BANCA DI CREDITO COOPERATIVO DELL'OGLIO E DEL SERIO - SOCIETA' COOPERATIVA

BANCA DI CREDITO COOPERATIVO DELL'OGLIO E DEL SERIO - SOCIETA' COOPERATIVA is an Italian cooperative credit institution serving households, self-employed clients, and small and medium-sized enterprises in its local catchment area, with a product range that typically includes current accounts, payment cards on international circuits, savings and time deposits, personal and mortgage lending, SME financing and guarantees, POS and acquiring services, insurance brokerage, and basic investment and wealth services distributed as intermediaries. As a cooperative (società cooperativa), ownership is held by member-customers who subscribe cooperative shares; governance follows the one-member-one-vote principle, and shares are not freely tradable, with redemptions subject to bylaws, capital constraints, and board approval. Pricing, interest rates, and eligibility criteria are set locally and disclosed in the legally required “Foglio Informativo” and precontractual documentation; fees vary by account package and service. The bank operates within Italy’s cooperative banking framework and is subject to prudential regulation and supervision under the Italian and EU regimes, including oversight coordinated through the cooperative banking group structure and the Bank of Italy/Single Supervisory Mechanism. Deposits are protected up to €100,000 per depositor per bank under the Italian deposit guarantee scheme applicable to cooperative credit banks, in line with EU rules; amounts above that threshold are unsecured and may be subject to bail-in in resolution scenarios. Service delivery combines branch-based relationship banking with remote channels such as online and mobile banking; functionality and onboarding options can differ by customer segment. The operating model emphasizes local lending and payment services in the bank’s home territory, which can entail concentration to the local economy; customers considering cooperative shares should factor in illiquidity and dividend limits typical of the sector.