CASSA CENTRALE BANCA - CREDITO COOPERATIVO ITALIANOSOCIETA' PER AZIONI (IN SIGLA CASSA CENTRALE BANCA)

Cassa Centrale Banca – Credito Cooperativo Italiano S.p.A. (Cassa Centrale Banca) is the parent company and central institution of the Gruppo Cassa Centrale, a cooperative banking group formed under Italy’s reform of Banche di Credito Cooperativo. Headquartered in Trento, it directs and coordinates a network of local cooperative banks (BCC/Casse Rurali) operating across multiple regions, providing group-wide governance, risk and capital management, liquidity and treasury, market access, and payment system connectivity. The parent supplies wholesale and specialist services to affiliated banks and their customers, including cash management, trade finance, custody and investment services, while asset management and insurance products are distributed through dedicated group entities and commercial partnerships. Shared operations and technology are consolidated via subsidiaries such as Allitude, which delivers core banking IT and back-office services to the network. The group is supervised within the European Single Supervisory Mechanism, prepares consolidated IFRS financial statements and Pillar 3 disclosures, and operates alongside sectoral protection schemes designed to support member institutions and protect depositors. Funding is primarily derived from customer deposits at local banks, supplemented by covered bonds, senior and subordinated instruments issued at holding level to meet regulatory requirements (including MREL), as well as collateralized transactions and access to Eurosystem facilities; lending is concentrated in households and small and midsize enterprises in the domestic market. Recent performance and capital dynamics reflect the rate environment, ongoing reduction of legacy non-performing exposures, and continued standardization of processes across the network. The model emphasizes local presence through autonomous affiliates supported by centralized platforms, which can introduce operational complexity and require sustained investment in risk, IT and compliance. For current financial metrics, credit ratings, and risk factors, consult the latest consolidated report, Pillar 3 documentation, and supervisory communications.