BANCA DI CREDITO COOPERATIVO DELL'ADRIATICO TERAMANO - SOCIETA' COOPERATIVA

Banca di Credito Cooperativo dell’Adriatico Teramano – Società Cooperativa is a local cooperative credit institution serving the Teramo and surrounding Adriatic area in Abruzzo, operating under the Italian BCC framework set by the Consolidated Banking Act and subsequent reform of cooperative credit groups. As a mutual bank, it is owned by members who subscribe cooperative shares and exercise governance on a one-member-one-vote basis; these shares are not covered by deposit protection, may be illiquid, and are subject to statutory and prudential constraints on redemption. The bank operates within the nationwide cooperative banking network under a parent-group model that centralizes risk, capital, and core IT functions and provides an institutional protection scheme; prudential oversight takes place within the Single Supervisory Mechanism, with supervision conducted by the Bank of Italy and the ECB according to group designation. Deposits are covered by the Fondo di Garanzia dei Depositanti del Credito Cooperativo up to €100,000 per depositor, per bank, consistent with EU rules. The offering typically includes current and savings accounts, payment services and SEPA transfers, debit and credit cards, online and mobile banking, personal and mortgage loans, SME and agricultural financing, and distribution of investment and insurance products under MiFID II/IDD regimes; pricing, rates, and eligibility criteria vary by profile and are detailed in the fogli informativi and other transparency documents. Digital channels apply PSD2 strong customer authentication, while branch services remain central for advisory and credit decisions. The operating model implies proximity to the local economy and access to group shared platforms, and also entails a limited geographic footprint, exposure to the local borrower base, and dependence on group-level product manufacturing and technology. Standard identification, tax code, and anti–money laundering checks apply at onboarding, with potential restrictions for non-residents; complaints follow the bank’s internal process and may be escalated to the Arbitro Bancario Finanziario if unresolved. Financial statements are published annually with disclosures aligned to group reporting and Pillar 3 at consolidated level; prospective clients should review fee schedules, interest terms, and the pre-contractual documentation (including KIDs/PRIIPs where relevant) before subscribing to products.