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).
|Address||84038, Italy, SASSANO, VIA SELLA DEL CORTICATO, 40|
|Bank Category||Cooperative banks|
|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|
|Eligible Clients||natural persons and legal entities residing in the community of the bank|
|Deposit Guarantee||Yes (up to 100 000 EUR per depositor)|
Any bank can be identified for different purposes and hence can have several different identifiers.
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.
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 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
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|