Our Roots

Cooperative yesterday, cooperative today

We are here to continue doing what we always have done.

Cooperative Credit, the Bank close to local people, businesses and communities.

We believe that it is possible to combine:

Reciprocity and profitability
Reciprocity and profitability
Efficiency and cooperation
Efficiency and cooperation
Coordination and independence
Coordination and independence
We are the Cooperative Banking Group close to local communities.
Le origini del credito cooperativo

Le origini del credito cooperativo

Il Credito Cooperativo è parte di una storia che affonda le proprie radici nel 1800, quando in Francia, Belgio e soprattutto in Germania prendono forma i primi esperimenti di banche ispirate ai principi della cooperazione e del localismo.
In Italia il primo esperimento in tal senso si ha nel 1883, quando viene fondata la prima Cassa Rurale a Loreggia in provincia di Padova ad opera di Leone Wollemborg, ispirata al modello sviluppato in Germania da Friedrich Wilhelm Raiffeisen, fondato su motivazioni etiche di ispirazione cristiana.

Il successo di queste prime esperienze è tale che solo quattro anni dopo viene costituita la prima Federazione delle Casse Rurali, cui aderiscono 51 Casse Rurali.

Rispetto alle banche tradizionali, il Credito Cooperativo operava in stretta connessione con le comunità locali, condividendone i valori e facendosi ispirare da criteri di solidarietà nella concessione del credito.

Quando, nel 1891, con l'enciclica Rerum Novarum, il Papa esorta i cattolici ad intraprendere iniziative economiche per stimolare lo sviluppo dei ceti rurali e del proletariato urbano, ha inizio un processo di grande diffusione delle Casse Rurali (diventate, in tempi più recenti, Banche di Credito Cooperativo) in tutta Italia.

Our roots

For over 100 years, Cooperative Credit has been a key factor for the development of local communities.

Born to promote local development, the system has always known how to operate within each community it has encountered, with a collaborative and supportive spirit.

This is the history our roots stem from.

The spark
Our challenge: to meet change with change
The Reform

In recent years, market pressures and the new regulatory environment brought about by the Banking Union have led to important changes for banks of all sizes and legal forms, with a profound impact on strategies, organisational processes, procedures and the relationships with all stakeholders.

In this context, the Cooperative Credit Reform (Law 49/2016) was passed with the aim of updating the cooperative banking model while preserving its participatory nature and independence, introducing important concepts in relation to risk management and the pursuit of collective benefits.

The Cooperative Banking Group designed by the reform is based on a cohesion contract, which all participating banks must sign.

The contract provides that:

  • the individual banks retain control of their own assets;
  • the banks control the Cooperative Banking Group, holding the majority of shares in the Parent Company; 
  • within the scope of the strategic guidelines established by the Parent Company, the banks maintain a degree of management independence based on their level of risk.

Reform milestones

At a time of great economic and regulatory upheaval, the 2016 Cooperative Credit Reform prompted the system to rethink itself, with a view to greater integration and risk management.

This is our response.

We became a Banking Group to safeguard the heritage of values that are dear to us all.

To protect the results we have always achieved at a local level: social cohesion, shared development and community progress.

Il Nuovo NOI
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The name, face and voice of a Group under construction

The creation of the Group was only the final step of the journey that led us here.

After choosing Cassa Centrale Banca as our future parent company, we began working on our new shared home, using a common platform, Il Nuovo NOI, to share the foundations and entire architecture of the new Group.

During that period, Il Nuovo NOI represented the name, face and voice of the Group born on January 1, 2019.

The stages of our journey

13 October 2016

Verona: project announced

31 March 2017

Milan: Cassa Centrale Banca announces it will exceed the capital threshold required by the cooperative credit reform

27 September 2017

Milan: over 100 banks choose Cassa Centrale Banca

End of November 2017

Share capital reached

2 August 2018

Official authorisation by the Bank of Italy and ECB

1 January 2019

The Group is born

Gruppo Cassa Centrale
We are young, but our actions speak for themselves

Since day one we have been among the top 10 Banking Groups in Italy, and one of the most sound. 

But our results were evident even before.

becoming a group

We are a Group, but we have not always been.

Driven by the Cooperative Credit reform, we decided to work on an idea that very few believed in. A challenge we always thought we could win: a Group built together in the interest all of us.

To keep contributing to the growth of our country and the wellbeing of our local communities, in full respect of our cooperative identity.

winning over the banks

We are proud to mention that a large number of Cooperative Banks chose our project. Banks that recognised a project based on values, quality, respect for commitments and substance. Banks that decided to continue placing people first, trusting the project of a new and original Group, able to combine soundness and mutuality, coordination and independence, unity and participation.

reaching a net equity of €1 mld

One of the crucial steps along the path that led us here today was reaching, and exceeding, a share capital of one billion euros ahead of schedule. 

This concrete and tangible result demonstrates the Banks’ trust in the project; an important tool that will enable us to guarantee soundness and stability for all members, strengthening our mission of local development and growth.