BANCA DEL MEZZOGIORNO - MEDIOCREDITO CENTRALE SPA (IN FORMA ABBREVIATA BDM - MCC S.P.A.)

BANCA DEL MEZZOGIORNO - MEDIOCREDITO CENTRALE S.P.A. (in forma abbreviata BDM - MCC S.p.A.) is an Italian bank headquartered in Rome, controlled by Invitalia S.p.A., the national development agency owned by the Ministry of Economy and Finance. The bank combines a commercial role in corporate lending with public-policy functions and acts as the parent of the Mediocredito Centrale banking group, which includes Banca Popolare di Bari and other subsidiaries, giving the group a material footprint in Southern Italy. Its core activities focus on financing for SMEs and mid-caps, support to public entities and projects tied to regional development, and the management of state-backed guarantee schemes, most notably the Fondo di Garanzia per le PMI on behalf of the government, through which it evaluates and administers guarantees and counter-guarantees that facilitate bank lending to smaller firms. The business mix includes term loans, guarantees, and structured solutions linked to investment programs and EU or national funds; within the group perimeter, retail and SME distribution is primarily provided via affiliated branch networks, while the parent maintains a leaner direct presence oriented to corporate and institutional clients. Asset quality is influenced by the group’s exposure to SME borrowers and to economies of the Mezzogiorno, partially mitigated by a high share of state-guaranteed lending; legacy non-performing exposures from acquired entities have required ongoing de-risking and coverage measures. Funding at group level is anchored by customer deposits from retail and SME clients, complemented by wholesale and central bank sources; liquidity management, internal controls, and risk governance follow the CRR/CRD prudential framework and are subject to supervision by the Bank of Italy within the European Single Supervisory Mechanism. The bank publishes statutory and consolidated financial statements, Pillar 3 disclosures, and policies on credit, operational, and ESG-related risks; strategic decisions reflect its dual nature as a commercial operator and an instrument for public credit support, including its role in emergency guarantee programs enacted during the pandemic.