 | This article needs to be updated. (September 2023) |
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Native name | ICCREA Banca | ||||||
|---|---|---|---|---|---|---|---|
| Formerly | Istituto Centrale delle Casse Rurali ed Artigiane | ||||||
| Company type | S.p.a. owned by cooperative banks | ||||||
| Industry | Financial services | ||||||
| Founded | 1963 | ||||||
| Headquarters | Rome , Italy | ||||||
Area served | Italy | ||||||
| Services | co-operative bank | ||||||
 (€24 million) (2016) | |||||||
| Total assets | €46.855 billion (2016) | ||||||
| Total equity | €1.596 billion (2016) | ||||||
| Subsidiaries |
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| Capital ratio | 12.04% (Group CET1 Capital ratio, Dec.2016) | ||||||
| Rating |
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| Website | iccreabanca.it gruppobancarioiccrea.it | ||||||
| Footnotes / references in consolidated financial statement[4] | |||||||
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 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.[5][6]
- ^ "Holdings of the banking Group Iccrea" (PDF). ICCREA Holding. 19 February 2016. Archived from the original (PDF) on 6 March 2016. Retrieved 6 March 2016.
- ^ "Rating Action: Moody's withdraws Iccrea BancaImpresa's ratings" (Press release). Moody's. 15 June 2017. Retrieved 17 July 2017.
- ^ "FITCH AFFIRMS ICCREA BANCA AT 'BBB-'; OUTLOOK EVOLVING" (PDF) (Press release). Fitch Ratings. 19 January 2017. Retrieved 18 July 2017.
- ^ "Bilancio consolidato 2016" (PDF) (in Italian). ICCREA Banca. 2017. Retrieved 17 July 2017.
- ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
- ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.