History
The Banking Group history and the role of Iccrea Holding
Iccrea Banking Group was founded in 1995 with the creation of Iccrea Holding S.p.A, the Parent Company with the stock-holding majority in other subsidiary Companies of the Banking Group. The name, Iccrea Banking Group, comes from one of the Group’s most important Companies, Iccrea Bank (where I.C.C.R.E.A. is the Italian acronym for “Istituto Centrale delle Casse Rurali ed Artigiane” Central Institute for Rural and Artisan Banks), set up in 1963 to be the “Bank of all Banks”, by providing funds and loans to Rural and Artisan Banks. Throughout the years other entrepreneurial activities emerged and led to the creation of Iccrea Banking Group in 1995. The mission of Group Companies is to help BCC-CR in its banking operations and in supporting its costumers’ territorial needs: corporate and retail.
BCC-CR are the main shareholders of the Group and hold capital shares of Iccrea Holding S.p.A. Iccrea Holding S.p.A is shareholder of Companies of Iccrea Banking Group and it monitors, coordinates or strategically participates in the company capital. Business activities range from the financial activities to investments, including consultancy, extraordinary business finance, strategic plans, insurance sector (life and damage claims) through strategic partnerships with companies that exclusively work with Cooperative Credit banks. In a nutshell, the entire Iccrea Banking Group was set up to support and spur BCC-CR as banks serving a territory, by proactively backing their market shares and competitiveness, providing a supply system capable of meeting the market needs, and satisfying all BCC-CR operational requirements.