by the members of the cooperative of the same original Bcc…
The provision could be included on the agenda of the last day of the Council of Ministers to be held before the end of the year.
"Regulation, profitability and the future of banks" is the theme of the training meeting promoted this afternoon in Florence by the Bcc di Cambiano, the first cooperative credit bank in Tuscany - The central report will be presented by the former rector of Bocconi, Roberto…
MEDIOBANCA R&S RANKINGS - The Bcc of Rome is confirmed as the first cooperative credit bank in Italy with total assets of 10 and a half billion. Second is the Bcc of Alba-Langhe-Roero, third is the Bcc of Ravenna and Imola, fourth…
According to the head of supervision of the Bank of Italy Carmelo Barbagallo, the reform of the system of cooperative credit banks is "necessary and urgent" to guarantee these banks their very survival.
The self-reform project of Federcasse remains on the high seas but something is moving among the more dynamic CCBs and there are those who are thinking of the spin-off of the bank into a joint-stock company that the cooperative would acquire ownership of: a virtuous solution "for…
The Bcc of Cambiano, the first Bcc in Tuscany, presents and opens to the public today Villa Fagan, which after the restoration becomes its new Florentine headquarters - In the villa in viale Gramsci 34, visitors will be able to see the exhibition "The automobile"…
The cooperative credit reform is postponed to September but mainly two hypotheses seem to remain in the field: that of Iccrea Holding Federcasse and that of Cassa Centrale Trentina but the disparity of forces and any aggressive behavior on prices…
