Banca D'Alba
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Banca D'Alba
Banca di Credito Cooperativo di Alba, Langhe, Roero e Canavese S.C. known as Banca d'Alba is an Italian cooperative bank based in Alba, Piedmont region. The bank is a member of Federazione Italiana delle Banche di Credito Cooperativo - Casse Rurali ed Artigiane ( Federcasse) and Federazione delle Banche di Credito Cooperativo del Piemonte, Valle d'Aosta e Liguria. The bank own a minority interests in ICCREA Banca. History Banca d'Alba was founded in 1998 by the merger of Casse Rurali e Artigiana di Diano d'Alba, C.R.A. di Gallo di Grinzane Cavour and C.R.A. di Vezza d'Alba, the three rural credit unions based in the Province of Cuneo. See also * Cassa di Risparmio di Cuneo, a defunct bank based in Cuneo, predecessor of Banca Regionale Europea * Banca Regionale Europea Banca Regionale Europea was an Italian bank based in Cuneo, Piedmont. The bank was a merger of Cassa di Risparmio di Cuneo and Banca del Monte di Lombardia in 1995. History In 2000, the bank joined Group Banca Lomb ...
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Cooperative
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity.
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Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and managed by the people who consume th ...
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1,000,000,000
1,000,000,000 (one billion, short scale; one thousand million or one milliard, one yard, long scale) is the natural number following 999,999,999 and preceding 1,000,000,001. With a number, "billion" can be abbreviated as b, bil or bn. In standard form, it is written as 1 × 109. The metric prefix giga indicates 1,000,000,000 times the base unit. Its symbol is G. One billion years may be called an ''eon'' in astronomy or geology. Previously in British English (but not in American English), the word "billion" referred exclusively to a million millions (1,000,000,000,000). However, this is no longer common, and the word has been used to mean one thousand million (1,000,000,000) for several decades. The term ''milliard'' can also be used to refer to 1,000,000,000; whereas "milliard" is rarely used in English, variations on this name often appear in other languages. In the South Asian numbering system, it is known as 100 crore or 1 arab. 1,000,000,000 is also the cube of 1000 ...
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Cooperative Banking
Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carried out by credit unions, mutual savings banks, building societies and cooperatives, as well as commercial banking services provided by mutual organizations (such as cooperative federations) to cooperative businesses. A 2013 report by ILO concluded that cooperative banks outperformed their competitors during the financial crisis of 2007–2008. The cooperative banking sector had 20% market share of the European banking sector, but accounted for only 7% of all the write-downs and losses between the third quarter of 2007 and first quarter of 2011. Cooperative banks were also over-represented in lending to small and medium-sized businesses in all of the 10 countries included in the report. Credit unions in the US had five times lower failure ...
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Alba, Piedmont
Alba ( pms, label=Piedmontese, Arba; la, Alba Pompeia) is a town and ''comune'' of Piedmont, Italy, in the Province of Cuneo. It is one of the main cities in the UNESCO World Heritage Site of Vineyard Landscape of Piedmont: Langhe-Roero and Monferrato. The town is famous for its white truffle and wine production. The confectionery group Ferrero is based there. The city joined the UNESCO Creative Cities Network in October 2017. History Alba's origins date from before the Roman civilization, connected probably to the presence of Celtic and Ligurian tribes in the area. The modern town occupies the site of ancient Alba Pompeia, the name given after being officially recognized as a town by the Roman consul Gnaeus Pompeius Strabo while constructing a road from Aquae Statiellae (Acqui) to Augusta Taurinorum (Turin). Alba was the birthplace of Publius Helvius Pertinax, briefly Roman emperor in 193. After the fall of the Western Empire, the city was repeatedly sacked by Ostrogoth ...
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ICCREA Banca
ICCREA Group known formerly as Istituto Centrale delle Casse Rurali ed Artigiane, is a central institution of Italian credit unions and rural savings banks. The holding company of the group was ICCREA Holding (from 1995 to 2016), while ICCREA Banca, ICCREA BancaImpresa and several companies were subsidiaries. However, ICCREA Banca revered merger with ICCREA Holding in mid-2016, as part of the banking reform of Italy. The co-operative banks of Italy would create strong central banks ( Cassa Centrale Banca had also applied to be another central bank) with power to recapitalize individual co-operative bank. Shareholders The share capital was represented by 21,954,905 ordinary shares with a par value of €51.65 each with a total value of €1,133,970,843.55 * Federazione Italiana delle Banche di Credito Cooperativo - Casse Rurali ed Artigiane ( Federcasse) * 15 regional credit union federations ** Federazione BCC Emilia Romagna (0.12%) * Cassa Centrale Banca - Credito Cooperativo del ...
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Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ...
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Province Of Cuneo
Cuneo (Italian), or Coni (Piedmontese), is a province in the southwest of the Piedmont region of Italy. To the west it borders on the French region of Provence-Alpes-Côte d'Azur ( departments of Alpes-Maritimes, Alpes-de-Haute-Provence and Hautes-Alpes). To the north it borders with the Metropolitan City of Turin. To the east it borders with the province of Asti. To the south it borders with the Ligurian provinces of Savona and Imperia. It is also known as ''La Provincia Granda'', Piedmontese for "The Big Province", because it is the fourth-largest province in Italy (following the provinces of Sassari, South Tyrol and Foggia) and the largest one in Piedmont. Briga Marittima and Tenda were part of this province before cession to France in 1947. Administration Its capital is the city of Cuneo. Of the 250 comuni in the province, the largest by population are: Economy Companies active in the province include: * Michelis in Mondovì * Miroglio in Alba * Ferrero SpA in Alb ...
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Cassa Di Risparmio Di Cuneo
Cassa di Risparmio di Cuneo S.p.A. was an Italian savings bank based in Cuneo, Piedmont. The organization ceased to operate as a bank but as a non-profit organization as ''Fondazione Cassa di Risparmio di Cuneo''. History Cassa di Risparmio di Cuneo was founded in 1855. Due to 1991 bank reform, two entity, namely Cassa di Risparmio di Cuneo S.p.A. and Fondazione Cassa di Risparmio di Cuneo were formed. On 1 January 1995 the S.p.A. merged with Banca del Monte di Lombardia S.p.A. to form Banca Regionale Europea (a subsidiary of Banca Lombarda e Piemontese since 2000 and UBI Banca since 2007. ) Banking foundation The former owner of the S.p.A. , ''Fondazione Cassa di Risparmio di Cuneo'', held 18.91% of the shares of Banca Regionale Europea in 2000, as well as 4% of Banca Lombarda. As of 31 December 2014, the foundation held 24.90% of Banca Regionale Europea as well as 2.230% of UBI Banca. The foundation sponsored the restoration of Alba Cathedral. See also :Other banks of the provi ...
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Banca Regionale Europea
Banca Regionale Europea was an Italian bank based in Cuneo, Piedmont. The bank was a merger of Cassa di Risparmio di Cuneo and Banca del Monte di Lombardia in 1995. History In 2000, the bank joined Group Banca Lombarda e Piemontese. Banca Lombarda held 50.11% shares of BRE at that time, as well as sold all the shares it held at Banca Cassa di Risparmio di Tortona (60%; a bank based in Piedmont), to BRE. In 2006 Banca CR Tortona, was merged into Banca Regionale Europea, as well as Banco di San Giorgio in 2012. The bank also followed the holding company to join UBI Banca Group in 2007 (a merger with Banche Popolari Unite). As of 31 December 2014, out of 1560 branches of UBI Banca, 13% were Banca Regionale Europea (208), behind former sister companies of Group Banca Lombarda, Banco di Brescia 288, and former Banche Popolari Unite companies Banca Popolare di Bergamo (351), Banca Carime (216); as well as tied with Banca Popolare di Ancona (208). As of 31 December 2014, the former owne ...
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Cooperative Banks Of Italy
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity.
''.''
Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * es owned and man ...
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