BANCO DI DESIO E DELLA BRIANZA - SOCIETA' PER AZIONI

Banco di Desio e della Brianza S.p.A. is an Italian joint-stock bank headquartered in Desio (Monza e Brianza) and acts as the parent company of the Banco Desio banking group. It focuses on traditional commercial banking for households, professionals, and small and medium-sized enterprises, with a branch network concentrated in Lombardy and present in other regions of Northern and Central Italy, supported by online and mobile channels. The product range includes current accounts and payment services, mortgages and personal loans, SME financing, and wealth management and insurance products distributed via bancassurance agreements, with certain ancillary services offered through partnerships. The bank prepares consolidated financial statements under IFRS, publishes Pillar 3 disclosures on capital and risk, and is supervised within the European Banking Union as a less significant institution, under the oversight of the Bank of Italy and the ECB. It participates in the Italian Interbank Deposit Protection Fund (FITD), which protects eligible deposits up to €100,000 per depositor. Funding is primarily based on customer deposits, complemented where applicable by market funding; interest rate risk, credit risk in the SME and household segments, and geographic concentration in its core territories are material considerations. Governance follows a traditional model with a board of directors and a board of statutory auditors. The bank is listed on Euronext Milan, publishes periodic financial results and corporate documents for investors, and continues to manage the operational implications of a branch-centric model in a market with rising digital adoption and ongoing regulatory demands.