Gruppo BCC Iccrea

Gruppo BCC Iccrea is the largest cooperative banking group in Italy, the only national banking group with entirely Italian capital, and the fourth-largest banking group in Italy by assets, with a consolidated asset total of 175 billion euros as of December 31, 2023. The group was established on March 4, 2019, as part of the Italian Cooperative Credit Reform, which mandated all Cooperative Credit Banks to join a Cooperative Banking Group. This entity is a completely new presence in the Italian and European banking landscape, inheriting a sixty-year history from the establishment of the Credit Institute of Rural and Artisan Credit Banks in 1963. Currently, Gruppo BCC Iccrea consists of 115 Cooperative Credit Banks, spanning over 1,700 Italian municipalities with nearly 2,500 branches, in addition to other banking, financial, and instrumental companies controlled by BCC Banca Iccrea. As of December 31, 2023, the group's banks across Italy realized 91 billion euros in net loans, with a customer-direct collection of approximately 135 billion euros, serving over 5 million clients and about 860 thousand members. Noteworthily, Gruppo BCC Iccrea boasts one of the strongest capital quality positions among banking groups, with a CET 1 Ratio of 21.1% as of December 31, 2023. The company operates within the industries of finance, financial services, and banking, and is headquartered in Italy.