Question 1

What is Banca delle Terre Venete?

Accepted Answer

Banca delle Terre Venete is a Banca di Credito Cooperativo (BCC) operating in the Veneto region of Italy. As part of the Gruppo BCC Iccrea, Italy's fourth-largest banking group and the only one with entirely Italian capital, it serves approximately 120,000 clients through 58 branches across five provinces. With over 14,000 cooperative members and managing assets exceeding €6.5 billion as of September 2024, it represents one of the largest cooperative credit banks in Veneto.

The bank maintains strong capitalization with a CET1 ratio of 32.22% and approximately €400 million in equity capital.

Question 2

When was Banca delle Terre Venete founded?

Accepted Answer

Banca delle Terre Venete was officially founded on October 26, 2020, through the merger of two historic cooperative banks: Cassa Rurale ed Artigiana di Brendola and Credito Trevigiano BCC. However, its roots extend back more than a century.

The Cassa Rurale Cattolica di Prestiti di Brendola was founded on June 21, 1903, when 32 heads of household from Brendola met following Sunday mass to establish a rural credit cooperative. At that time, Brendola was a rural community of 4,100 inhabitants, mostly tenant farmers and small landowners seeking to escape poverty through mutual assistance and solidarity.

The Credito Trevigiano traces its origins to May 8, 1896, with the founding of the Cassa Rurale ed Artigiana di Caerano di San Marco, followed by the establishment of the Cassa Rurale di Prestiti "S. Martino" on January 17, 1901, in Vedelago. These institutions were created under the guidance of local parish priests and notables to provide credit access to impoverished farming families in the Veneto plains.

The merger in 2020 united these parallel histories into a single institution serving the modern Veneto economy while maintaining the founding values of cooperation, mutuality, and local development.

Question 3

Where is Banca delle Terre Venete headquartered?

Accepted Answer

Banca delle Terre Venete maintains its legal headquarters in Vedelago (province of Treviso) at Via Spada, 2, while its administrative headquarters is located in Vicenza at Viale G. Mazzini, 71. This dual-headquarters structure reflects the bank's origins as a merger between institutions from the Vicenza and Treviso provinces.

Question 4

Where does Banca delle Terre Venete operate?

Accepted Answer

Banca delle Terre Venete operates with 58 branches across five provinces in the Veneto region: Vicenza, Treviso, Padova, Verona, and Belluno. The bank serves over 120 municipalities throughout these provinces, with significant presence in towns including Vicenza, Treviso, Bassano del Grappa, Montebelluna, Valdagno, Asolo, Castelfranco Veneto, and many smaller communities.

The territorial focus reflects the cooperative banking model, concentrating on areas where the bank's members reside and conduct business. According to regulatory requirements, the bank directs at least 95% of its credit exposure to its territorial competence area and more than 50% to cooperative members.

Question 5

What services does Banca delle Terre Venete offer?

Accepted Answer

Banca delle Terre Venete provides comprehensive banking services across multiple segments:

Retail Banking: Current accounts (including specialized youth and senior accounts), savings accounts, personal loans, mortgages, consumer credit, and cards (debit, credit, and prepaid including the eco-friendly CartaBCC Green).

Business Banking: Business current accounts (including Sistema Azienda for companies and specialized accounts for female entrepreneurs and startups), commercial loans, invoice financing, leasing (including photovoltaic equipment leasing), and trade finance.

Wealth Management and Investment: Investment funds, certificates of deposit, life insurance products (including BCC Vita Unica Evolution), pension plans, and online trading platform (TOL).

Digital Banking: Mobile banking app, internet banking platform (Banca24h), telephone banking services, instant payments (Instant Payment/bonifici istantanei), integration with Satispay for digital payments, MyBank for secure online payments, and Telepass services.

Social and Third Sector Services: Specialized products for non-profit organizations, sports associations, cultural groups, schools, and social cooperatives, including crowdfunding platforms for community fundraising and preferential conditions for volunteers.

Insurance and Protection: Home insurance (Casa Protetta), auto insurance (Auto Protetta), loan protection insurance, and various life and non-life insurance products through partnerships.

Question 6

What makes Banca delle Terre Venete unique?

Accepted Answer

Cooperative Ownership Structure: Unlike traditional banks, Banca delle Terre Venete is owned by its 14,000+ members (soci), who share in the bank's governance through democratic one-member-one-vote principles. Members receive preferential rates and participate in the BCC Soci loyalty program earning rewards for banking activity.

Youth Engagement: The bank operates the Club Giovani Soci (Young Members Club) for members under 36, actively involving younger generations in cooperative values and providing specialized banking packages for young adults and teenagers.

Strong Local Embeddedness: With roots dating back to 1896 and 1903, the bank maintains deep connections to local communities, returning 95% of deposits as loans within its territory. It annually dedicates a portion of profits to social initiatives supporting local development.

Gender Equality Certification: In December 2024, Banca delle Terre Venete earned the UNI PdR 125:2022 certification for gender equality from RINA, recognizing its commitment to diversity, inclusion, work-life balance, and equitable career opportunities. The bank has established a Gender Equality Steering Committee implementing a three-year strategic plan.

Exceptional Capitalization: With a CET1 ratio of 32.22%, the bank maintains capital reserves significantly above regulatory requirements, providing security for depositors and flexibility for supporting local economic development.

Community Crowdfunding Platform: The bank offers innovative crowdfunding services for local associations and third-sector organizations, facilitating community-based fundraising for social projects.

Question 7

What type of financial institution is Banca delle Terre Venete?

Accepted Answer

Banca delle Terre Venete is a Banca di Credito Cooperativo (Cooperative Credit Bank), a specific type of credit institution (CRDCREINS) recognized under Italian and European banking law. Cooperative credit banks in Italy represent a distinctive banking model characterized by:

Mutual ownership by members who are also customers, operating under cooperative principles rather than profit-maximization for external shareholders. Territorial embeddedness, with regulatory requirements to focus lending and services within defined geographical areas. Democratic governance, where each member holds one vote regardless of share ownership size.

Social mission, balancing financial sustainability with community development objectives. The institution is supervised by the European Central Bank (ECB) as its competent authority and participates in Italy's Fondo di Garanzia dei Depositi (FGD) deposit guarantee scheme, protecting customer deposits up to €100,000 per depositor.

As part of the Gruppo BCC Iccrea, Banca delle Terre Venete benefits from the support infrastructure of Italy's largest cooperative banking network while maintaining operational autonomy and local decision-making authority.

Question 8

What is the bank's relationship with its cooperative members?

Accepted Answer

Membership in Banca delle Terre Venete requires residing or conducting business within the bank's territorial competence area and maintaining a primary banking relationship with the institution. Members subscribe to cooperative capital shares and enjoy preferential pricing on banking products and services.

Beyond financial benefits, members participate in governance through voting at general assemblies, influencing strategic direction and policy decisions. The bank invests heavily in member education and engagement, organizing events, travel opportunities for members and clients, and community initiatives that strengthen social bonds.

Members under 36 join the Club Giovani Soci, which provides a platform for young people to learn about cooperative principles, network with peers, and contribute to the bank's evolution. The BCC Soci loyalty program rewards member engagement, allowing accumulated points to be redeemed for prizes, reinforcing the mutual benefit principle central to cooperative banking.

Question 9

How does Banca delle Terre Venete support local development?

Accepted Answer

The bank's commitment to territorial development operates on multiple levels. Financially, it channels savings collected locally back into the community through loans to families, small and medium enterprises, agricultural businesses, and artisans. This creates a virtuous cycle where local deposits finance local economic activity.

The bank provides specialized support for SMEs through dedicated corporate relationship managers (Gestori Corporate) and a Special Credits Service, offering customized financing solutions for business growth, working capital, and investment projects. Through partnerships within the Gruppo BCC Iccrea, including Iccrea BancaImpresa, it can structure complex financing for larger projects.

Annually, the bank allocates a portion of profits to social and cultural initiatives supporting sports clubs, cultural associations, educational institutions, and non-profit organizations. This financial support, combined with preferential banking terms for the third sector, strengthens the social fabric of communities served.

The bank also promotes sustainable development through green financing products, including photovoltaic leasing for businesses, sustainable investment funds, and the CartaBCC Green payment card, supporting the transition to a more environmentally responsible economy in the Veneto region.

Banca delle Terre Venete

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About Banca delle Terre Venete in Italy