BCC (Banca di Cooperazione Credito)

BCC, or Banca di Cooperazione Credito, refers to a type of cooperative banking institution primarily found in Italy. Its goal is to provide financial services to its members, often focusing on local communities and small businesses. BCC banks operate on the principle of mutual support, where profits are reinvested into the community rather than distributed to shareholders. This ensures that customers benefit from better rates and personalized services. Overall, BCC banks foster economic development and financial inclusion by prioritizing local needs and relationships over profit maximization.