Report
Iccrea Banca S.p.A. : Initiating coverage with positive credit opinion and buy recommendation
We are initiating the coverage on Iccrea Banca (IB), the central body and issuing vehicle of Gruppo Bancario Cooperativo Iccrea (GBCI), the four largest banking group in Italy by total assets (EUR169bn at end-June 2021). GBCI is composed of 129 local banks (Banche di Credito Cooperativo, BCCs) essentially present in the Northern regions of the country. Although BCCs have existed for years, GBCI was created in 2019, as the reform of the Italian cooperative banking sector initiated...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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