BANCA DI CREDITO COOPERATIVO DI PRATOLA PELIGNA (L'AQUILA) -SOCIETA' COOPERATIVA

BANCA DI CREDITO COOPERATIVO DI PRATOLA PELIGNA (L’AQUILA) – SOCIETA’ COOPERATIVA is a mutual bank based in Abruzzo that operates primarily in the province of L’Aquila and surrounding areas, serving households, professionals, nonprofits, and small and mid-sized enterprises through a local branch network and remote channels. As a cooperative, it follows a one-member-one-vote governance model, with membership obtained via subscription of cooperative shares and profits largely allocated to reserves under mutual-banking rules. Pursuant to Italy’s cooperative banking reform, it operates within a cooperative banking group framework with centralized policies for capital, risk management, and technology; it is supervised by the Bank of Italy within the EU Single Supervisory Mechanism, applies IFRS, and complies with PSD2 for payments. The product set typically includes current and payment accounts, savings and term deposits, debit and credit cards, SEPA transfers (including instant where available) and direct debits, POS/acquiring services, online and mobile banking, mortgages and consumer finance, SME lending (working capital, investment, guarantees), and treasury/payment solutions; investment and insurance products are offered via placement and distribution agreements, with suitability and appropriateness checks under MiFID II. Deposits are covered, within legal limits and exclusions, by the Fondo di Garanzia dei Depositanti del Credito Cooperativo up to €100,000 per depositor; securities and insurance products are not deposit-guaranteed and carry market and counterparty risk. Pricing, interest, and fees are detailed in the Fogli Informativi and transparency documents, with lending rates commonly indexed to Euribor or IRS plus a spread and credit decisions subject to underwriting and collateral requirements. Complaint handling follows the bank’s internal procedure and the Arbitro Bancario Finanziario system; data processing is governed by GDPR; AML/CFT obligations and consumer transparency rules apply. The bank’s activity and risk profile are closely tied to local economic conditions and customer concentration typical of regional cooperative institutions.