ICCREA Banca

ICCREA Group, known formerly as Istituto Centrale delle Casse Rurali ed Artigiane, is a central institution of Italian credit unions and rural savings banks. The holding company of the group was ICCREA Holding (from 1995 to 2016), while ICCREA Banca, ICCREA BancaImpresa, and several other companies were subsidiaries. However, ICCREA Banca merged with ICCREA Holding in mid-2016 as part of the banking reform in Italy. The co-operative banks of Italy would create strong central banks (Cassa Centrale Banca had also applied to be another central bank) with power to recapitalize individual co-operative banks.

ICCREA Banca
Native name
ICCREA Banca
FormerlyIstituto Centrale delle Casse Rurali ed Artigiane
Company typeS.p.a. owned by cooperative banks
IndustryFinancial services
Founded1963
Headquarters
Rome
,
Italy
Area served
Italy
Servicesco-operative bank
Net income
 (€0024 million) (2016)
Total assets €46.855 billion (2016)
Total equity €01.596 billion (2016)
Subsidiaries
ICCREA BancaImpresa(99.33%)
BCC Assicurazioni(JV, 49%)
BCC Vita(JV, 49.06%)
Capital ratio 12.04% (Group CET1 Capital ratio, Dec.2016)
Rating
Moody'sno rating / withdrew
Fitch RatingsBBB- (January 2017)
Websiteiccreabanca.it
gruppobancarioiccrea.it
Footnotes / references
in consolidated financial statement

ICCREA has been designated as a significant institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.

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