BANCA DI CREDITO COOPERATIVO DI CONVERSANO - SOCIETA' COOPERATIVA

BANCA DI CREDITO COOPERATIVO DI CONVERSANO - SOCIETA' COOPERATIVA is a local Italian cooperative credit bank headquartered in Conversano (Apulia) that operates under the mutual banking framework, with a membership base of “soci” and governance based on one-member-one-vote. Its activity is focused on retail and small to mid-sized enterprises in its home territory, offering current and savings accounts, time deposits, payment services (SEPA transfers, domestic F24/MAV/RAV), debit and credit cards on domestic PagoBANCOMAT and international circuits, consumer loans, mortgages, SME financing and guarantees, as well as placement of investment and insurance products through group and third-party partnerships in line with MiFID II rules. Distribution is centered on a local branch and ATM network connected to the BANCOMAT system, complemented by internet and mobile banking aligned with PSD2 strong customer authentication. Pricing typically includes account maintenance charges, fees for certain transfers and out-of-network ATM withdrawals, and Italian stamp duty (imposta di bollo) as applicable; deposit interest is generally modest and loan pricing usually references Euribor/Eurirs plus a spread based on risk and collateral. The bank is subject to Italian and EU prudential and conduct regulation (Banca d’Italia/ECB at the banking-group level), AML/KYC requirements, and GDPR. Deposits are covered up to €100,000 per depositor under the cooperative sector’s deposit guarantee scheme in line with EU rules, and the sector’s institutional protection system provides additional stabilizing mechanisms. As a non-listed cooperative, shareholdings are reserved to members under statutory limits, profits are primarily retained to reserves, and operations remain geographically concentrated, which ties credit performance closely to local economic conditions and to the support mechanisms of the cooperative banking group. Product availability, fees, and onboarding requirements can vary by customer segment and branch.