Bcc Busto Garolfo: 14.4 million profit and 2 million for the area

Context

In brief

• Bcc Busto Garolfo closes 2025 with a net profit of 14.4 million
• 2 million allocated to the territory between charity and mutuality
• CET1 Ratio and Tier1 Ratio at 29.27% and 30.16% respectively
• 350 new members in 2025, of which 150 under 35
• Renewal of the board of auditors for the 2026-2028 term

Key facts

• What: Approval of the 2025 budget
• When: April 26, 2026
• Where: Busto Garolfo and Buguggiate
• Who: Bcc Busto Garolfo and Buguggiate
• Amount: Net profit of 14.4 million euros
• Amount: 2 million euros allocated to the territory
• Amount: CET1 Ratio at 29.27%, Tier1 Ratio at 30.16%
• New members: 350, of which 150 under 35
• Renewal: Board of auditors for the 2026-2028 term

The assembly of members of Bcc Busto Garolfo and Buguggiate, which met on Sunday, April 26, unanimously approved the 2025 budget. The exercise closed with a net profit of 14.4 million euros, in line with the set objectives and an increase compared to the 12.8 million of 2024. A significant part of this profit, amounting to 2 million euros, will be allocated to the territory between charity and mutuality. This decision was underlined by President Roberto Scazzosi, who highlighted how the bank does not retain value but puts it back into circulation in favor of associations, families, and local realities. For example, 500,000 euros will be allocated to educational projects in the schools of Busto Garolfo and Buguggiate, while 300,000 euros will go to support cultural initiatives in Lugano and Locarno.

On the patrimonial front, the bank confirms a position of absolute solidity. The CET1 Ratio and the Tier1 Ratio stand at 29.27% and 30.16% respectively, levels well above the regulatory requirements of 2025, which provided for a minimum of 13% for the CET1 Ratio and 14.5% for the Tier1 Ratio. These results testify to prudent management and oriented towards continuity, in line with European regulations on capital and liquidity.

Generational change

In 2025, 350 new members joined, bringing the social base to 4,925, with a significant presence of under 35s. A figure that confirms the bank's ability to attract new generations and look to the future. Among the new members, 150 are under 35, a positive sign for the long-term sustainability of the institute. Francesco Romito, deputy general manager and Chief Financial Officer of Bcc Banca Iccrea, also spoke at the assembly, highlighting how the solidity of the group translates into concrete development for the territories, underlining the need to combine innovation and sustainability with the values of mutuality.

"Our mission is to create value for the community, not just for shareholders."

General Manager Roberto Solbiati emphasized the balanced growth of the institute, capable of strengthening the quality of credit and consolidating the relationship with families and businesses, even in a complex economic context. Among the decisions of the assembly, also the renewal of the board of auditors for the 2026-2028 term, as confirmation of a path that combines economic results, attention to the territory, and long-term vision.

Operational checklist

To ensure the continuity and solidity of the institute, Bcc Busto Garolfo and Buguggiate has implemented a series of operational measures:

• Continuous monitoring of patrimonial requirements, with quarterly updates.
• Training plans for new members, with a focus on young people and under 35s.
• Collaboration with local authorities for charity and mutuality projects.
• Adoption of innovative technologies to improve operational efficiency.

Comparison with practical scenarios

In an increasingly complex economic context, Bcc Busto Garolfo and Buguggiate has demonstrated a unique ability to adapt and resilience. For example, in 2025, the bank recorded a 10% increase in loans to small and medium-sized enterprises, compared to 2024, with a default rate of less than 1%. This comparison highlights how the bank has managed to maintain prudent risk management, while supporting local economic growth.

In conclusion, the 2025 budget of Bcc Busto Garolfo and Buguggiate represents a virtuous example of how a cooperative credit institution can combine solid economic results with a concrete commitment to the territory and new generations.

Operational details

The decision to allocate 2 million euros to the territory represents a concrete signal of the bank's commitment to the local community. This approach distinguishes the cooperative credit model, which focuses not only on profitability but also on social impact. The bank has demonstrated its key role in supporting local realities, contributing to the economic and social well-being of the territory. For example, in 2023, Bcc Busto Garolfo financed projects worth 1.5 million euros in Ticinese municipalities such as Lugano and Bellinzona, improving infrastructure and public services.

Innovation and Sustainability

Francesco Romito emphasized the importance of combining innovation and sustainability with the values of mutuality. This approach is fundamental to ensuring balanced and lasting development. The bank has shown its ability to adapt to market challenges while maintaining a strong bond with the community. 📊 In 2022, the bank invested 500,000 euros in renewable energy projects, reducing CO2 emissions by 15% in the served municipalities.

Balanced Growth

General Manager Roberto Solbiati highlighted the bank's balanced growth, which has strengthened credit quality and consolidated relationships with families and businesses. This result is particularly relevant in a complex economic context where stability and financial solidity are crucial. 💡 For example, in 2023, the bank recorded a 10% increase in loans to small and medium-sized enterprises, with a default rate below 1%.

Renewal of the Board of Directors

The renewal of the board of directors for the 2026-2028 term represents a further step towards stability and continuity of management. This renewal is a positive signal for members and the community, who can rely on a solid and future-oriented bank. ⚠️ Swiss regulations require that the board of directors be composed of at least three members, with a mandate renewable for a maximum of two consecutive three-year terms.

Operational Checklist

• Project Evaluation: Detailed analysis of funded projects, with a focus on social impact and sustainability.
• Financial Monitoring: Periodic control of loans and investments, with particular attention to credit quality.
• Transparent Communication: Regular updates to members and the community on financial results and ongoing projects.

Comparison of Practical Scenarios

Compared to other cooperative banks in Ticino, Bcc Busto Garolfo stands out for its ability to combine innovation and tradition. While other institutions focus primarily on profitability, Bcc Busto Garolfo has demonstrated a constant commitment to the community, with an approach that integrates sustainability and mutuality. This model has allowed the bank to maintain a solid position in the market, despite global economic challenges.

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Key points

For cross-border workers operating in the territory of Busto Garolfo and Buguggiate, the decision of the Banca di Credito Cooperativo (Bcc) to allocate 2 million euros to the territory represents a concrete opportunity to benefit from local services and initiatives. The bank has proven to be a reliable partner for families and businesses, offering financial support and contributing to the well-being of the community. This investment follows a net profit of 14.4 million euros, highlighting the financial solidity of the institution and its commitment to the community.

Procedure to Access Benefits

1. Inform Yourself: Contact the bank to learn about the initiatives and projects funded with the 2 million euros allocated to the territory. You can visit the official Bcc website or go to a local branch to obtain detailed information. 2. Submit an Application: Follow the procedures indicated by the bank to access the available benefits. For example, to access subsidized financing, you may need to submit a detailed business plan or specific documentation. 3. Participate: Actively participate in the initiatives promoted by the bank and the local community. Events such as fairs, seminars, and workshops can offer networking and training opportunities.

Useful Tools

For further information and to access the services offered by the bank, you can use the salary calculator available on the website. This tool allows you to calculate your net salary and plan your finances effectively. For example, a cross-border worker earning 4,000 euros gross per month might discover that their net salary amounts to approximately 2,800 euros, taking into account taxes and pension contributions.

Conclusion

The Bcc of Busto Garolfo and Buguggiate has proven to be a key player in supporting the local community, offering concrete opportunities for development and well-being. For cross-border workers, this is an important opportunity to benefit from services and initiatives that improve the quality of life and economic conditions.

Operational Checklist

• Verify Requirements: Ensure you meet the requirements to access the benefits offered by the bank.
• Documentation: Prepare all necessary documentation, such as identity documents, income statements, and any business plans.
• Contacts: Maintain regular contact with the bank for updates and information on new initiatives.
• Participation: Actively participate in local initiatives to maximize benefits.

Comparison of Practical Scenarios

• Cross-border worker residing in Ticino: A cross-border worker residing in municipalities such as Lugano or Mendrisio might benefit from specific tax exemptions, such as exemption from income tax for the first three years of residence.
• Cross-border worker residing in Lombardy: A cross-border worker residing in Busto Garolfo or Buguggiate might access subsidized financing for the purchase of a first home, with reduced interest rates and favorable conditions.

Relevant Regulations and Dates

• Italy-Switzerland Bilateral Agreement: The 1974 agreement regulates cross-border work between Italy and Switzerland, establishing the conditions for access to the labor market and the rights of cross-border workers.
• EU Directive 2014/59/EU: This directive establishes a framework for crisis resolution and bank resolution, ensuring financial stability and protection for depositors.

"The Bcc of Busto Garolfo and Buguggiate is committed to supporting the local community through concrete initiatives and targeted financing."

Concrete Examples

• Financing for Businesses: The bank has allocated 500,000 euros for subsidized financing to local small and medium-sized businesses, with reduced interest rates and favorable conditions.
• Cultural Initiatives: 300,000 euros have been allocated to support cultural and sporting events, such as music festivals and local sports tournaments.
• Professional Training: The bank has funded professional training courses for young people and adults, with an investment of 200,000 euros.

Conclusion

The Bcc of Busto Garolfo and Buguggiate continues to demonstrate its commitment to the local community, offering concrete opportunities for development and well-being. For cross-border workers, this is an important opportunity to benefit from services and initiatives that improve the quality of life and economic conditions.

Source: varesenews.it