ICCREA Banca is a renowned name in the banking industry, and for good reason. They have a strong presence in Italy, with a network of over 1,000 branches across the country.
Their expertise in retail banking is impressive, with a focus on providing personalized services to their customers. With a team of experienced professionals, they strive to meet the diverse needs of their clients.
ICCREA Banca has a long history of innovation, with a commitment to using the latest technology to improve their services. This is evident in their online banking platform, which allows customers to manage their accounts and make transactions with ease.
Their leadership in the industry is also noteworthy, with a strong focus on corporate social responsibility and community development.
Industry and Performance
ICCREA Banca's performance is impressive, with an ESG Risk Rating of 8.2, which is considered negligible.
This rating puts them in the top 22 out of 1024 companies in the industry, as seen in the industry comparison chart.
ICCREA Banca's low ESG risk suggests that they have a strong focus on environmental, social, and governance issues.
Their industry rank is a testament to their commitment to responsible business practices.
Here's a breakdown of the top 5 companies in the industry by ESG Risk Rating:
ESG and Compliance
Iccrea Banca SpA has a medium exposure to material ESG issues, considering its business model and subindustry factors.
Our exposure score takes into consideration subindustry and company-specific factors such as its business model, which is a key aspect of assessing a company's ESG risks.
Iccrea Banca SpA's medium exposure score suggests that the company is somewhat vulnerable to material ESG issues, but it's essential to understand the specific issues affecting the company.
Understanding how exposed companies are to specific material ESG issues is crucial for investors and stakeholders, as it helps them make informed decisions about their investments.
Our exposure score provides a comprehensive view of a company's ESG risks, helping investors and stakeholders identify potential areas of concern.
Iccrea Banca SpA's ESG exposure is a critical factor to consider for those interested in the company's long-term sustainability and stability.
Technology and Services
ICCREA Banca's technology and services are top-notch, thanks to its partnership with EastNets.
The bank has implemented watchlist filtering and SWIFT value-add plug-in software from EastNets to expand its anti-money laundering (AML) capabilities.
Real-time blocking and sanction list filtering are made possible by en.SafeWatch Filtering, which is one of the three integrated EastNets solutions deployed by ICCREA Banca.
With en.Reporting for FIN and XML traffic monitoring and reporting, ICCREA Banca can track and analyze its SWIFT traffic.
en.Duplicate Detection prevents duplicate payments or other FIN messages from being sent to correspondents in real-time.
The joint efforts of EastNets and Net Solving gave ICCREA Banca the confidence to start these projects, according to Claudio Di Legge, head of C.A.I.S.
EastNets' solutions have improved ICCREA Banca's compliance and SWIFT operations, with results that are "excellent" according to Hazem Mulhim, CEO of EastNets.
Italy is a prime market for EastNets products and services, particularly for small to mid-sized financial institutions like ICCREA Banca.
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Frequently Asked Questions
Who owns Iccrea Banca Spa?
Iccrea Banca Spa is primarily owned by Co-operative Credit Banks, with a significant majority stake. It is also a member of the UNICO BANKING GROUP.
What is the credit rating of Iccrea Banca Spa?
Iccrea Banca Spa has a credit rating of BBB (Long-Term Issuer Rating) and R-2 (Short-Term Issuer Rating) from Morningstar DBRS, indicating a stable trend.
Sources
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