Federation Sicilian Cooperative Credit Communication Different banks The Cooperative Credit Banks and Rural Banks are unique in the Italian credit panorama: the system made up of over 400 mutual banks is based on specific regulations, derived directly from article 45 of the Constitution . The main characteristic of the mutual banks, in fact, is that of being above all mutual and local cooperatives. The CBs were born in the social context of the late nineteenth century as a response to the concrete needs of the poorest and most non-bankable people, translation into work of a conception of the economy that finds its deep roots in the social Christian thought of the encyclical of Leo XIII, the Rerum Novarum . In more than 120 years, the Rural and Artisan Banks - today the Cooperative Credit Banks - have become a system of banks spread throughout the country. A vital system, which has proved its worth even in the current scenario characterized by strong competitiveness. That of the mutual banks is a dynamic system which, today, updating its principles, interprets the function of development bank for the territory, providing an answer to the economic and social needs of local communities: from attention to the economically weaker people to young people, from the sustainable growth of companies to the promotion and protection of the historical and artistic heritage. This modus operandi has derived over time from the interpretation of the mission of the mutual banks: that of economic and social inclusion through a shared development that starts from the bottom, capable of making all the subjects of the economic and social fabric protagonists. The Cooperative Credit Banks, therefore, are companies characterized by a specific entrepreneurial formula, a genetic code made up of three inseparable molecules: cooperation, mutuality and localism. The resulting model is that of a company with widespread ownership, expression of a popular and community capitalism, oriented towards sustainable and constant development pursued through the logic of advantage rather than maximization of the dividend, in a total and permanent bond with the territory. Federation Who we are Statute Documents Sicilian Cooperative Credit Youth Project Basel 2 Who we are Different banks Social Banking The BCC system BCC Siciliane BCC research Photo galleries Communication Press releases Press office Sicilian Federation of Cooperative Credit Banks Webmaster: GoalNet Srl www.goalnet.it Copyright © FedSic