BCC di Sassano Societa Cooperativa

BCC di Sassano Societa Cooperativa is a cooperative bank providing full range of banking and insurance products to its members. Being a cooperative bank, BCC di Sassano Societa Cooperativa is a local, mutual, not-for-profit organization. Located in Sassano, it serves the local residents (natural and legal persons).

Contacts 
    Address  84038, Italy, SASSANO, VIA SELLA DEL CORTICATO, 40
Bank Identifiers 
    MFI ID  IT0000517925624
Bank Category  Cooperative banks
Business Description 
    Business Focus  serving the interests of its members and the local community by providing financial products and services
    Products  retail and corporate banking, asset management, investment banking, insurance
    Area Served  local
    Eligible Clients  natural persons and legal entities residing in the community of the bank
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

MFI ID  IT0000517925624

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.


Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Italy are obliged to participate in Italian deposit guarantee scheme.

In the case of BCC di Sassano Societa Cooperativa failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  repayable funds acquired by banks in the form of deposits or other forms and to bankers' drafts or other similar credit instruments shall be eligible for payment
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information: Deposit Guarantee Scheme in Italy

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  Yes
Exempt from MRR by ECB  No

Related Information on Italy

Economy and Banking Sector of Italy

List of Banks in Italy

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