ROME (Reuters) – Banca ICCREA Assembly today approved the incorporation of the parent company ICCREA Holding, placing at the top of the group parent company of a banking license provided.
Make it known to the press Pointing out that the merger is expected to start operating on 1 October 2016.
The operation came after the ICCREA Group, in September 2014 was included in the supervision Perimeter ECB and subject to revisions have related processes and prudential assessment. “According to the assessments of the European Central Bank, the Parent Bank has a license allow the Group to implement the strategic lines so even more effective,” explained Giulio Magagni, president of ICCREA Holding.
The reform of the cooperative credit recently passed by Parliament provides for the creation of a parent company with at least a billion in assets.
ICCREA if a candidate to be the holding company which will merge the Bcc, finished in executive viewfinder perched deemed profitable and just under capitalized.
The Assembly of ICCREA Bank Board of Directors has renewed it for the 2016-2018 triennium.