Co-operative Banking
in Trentino and in Italy
Trento, October 13th 2009
Dott. Vincenzo VisettiChief of Secretary
TRENTINO FEDERATION OF CO-OPERATIVES
The associative structure
is organized at three levels:
single banks
local federation
national federation
The Co-operative Banks System
in Italy
The entrepreneurial structure
is organized at two levels:
national level, with Iccrea Holding at the top of
Iccrea Group (wich controls many other
subsidiaries)
local level, with Cassa Centrale Banca (Trento)
and Cassa Centrale Raiffeisen (Bolzano)
The Co-operative Banks System
in Italy
CO-OPERATIVE BANKS AND BRANCHES: DISTRIBUTION IN ITALY
BANKS BRANCHESbcc Banks share % bcc Banks share %
Regions (a) (b) (a)/(b) (a1) (b1) (a1)/(b1)
Piemonte-V.d'Ao-Lig. 12 40 30,0 199 3756 5,3
Lombardia 48 190 25,3 706 6567 10,8
Trentino 47 52 90,4 333 540 61,7
A. Adige 51 57 89,5 195 416 46,9
Veneto 41 60 68,3 622 3597 17,3
Friuli 16 26 61,5 215 957 22,5
Emilia 25 59 42,4 394 3549 11,1
Toscana 38 63 60,3 298 2508 11,9
Marche 21 31 67,7 183 1207 15,2
Lazio-Umbria-Sardegna 30 81 37,0 276 4004 6,9
Abruzzo-Molise 11 18 61,1 88 847 10,4
Campania 22 34 64,7 124 1648 7,5
Puglia-Basilicata 29 39 74,4 131 1696 7,7
Calabria 18 20 90,0 92 538 17,1
Sicilia 31 38 81,6 149 1801 8,3
TOTALE 440 808 54,5 4.005 33.631 11,9
Fonte: Banca d'Italia
RILEVAZIONE AL 06-2008
Trentino Co-operative Banks
History
1892 First Co-operative Bank, Cassa Rurale,
founded in Trentino
1925 – 1945 Co-operative Banks partial setback (fascism)
1974 Cassa Centrale founded by the 133 Co-operative
Banks
1980s – 2008 Coop Bank mergers:
133 Coop Banks merged into 47
2009 Market share: 66% of total deposits collected &
55% of total loans granted in Trentino
The Co-operative Banks System
in Trentino
Branches of Casse Rurali are working in 190 over a total of 223
municipalities in Trentino.
Only branches of Casse Rurali operate in 132 municipalities in Trentino.
Inhabitants of those 132 municipalities are 147.000 (29% of Trentino
total population).
As at 2008, Trentino counted on 548 active branches, of whom 336
(61%) belonged to the Casse Rurali system and 212 to other kind of
banks, thus determining the highest level of banking industry presence
in Italy.
Banking industry in Trentino
957
1.235
9569509379599609779839911.0021.021
948
1.026
1.238
1.757
1.446
1.837
1.772
2.334
500
700
900
1.100
1.300
1.500
1.700
1.900
2.100
2.300
2.500
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
provincia BolzanoProvincia Trento
Provincia VeronaProvincia BresciaItalia
Inhabitants per branch 1996-2008:
comparison among provinces
Casse Rurali Trentine:
main figures (2008 – 2009)
Dec., 2008 June, 2009 variation
N. CASSE RURALI 47 47 0
N. BRANCHES 380 381 + 1
N. EMPLOYEES 2.309 2.332 + 23
N. MEMBERS 113.600115.790 + 2.190
N. CLIENTS 440.000 445.000 + 5.000
DEPOSITS: 66 % of the province of Trento totally collected deposits
CREDITS: 55 % of the province of Trento totally granted credits
NET ASSETS: 1,382 Mn. €.
30%
35%
40%
45%
50%
55%
60%
65%
70%
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
quote mercato depositi(senza obbligazioni)quote mercato impieghi
Casse Rurali Trentine: quote di mercato in Provincia di
Trento dal 1976 al 2008
DEPOSITS UPWARD DRIFT
(Millions €.) 8/2008 8/2009 var. %
Direct deposits 11.622 12.473 +7,3%
Indirect deposits 3.689 3.385 - 8,2%
Totally collected
deposits 15.311 15.388 +3,5%
LOANS GRANTED TO CLIENTS:
UPWARD DRIFT
Millions €. 8/2008 8/2009 var. %
Totally granted credits 10.878 11.489 +5,6 %
Loans granted to enterprises 6.953 7.444 +7,1 %
Of whom to medium enterprises 4.049 4.323 +6,8 %
Of whom to small enterprises 2.905 3.120 +7,4 %
Loans granted to families 3.730 3.896 +4,4 %
No of granted enterprises 26.623
of whom companies 8.048
of whom craftmanship and family businesses 20.575
June 2009
No of granted families (i.e. household loans) 116.205
LOANS GRANTED TO CLIENTS:
UPWARD DRIFT
Loans to enterprises divided by economic sectors
Economic sectors €. Mn % var.
Agriculture 478 + 10,8%
Manufacturing industry 1,423 + 1,3%
Building 1,701 + 7,8%
Trade 1,022 + 2,1%
Hospitality 1,045 + 9,1%
Services 1,774 + 12,3%
TOTAL 7,444 + 7,1%
% CompositionAgriculture
6.6%
Manufacturing industry
19.5%
Building
22%Trade
14%
Hospitality
14%
Services
23.7%
4,4%
13,2%
6,8%
7,4%
6,0%
5,2%
6,2%6,4%
8,1%
10,5%
11,2%
15,7%
14,3%13,5%
10,2%
9,5%
7,5%
7,6%
8,7%
8,4%
7,2%
8,3%
7,4%
8,0%
9,5%9,9%
10,9%
11,9%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
14,0%
16,0%
18,0%
dic-07 gen-08 feb-08 mar-08 apr-08 mag-08 giu-08 lug-08 ago-08 set-08 ott-08 nov-08 dic-08 gen-09 feb-09 mar-09 apr-09 mag-09 giu-09
Famiglie consumatrici
Società non finanziarie
Artigiani e altre famiglie produttrici
TOTALE IMPIEGHI
Crediti erogati per settore di attività: var.% annua da dice 2007 a giu 2008
INTEREST RATE 2008- 2009
June-2008 June-2009 Var.
Average interest rate on loans 6,04 4,31 -1,74
of whom to enterprises 6,02 4,28 -1,73
of whom to families 6,10 4,35 -1,75
“… in the actual phase the Trentino Casse Rurali have shown
decisively superior yearly growing financing rates to small
enterprises and residents’ families in our province against the
average of other banks. On the overall, it is also thanks to
their support that the granted loans increase to enterprises
and families in Trentino has been among the highest
registered in the various italian regions. The short term
interest rates have shown to be the lowest applied ones…”
(dott. G. Salvo direttore Banca d’Italia TN)
They say about us: Bank of Italy
They say about us ….
Localism and trust
“Local, not for profit banks care for identity and culture peculiar to their
territories.
They can assure the financing of the aim of serving society.
Keeping wealth within a community is a very important task.
The savings we put into our banks must be re-invested locally.
This is also a way in which local banks can contribute to the
strengthening of local culture.
Which fosters trust. And without trust, there is no market .”
Jeremy Rifkin, american economist, 2002