ICCREA Banca
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 | |||||||
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.