Bcc Valle del Trigno grows with welfare

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The Trigno valley is a valley which, if it were not simply considered the border between Abruzzo and Molise, would be one of the most flourishing areas that cross Italy, with enormous potential because it naturally connects the Adriatic side to the Tyrrhenian side. «Unfortunately, the lack of foresight of the political and decision-making centers have relegated it to a border valley, forgotten by the development strategies of both regional sides – says Nicola Valentini, president of the Bcc Valle del Trigno -, with the consequent depopulation of the small towns which overlook the valley, almost completely devoid of work opportunities and the most useful services for social and economic life”. In this reality, the Credit Cooperative is a point of reference and support for families and businesses, “who have courageously decided to stay”.

In the early 80s, the economy was predominantly agricultural and in the area of ​​Mafalda, a small town in the Trigno Valley where BCC was born, there were no other activities other than agricultural micro-businesses, whose source of credit should have come from the agricultural loan, which instead was exhausted by the existing medium and large ones due to the relationships established with the few banks present in the area at the time. From this problem the idea of ​​the Cassa Rurale e Artigiana di Mafalda was born in 1985, a project whose growth is confirmed by the numbers: the members have gone from 200 to over 2,000 today, the net assets from just over 200 million lire to almost 20 million euros in 2023. In the first 6 months of last year, total customer deposits reached 202.54 million (+5.23% compared to the same in the previous year), loans 93.79 million (-5.61%), while net profit took off to 1.56 million (+214.7%). «The second half of the year ends with a net profit forecast of over 3 million, maintaining stability in the loan collection ratio compared to the first half of the year; for this year a consolidation of the results is expected with an increase in loans to customers”.

The move in 1995 from Mafalda to San Salvo (Chieti) did not change the mission of the 6 branches: «To be a good bank, a good cooperative and a good network to build our little better world. And today more than ever, proximity once again becomes the crucial factor capable of promoting stability, financial inclusion and social cohesion, albeit in new declinations and with new welfare models”. Alongside a Foundation, founded in 2011 and today directed by Stefania Ciocca, which operates according to the principle of circular subsidiarity, «precisely to try to guarantee and strengthen proximity and support social, economic and cultural growth in our reference territory, stimulating that transition already underway from the welfare state to the welfare community”. Valentini mentions one project among many: “Redesigning the Environment and the Future”, which through the involvement of around 320 children from primary schools in the Trigno Valley has made it possible to create 13 comics, with stories of active citizenship, social responsibility, care and preservation of the natural heritage and historical memory of the area.

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