Cassa Centrale Banca - Credito Cooperativo del Nord Est Spa

Registration Name  Cassa Centrale Banca - Credito Cooperativo del Nord Est Spa
Location  Italy, Trento

Bank Identifiers 
    BIC (SWIFT)  CCRTIT2TXXX
    MFI ID  IT03599
Credit Ratings (July 2014) 
    Fitch  - (not rated)
    Moody's  Baa3 (lower medium grade)
    S&P's  - (not rated)
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)

Cassa Centrale Banca - Credito Cooperativo del Nord Est Spa is located at Italy, Trento. It is one of 688 credit institutions operating in Italy.

Bank Identifiers

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

BIC

BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

BIC  CCRTIT2TXXX
Bank BIC Code  CCRT
Country Code  IT (Italy)
Location Code  2T
Branch Code  XXX

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

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  IT03599

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.

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, Cassa Centrale Banca - Credito Cooperativo del Nord Est Spa is rated by Moody's.

Credit ratings assigned to Cassa Centrale Banca - Credito Cooperativo del Nord Est Spa as of July 2014 are shown in details in the following sections.

Moody's

Long-term rating is for Cassa Centrale Banca - Credito Cooperativo del Nord Est Spa it is set to Baa3 (lower medium grade). Long-term bank deposit rating is Baa3 (lower medium grade). Bank financial strength rating is D+ (modest intrinsic financial strength). Short-term rating is not assigned.

Long-Term Rating  Baa3
Long-Term Bank Deposit Rating  Baa3
Bank Financial Strength Rating  D+
Short-Term Rating  -
Outlook  negative

Outlook for the ratings of Cassa Centrale Banca - Credito Cooperativo del Nord Est Spa is set to negative (may be lowered).

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 Cassa Centrale Banca - Credito Cooperativo del Nord Est Spa 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

Contact Information


Primary Address  38122, Trento, Via Segantini, 5

Related Information on Italy

Economy and Banking Sector of Italy

List of Banks in Italy