Banco Popolare - SC is a cooperative bank providing full range of banking and insurance products to its members. Being a cooperative bank, Banco Popolare - SC is a local, mutual, not-for-profit organization. Located in Verona, it serves the local residents (natural and legal persons).
Banco Popolare - SC is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BB (speculative).
Banco Popolare - SC participates in deposit guarantee scheme of Italy. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Banco Popolare - SC was located in VERONA.
|serving the interests of its members and the local community by providing financial products and services|
|retail and corporate banking
|natural persons and legal entities residing in the community of the bank|
Banco Popolare - SC is focused on serving the interests of its members and the local community by providing financial products and services. Banco Popolare - SC provides products and services in the areas of retail and corporate banking, asset management, investment banking, insurance. Banco Popolare - SC makes its solutions available to natural persons and legal entities residing in the community of the bank.
|BB (speculative)||- (not rated)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Banco Popolare - SC is rated by Fitch.
Credit ratings assigned to Banco Popolare - SC as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Banco Popolare - SC it is set to BB (speculative), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Banco Popolare - SC is set to B (speculative short-term credit quality).
|Long-Term Issuer Default Rating||BB|
|Short-Term Issuer Default Rating||B|
|Support Rating Floor||NF|
Viability rating for Banco Popolare - SC is set to bb (speculative fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).
|Yes (up to 100 000 EUR per depositor)|
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 Banco Popolare - SC 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|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) 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.
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).
BIC of Banco Popolare - SC and its components are shown in the table below.
|Bank BIC Code||BAPP|
|Country Code||IT (Italy)|
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.
MFI ID of Banco Popolare - SC is shown in the table below.
The following banks operating under Banco Popolare brand name has been recently closed down: