BANCA DELL'ALTA MURGIA CREDITO COOPERATIVO - SOCIETA' COOPERATIVA

BANCA DELL'ALTA MURGIA CREDITO COOPERATIVO - SOCIETA' COOPERATIVA is an Italian mutual bank operating within the cooperative banking framework and serving the Alta Murgia area in Apulia. As a cooperative, it is owned by member-clients and governed on a one-member/one-vote basis; becoming a member typically requires subscribing cooperative shares that are not freely transferable, offer limited remuneration, and may be subject to redemption constraints and timing. The bank’s offering generally covers retail and SME services, including current accounts, savings products, payment services (SEPA transfers and direct debits, debit and credit cards, ATM access), and lending such as mortgages, consumer credit, and financing to small businesses and agricultural activities. Distribution is branch-led with digital channels for account monitoring, transfers, card controls, and authentication compliant with PSD2 strong customer authentication. Product conditions are presented in mandatory documentation (fogli informativi), with summary cost indicators for payment accounts (Indicatore Sintetico di Costo) and standardized disclosures for credit (SECCI); pricing and availability vary by profile and package. Deposits are protected up to €100,000 per depositor by the cooperative sector’s deposit guarantee scheme (Fondo di Garanzia dei Depositanti del Credito Cooperativo) in line with EU rules, and the bank participates in the sector’s institutional protection scheme aimed at safeguarding the stability of cooperative banks. The risk profile reflects exposure to the local economy, borrower concentration typical of territorially focused institutions, and interest rate dynamics; capital, liquidity, asset quality, and profitability should be assessed in the latest annual report and Pillar 3 disclosures. Operations are subject to Italian and EU regulation, including Bank of Italy supervision, AML/KYC rules, consumer protection, data security, and payments compliance. Account opening and lending criteria depend on customer residency and risk assessment, and cooperative membership entails governance rights alongside the liquidity and remuneration constraints of member shares.