BCC San Marzano di San Giuseppe
LEI 8156009C252A56CA6782, SWIFT CCRTIT2TSMZ

BCC San Marzano di San Giuseppe is a cooperative bank founded in 1956 in San Marzano di San Giuseppe (Taranto), a little village in the southern Italian Region of Puglia. The bank had just one branch until 1991. Since then, it has expanded organically within its home province, and increased its commercial network to ten branches, concentrated in the province of Taranto (8) and Brindisi (2). It serves the needs of local households and entrepreneurs (about 18000 customers) and has about 1500 shareholders. Very close to social problems, BCC San Marzano prefers action over words and has a strong proximity to its customers, that have allowed the bank to maintain asset quality indicators above the average of other BCC (the ratio of net nonperforming assets to net customer loans is below 1%). Up-to-date with the latest technological equipment, the bank has several leverages and offers custom-made banking products to local households and entrepreneurs in a difficult environmental context. It is the first bank awarded with the Sodalitas Social Award and the Oscar di Bilancio in the same year (2008). Also it is the smallest bank rated by Standard and Poor’s, which assigned it BBB- on short term and A-3 on long term. At the year-end 2010 the bank had €500 million of total assets and €35 million of net worth.