#02 Prdc trrl Aut. Trbul d Blg 8309 dl 12/07/2013 A I N 2 gug 2014 Drttr Rspsbl Ts Rf IL TAM TAM DEI SOCI XXXXXXXXXXXXXXXXXXXXXXXXXX CN/BO1438/2008 XXXXXXXXXXXXXXXXXXXXXXXXXX BANCA CARIM Il rul d u bc dl trrtr Prf.ss Vr Ngr Vc Prsdt d Bc Cr Qud l dcbr 1840 v dffus R l vvs dll crz d u Css d Rspr l tt r qull d pruvr l rspr l ztv cc pr rdr pù frt l cttd d R pggv su rdc t u r d tutt rsptt tt d su prgs ut vv ttvtà c ss d u pplz qut rrtt frr 25.000 btt. Cttt d svlupp s putggt d trrt gurr dvt h vls fr d R u cttà rcc ppls cptl d u d prcpl drtt turc tl. L Css d Rspr h ccpgt c slc qu trsfrz u prtrshp è t rcscut prt dll cttdz c u prtcpz l cptl dll Css u fduc su srvz. V rcrdt qu prtrshp r fvrt dl ftt l Css d Rspr c prcdt Mt d Ptà r prs t-fr-prft ss prs vv c lr bttv l sszzz d prftt pr gl z ( vv dt l cptl) prpr l srvz l trrtr svlt ttrvrs l tutl dl rspr l dspbltà sr l ttvtà c lcl l bblg d dr gl vz d blc ll ptrlzzz dll bc ll ttvtà scl culturl dl trrtr. Qud l lgg At dl 1990 sprò l ttvtà t-fr-prft d qull prft l r bc r dt Bc Cr trprs l su rd s tutt l ltr Css d Rspr ll gtt r dll b sp tr l ttvtà prft vv lsct cp ll Fdz. N è t fcl pr ssu dll Css trvr u lr dltà d sz qu lr uv v. Mlt Css s ft cqu d grd grupp bcr lcu ltr s r lt ut tlr gt d rtr Ctu ll pg sgut ETICA + BANCA Il Blc Scl Mrtdí 13 Mgg - r 18:00 plll Plzz Aglt - V Gblug 29 R I qus PRESENTAZIONE 7.400 Sc d Bc Cr s prprtr pr clt dll Bc. Rvr l rpprt d fduc c Pccl Az è t u dll sfd h t l ult d gvrc. A lr Cr h ddct spcfc srvz ztv prtclr u pctt d vtgg sclusv. BILANCIO SOCIALE 2013 Ctu pg 3 Tll M I Nt Drg Er 2012 spry pt cvs 150x115 c PENSATO PER TE INIZIATIVE Nuv Ct Sc A FAVORE DEI SOCI cr_ct_sc_22x16_esecutivo.dd 1 29/04/14 12.56 Ct crrt cdz gvlt c srvz prslzzt rsrvt Sc ttlr d: - u pctt d 200 z; - ct crrt dp ttl ttv prss Bc Cr. Ctu pg 4 Slv Gv Adr Guspp sr lt d ctrrv ll uv fll I Mlt d R v El 150 d Ludì Sbt dll 11:35 ll 19:00 www.bccr.t Dl 1840 cr spr. RIMINI A VOLO D AQUILA! Bc Cr h prt tpr ll Assbl d Sc dl 28 prl scrs u vd rlzzt cllbrz c l Cu d R l Asscz R Sprt. L spttclr flt rlzzt c l usl d u dr prt grl ccs dll cfrz p pr l pr Blc Scl d Bc Cr rprd pù trs dll cttà d R d è dspbl su: v.c/bccr yutub.c/bccr SOTTO LA LENTE Qul sclt pr rct fzr? A g 2014 l FED h zt l csddtt tprg vvr l rtg d rduz dl p sl d cqu ttl d Stt h dfct l l gud dll pltc tr bbdd l rfrt l trgt sull dsccupz l 2012 vv fs 65% (ttult è l 63%). Ctu pg 5 Cr rcv l bbrcc d S Ptrg Il 17 gg 2014 Bc Cr h csgt 90.000 ur rsultt dl cllct d Scl Bd ddct S Ptrg durt l cr d ssgz dl pr: Abbrcc 2014. Sdc l rltà prt c Bc Cr rpprr l trrtr rs ll ctgr Ec Pv. Grz r Clt h trt tscrtt l bblgz pr u vlr l cplssv d 15 l d ur s s ptut dvlvr ll Cutà 90 l ur (vvr l 060% dll prt zl) dt ll plt d u cs ll tr dll ruttur ccglrà ltr 128 gv tsscdpdt pr vvrl l rcupr scl.
Ctu dll pr pg r grd d cprdr pp l sfd v lr d frt: trvr u c d z vld u rct bcr ffllt d ttr u gu rurz dl cptl dtut d prvt dll Fdz c u g ffct d cult putt c prz rrdr c crdt frt clt d grss tgl. Su qu uz gà fcl s è p bbttut l grd crs h rs l ttvtà cc dffcl pr tutt. A Bc Cr h ftct trvr u su dgut pszt sprttutt gl dll crs h csdrt l pz d rtrrs dl cp d ffdr l g dll su ttvtà qul grd cplss bcr. I qu ult zz l Bc s è drt cpc d ffrtr cdz d rct r t pù dur ( dp l crs dl 29) rcuprd rddtvtà slc c l ut d tutt: drgt dpdt br dl CdA tutt h lvrt sd pr rdr slt qu tuz h cr u su ss d svlgr qull d drr l rul dspsbl d u bc è vc clt sprttutt prdtr d ds d-pccl dtt cprtt spcultv. Purtrpp l Bc v cr gg su grl trpp spss pr qu lgt ll g ps lcu dll qul dvvr dffcl d vvr sluz rpdt. Tutt vrr vc v dss pr l lt uv ztv ttul dspg fvr dl trrtr. È pr dr dgut pubblctà d qu ult s è trprs l pubblcz d qu grl. Il f dl 1840 s udv c u ctz vrr fr : Bll srà pur ptr dr ghtts fu l prgrss dll u cvlt l frz l cur c cr pù bl grs tuz. U bc dl trrtr c Bc Cr può vr pr dv srvr l su tr cutà d rfrt lvrr pr l rrct d p dv ssr rrprsbl ll pplcz d uv rglt l Bc d Itl l Bc Eurp pg pr vtr futur l dffcltà dl ps dv utr l trrtr ss rtrvr ds prdtrl rvr l su prsz l d turc c qull durl crcl: tutt bttv gg s b r qutdt prtct d Bc Cr ll sprt d su lugrt fdtr. L vlz scl dl crdt Prf. Stf Zg - Ec M ruscr cprdr pp l vlz scl dl crdt s t pr l rdc dll qul l vr fr d g d rsrs fzr h trtt rct rg. A f dll pr t cv prdr l ss dll f dll XI scl qud l rd crcs s csld s dffd Eurp. Fgur v d qu prd è Brrd d Chrvll l qul s dv l prlfrz dll bbz bdtt d u tss d cu s h trcc scl prcdt. A prtr d Dg p l r dll Eurp l rpd svlupp dll bbz f srgr b pr prbl d tur squt cc d cu Brrd prcpsc f d subt l rlvz. U d qu h fr c vcl è pprtu prr ll gr cc dll bbz duqu dll bt ffé pss ssr scgurt l rs d u ccuulz prduttv d trr rczz. Il prcl d qull lt sgut srà t rt gà v trv d Brrd. è ll Crt Crtts dl 1098 vr prpr ctuz ggrt dll prcdt Rgul Sct Bdct trv u pr bbzz d sluz l prbl spr dct. Du s prcp l Crt Crtts uc d tt r. Pr u vrs s ffr è lct crur l prpr bbdz rcvdl dll pvrt ltru. Qu sgfc qull cc h d ssr u gc s pv dl qul cè tutt l prt cus dv trrr gvt s prprz cssrt gul. L plcz tvl dll ccz pr l qul l gr cc può ltrs d u gc s ull l qul cò u prt tt gugl qull l ltr prt prd è l rgzzz dl prcss prduttv h d ssr tl d grr u svrppù: sl csì ftt tutt clr prd prt l prcss pss trr vtgg. Pr l ltr vrs l Crt scsc l stuz dl tr ls c l tr bfct fr l b. Qul l plcz d rd prtc d tl stuz? I pr lug ll bfcz l bsg d d ut dv ssr vlutt c tllgz; qut dr l bfttr dv sfrzrs d cprdr l rg pr l qul l bsgs è tl. N ccd csì ll ls dv l dttà dl prttr d bsg è spss scscut l bfttr l qul h tutt l trss vlrl cscr. L scd plcz è l lrgz dv ssr l gu scd l sprss dll Crt -; dv cè ssr prprzt ll tà grvtà dl bsg. Il bfttr prcò ltr dr dv crcr d clbrr l su ut pr rdrl dgut ll spcfctà dl bsg s trv d Il crdt v ccss h prgtt d rlzzr cè h l tlt dll prdtrltà frt. If d u trz plcz ccrr dr: l bfcz dv dgrr qull fr d prdgltà l l suprflu l dtr. E cò pr l fdtl rg l bfcz dv ctvr l pgrz l rcv; dv cè br l pssbltà d usct dll uz d bsg qull gg v t l trppl dll pvrtà. Dl pr è prtt rcrdr c l psr l pr crcs cflur p scl dp ò d fflut l grd fu dll trdz frcsc vr prpr pr scul d psr cc dll qul vrr l d pr rlzzr gl rut fzr tpc d u dr c d rct: l fr d rct l crt d crdt; l ctbltà d prs - è l frcsc Luc Pcl s dv l sz dftv l 1494 dll prtt dpp - sprttutt Mt d Ptà. C t qu vg qus tutt fdt d prsgg c S Brrd d Fltr sprt dll Prd Vlgr (1427) d S Brrd d S ctur l dll dl qul trss rg l bc dr. Gv rr ll r l d fdtv dl Mt d Ptà: l crdt v ccss l pvr pré qu pss ssr utt d uscr dll su cdz h prgtt d rlzzr cè h l tlt dll prdtrltà pré pss grr vlr ggut scl c gg s td dr. S qu crtr sprtr dll ttvtà fzr d qull bcr prtclr l t dll su sct: s cbtt ffcct l usur vr prpr pg scl dll pc sz u dgut b fuzt ruttur fzr; é s può sscurr sbltà ll svlupp sz qu ult. N v è vd c è su tl rbu fdt s s ptut ffrr l ds scl dl crdt. C spp dll r gl svlupp succssv dll c d rct prtr dll rfr prtt dfr tt ccs d fuzt dll vr tuz d rct qut putt l f ult l qul tl ccs vv drzzt: pù l b cu bsì l b ttl ts c s d b dvdul. C ffrrà c frz Jry Bth fdtr dll tc utltrc (1789) scp dll pltc è l b ttl dl ppl duqu l rgzzz dll c dll tuz pubbl dv ssr tl d clr l csgut d u sl bttv. Gà tr ll tà dll Ottct Eurp dppr gl Us p z prdr crp l d d ttr d crrggr l rtur pù vdt dll lgc dl b ttl c prtclr rfrt ll sfr prprt fzr. S ps ll Bc dl Ppl fdt l g 1849 d P.J. Prudh l cu ttvtà durrà slt t t cu du prcp fdtl pr l ccss l crdt è l v pù prv pr cbttr l pvrtà; scd l crdt ctusc u ptt lg scl ctur c grd succss ll sprz succssv. Allud ll B d Vllgg l pr dll qul fdt d F.W. Rffs l 1864 ll Cprtv d rspr crdt dt d Sultz Dltzs ll Css d Rspr ll Css Rurl tl dl cu rul ll svlupp cc scl dl r ps s drà bbz. Ch dr dll prspttv d qu d d tdr l ttvtà crdtz? Qul l sfd dv ssr rcclt vt s s vul l crdt rspsbl pss dvtr cl prtt dll frrutturz cvl dll r sctà? D cò ccrrrà ccuprs ltr ccs. Qu c l spz. 2
tc bc Il Blc Scl plll Il sgfct rcus l Blc Scl è lt pù p d qu pg! Nl dr dgl sput d lttur v rd l lk: www.bccr.t/blc_scl_2013 I Sc I qus 7.400 Sc d Bc Cr s prprtr pr clt dll Bc. Rvr l rpprt d fduc c Pccl Az è t u dll sfd h t l ult d gvrc. A lr Cr h ddct spcfc srvz ztv prtclr u pctt d vtgg sclusv llurt ll pg: P pr T!. Pr Sc è t l prgtt dtrl Sclt Cr csì pprzzt d tt d v! I clt I clt d Cr s ltr 102.000 l 16% d prs gurd 84% d prs fs. S l l frz d Bc Cr d gu fgl prs l Bc gurd c c prtclr. I vlr dll qultà dl srvz dll rpdtà d rsp dll splctà ll g dgl ffr s ll bs dll r pltc crcl. Nl 2013 l Bc h ccss ll cltl 300 l d crdt c u crt dll 17% rsptt ll prcdt tt ctrtdz rsptt l s vc è cl. I dpdt L prs s l pr fttr d succss d Cr. L r Bc è gv prtr: l 48% d dpdt (crc 750) è d gr fl tr l tà d è d 41 d gr lug frr rsptt ll d d s. Ct è l pg pr rcrcr sluz rgzztv rsp gl vlt cclr vt flr lvr c rut d flssbltà wlfr. Grd prtz v dt ll frz l dlg c l s rpprz sdcl (23 gl ctr rgzzt c l RSA l 2013) cu l 89% d dpdt è scrtt. I frtr L rlz c frtr s prtt l rsptt d prcp d trsprz crrttzz. Nl 2013 Bc Cr h vvt l prss d bd d gr scl ffdd l frtur d srvz cprtv scl d tp B pr fvrr l clus lvrtv d sggtt svtggt. Sl d sp: pr 20 Fll dll Prvc d R s t ppltt srvz d pulz cprtv cur l rcupr l srt lvrtv d tsscdpdt lcl cdt ss ll sur ltrtv ll dtz vld. Cutà trrtr Prdr prt ll vt culturl cttd è u d cpt d lt ptt scl Cr svlg c pss ssdutà. Nl 2013 s è ftt pgt pr l rlzzz d urs ztv bfc dll cllttvtà l ducz dll fsc pù gv. C Sbk: u prgtt d ducz fzr rvlt gv dll scul scdr d pr scd grd t c l ptrc dll Prvc dl Cu d R. L bttv: trtr cctt v pr u g cspvl dl dr vvcr gv l d bcr fr svluppr u tltà prdtrl tr l uv grz. Iltr l crs dl 2013 s t rgzzt urs cvg d grss lbr srg c l prcpl sscz d ctgr Cr d Crc R Cfdur R su tt d prtclr ttultà cc. Trz tr L rgzzz prft h cqu prtz crsct sul p dll c cvl. Il Trz Sttr è l crd dl uv dll d wlfr sussdr pé sscur l rgz d u gr ur d srvz scl dspsbl ll cutà svluppd cptl rlzl prgrss trl rl. Nl 2013 Bc Cr h rffrzt lg c gl t dl Trz Sttr c l tt d dr uv slc vtltà ll c. Sr fzrt qu rltà ccrsc l cpctà dll Bc d rpprtrs c l trrtr rgr lg c l cutà ctrbur ll svlupp u d cc. I crdt rgt l Trz Sttr dll Bc s pr 279 l d ur csì rprtt: Prrc: 125 l d ur pr 64 sggtt fzt Asscz prft: 88 l d ur pr 139 sggtt fzt Cprtv: 65 l d ur pr 75 sggtt fzt Mcrcrdt Tr l pg pù prtt dl Blc Scl v s qull sul crcrdt rccgld l przs rdtà d Etcrdt. Mdt pp cvz l Bc ur vlrzz l rlz c qugl t prft cur l ttvtà d vlutz scl sglz d sggtt cs d sg fzr. Nl 2013 s t fzt 472 fgl tr prgtt pù prtt rcrd: ccrd c sscz d vltrt Fgl Is Crts d R c h prtt d rgr l 2013 crprt 339 fgl ccrd c l Cu d R pr l prgtt d Sg Afftt d cu h bfct 105 fgl ccrd c l Prvc d R pr l Fd Atrcss dll vv h ct d fzr 174 prs ccrd c Cfdur R pr l prgtt EffGDI (Fd d Grz pr Dpdt dll zd dll Prvc d R) h prss d fzr 126 dpdt dll zd drt Abt Pr Cr l slvgurd dll bt è cultur rgl d cprtt. A ll trss dll grz futur è t vvt u prcrs d sbltà dll ttvtà zdl pruvd l pg ct pr l rduz d csu rgtc l rccl l rcclt dffrzt. C prtclr rgurd ll rg ftvltc Cr prp CARIENERGY l fzt p pr l rlzzz d pt ftvltc (pr l trsfrz dll rg slr rg lttrc) trc (pr l prduz d cqu cld r). Ad gg l Bc h rgt cplssvt ltr 27 l d Eur d fzt pr l cruz d. 391 pt. Il vlr ggut prdtt Il rdct sull drbuz dl Vlr Aggut è l prcpl cllgt fr l Blc Scl l Blc d Esrcz prtt d vdzr l rczz l Bc h prdtt d rgt prttr d trss. Il prcss d clcl rclssfc dt dl ct cc d d vdzr l vlr dll prduz c sut rcpd l vlr ggut scl c r dll rurz prcpt d prttr d trss. Il vlr cc drbut fr gl khldr è t d ltr 75 l d ur ltr ll p. Prt l pr Blc Scl d Bc Cr Pr Bc Cr l 2013 è t l dl rvt h cvlt g sptt dll vt zdl. Icrprr Etcrdt h ftt sgfct rlzzr d plfcr qull sprz tc gà pr l r d gg ll bs d u uv dll d bc vlt ttr qulbr trss cc vlr scl. Bc Cr Etcrdt è csì dvtt l pr bc crcl pruvr u cultur fzr tct rtt cpc d fr cvvr dlgr rcprct l z prvt dl d cc dll sctà cvl. Pr dr ct dl vlr scl prdtt dll rczz drbut ll cllttvtà dt l r ttvtà d prs Bc Cr h rdtt l pr Blc Scl l scrs 13 gg h prt u vt pubblc tuts ll Sl Cvg d Plzz Aglt (R): tr gl trvut ltr rpprt dll ssczs rs tt prvt cttd l Prftt d R Dtt. Clud Plb d l Prsdt dll Prvc d R Dtt. Stf Vtl. L ctr prsdut dl Prsdt d Bc Cr Prf. Avv. Sd Bftt h vrt tr rltr l Vc Prsdt d Bc Cr Prf.ss Vr Ngr Zg h ftt u trs trvt sull Rspsbltà cvl dll prs gg ; l Drttr Grl h vc ffcct llurt gl sptt slt dl Blc Scl rdd t l urs ztv cput ll ult dl r Itut fvr dl trrtr vtgg d tutt r khldr prttr d trss. Apprzzt sull ttvtà svlt d Cr l crs dl 2013 s t sprss dl Prsdt dl Ctt Etc d Bc Cr Dtt. Murz Fc dl Prsdt dll Asscz Etcrdt Dtt. Bfgl Mrtt trvut usur dl cvg sul plc d rltr. 3
INIZIATIVE A FAVORE DEI SOCI CONVENZIONE SOCI CARIM NUOVO CONTO SOCIO CONTO SOCIO Rvlgt ll tu fll d rfrt pr vr ggr dttgl scprr l ztv gà ttv! LINEA PERSONA IL NUOVO INIZIATIVE Ct crrt cdz gvlt FAVORErsrvt DEI SOCI c srvz A prslzzt Sc ttlr d: - u pctt d 200 Az - ct crrt dp ttl ttv prss Bc Cr cr_ct_sc_22x16_esecutivo.dd 1 LE CONDIZIONI I SERVIZI PERSONALIZZATI IL SOSTEGNO ALLO STUDIO I VANTAGGI ESCLUSIVI - Nssu sps d tut ct - Tss crdtr - 075% f 25.000 ur - 100% d 25.00001 125.000 ur - 125% ltr 125.000 ur 40 CONVENZIONI CON ESERCIZI COMMERCIALI cr_ct_sc_22x16_esecutivo.dd 3 Iprv - Bct Sc prslzzt grtut - Bct grtut pr l vtul cttr dl Ct Sc - Crt d Crdt Or prslzzt grtut - Cd Crd Brs d ud ul rsrvt gl udt uvrr pù rtvl: Sc Fgl d Sc cr_ct_sc_22x16_esecutivo.dd 2 PRESENTA UN AMICO 29/04/14 12.56 29/05/14 10.02 - Tss rsrvt sul ct dp Rd & Ct - Nssu css d grss pr l tscrz d fd cu d vt - Sct sull plzz sscurtv R D RC Aut Mt - Ccltr - Abbt srl ll rv sl ddct ll fgl Spr Vvr A Sc prr u c u flr pr l prtur d u ct crrt srà rsrvt u srvz sclt tr: - Tlpss Opz Pru grtut pr u - Plzz Asscurtv Prtz Crt grtut pr u - Bu d utlzzr ll lbrr cvzt - Bu d utlzzr sul www.z.t - Abbt ul prgs tt dtrl Esbd u tssr tt l qulfc d Sc Cr (Bct Crt d Crdt Or prslzzt) s h l ccss ll gvlz rsrvt d ltr 200 srcz crcl slzt. L lc dgl srcz crcl è dspbl g fll csultbl sul trt www.bccr.t ll r rsrvt Sc. 29/05/14 10.02 I Sc h sclusv gvlz sct sull plzz sscurtv: pr s lcu. L r fll rg c spr dspsz pr quluqu frz rt. 4 L plzz tutl dll slut prtgg dl rs d frtu ltt. Slut Rbrs Sps È l plzz frtu ffr u prtz cplt vld 24 r su 24 ll uz dll vt qutd s lgt ll ttvtà prfssl l tp lbr ll vcz ll svg ll ccupz d flr. È l plzz ltt tutl cct l sscurt rbrsd l sps d cur sgut d grd trvt rurgc frd u pctt d srvz d ssz r lgl. Grz - Mrt sgut d frtu - Ivldtà prt sgut d frtu (frg 5% I.P.) - D tc (dtà ggutv d 5.000 sgut frtu dzzbl ss d plzz) Grz - Mltt: rbrs sps d cs d Grd Itrvt Chrurgc sgut d frtu ltt - Assz: srvz frtv (frz su ruttur r) srvz dc (csulz dc tlfc v d u dc l dcl) ltr srvz (ssz frrc dclr sgut d rcvr v bulz sgut d frtu ltt g pputt scd p) - Tutl Lgl: ssz rgudzl gudzl pr l ctrvrs cs d l prcts r Lt d tà - M 18 - Mss 79 ll tscrz 80 l rv Durt ul c tct rv Pr - Fsclt dtrbl - Frzbl sz ggrv d c Lt d tà - M prv - Mss 64 ll dcrrz 69 l rv Durt ul c tct rv Pr Frzbl sz ggrv d c Mssgg pubblctr: pr l cdz prtct s f rfrt fgl frtv dspbl ll r fll sul www.bccr.t Tll M I Nt Drg Er 2012 spry pt cvs 150x115 c CONVENZIONE SOCI CARIM
Cs è succss d z qul sclt pr rct fzr? Iz dll rduz gl l tr USA cbt dll dcz su tss dll Fd Irld Spg sc dl prgr d ut urp L Cr vt l sprz dll Ucr ltd ts sprt trzl I Itl Rz fr u uv gvr dv pr r Il Prlt Eurp h dttt l Prp dll Css Eurp sull MIFID II cprt prtt vtà prtv d prss ttvz pr gl trdr rgurdt l gzz dgl rut fzr All lz Eurp d gg l prtt d Rz rvc dd u frt sgl d bltà pltc Itl L BCE h trdtt u prgr d pltc tr frtt ccdt trducd pr l pr vlt ll r u tss gtv su dp pr l b A g 2014 l FED Bc Ctrl Arc h zt l csddtt tprg vvr l rtg d rduz dl p sl d cqu ttl d Stt h dfct l l gud frwrd gudc dll pltc tr bbdd l rfrt l trgt sull dsccupz l 2012 vv fs 65% (ttult è l 63%). I dt dll c USA cfr l crsct l uv prsdt dll FED Jt Yll h cuct cuqu tss d trss rrr bss pr u prd csdrvl dp l f dl prgr d cqu ttl prv pr l prss utu. I Eurp sgl d rprs s lt pù d rsptt gl USA (s vd tbll L ECO- NOMIA MONDIALE) tr l FED h zt u prcss d rlzzz dll pltc lt SOTTO l tr l Bc Ctrl Eurp gug h ttvt u pctt d sur cvzl gà d tp uct flzzt rblr l crsct pruvr l rprs cc. L BCE h dcs l tgl d tss d rfrt dll 11 gug è pr 015% d 025% blt pr l pr vlt u vlr gtv dl tss su dp BCE l f d scrggr l b lscr dpt BCE l lqudtà prs prt. L tut ctrl h uct trrprà l rlzzz dll lqudtà grt dl prgr Sp (prgr prvdv l cqu d ttl d ps pù clpt dll crs) vrrà u prgr d cqu Abs (ttl crt dll crtlrzzz d prt ccss pccl d prs) ffrrà uv fzt lug tr ll b cturà grtr l llcz dll lqudtà rubtt qud sz ltz tds prt d trvr cr c rpdtà s cssr. L r lqudtà ss crclz dll B Ctrl l fug d cptl zt ll f dl 2013 d ps rgt l vltltà dll vlut rs gpltc grt dll crs Ucr h spt gl vtr prr l dbt dll urz prtclr R Mdrd ffr rdt trs rsptt gl ltr ps dll U. I Itl l sprd dffrz d rdt tr ttl d t 10 tl tds è clt f 140 put l rdt dl BTP 10 sul rct scdr h sgt u uv rc dll trduz dll ur. VEDI TABELLA RENDIMENTI DEI TITOLI DI STATO ITALIANI. I u ct d fduc vrs u futur rprs Itl gudt dll uspcbl rfr l rct zr h prtclrt bfct h rgrt u csdrvl rlz d z 2014. I prtclr l dc FTSE Mb h suprt 22.000 put ss dll prl 2011 pr u prfrc qul lvll d ltr 16% d z. VEDI GRAFICO INDICE AZIONARIO ITALIANO FTSE MIB. OBIETTIVO RISPARMIO GESTITO cur d Fuz Fz Il s psc Itl è t prtg d rutturl rfr h ss vdz l csà d tgrr l ps frt dl s d prvdz bblgtr pubblc l f d tr u tr d vt dgut l tp. A tl scp l fr d Prvdz Cpltr rppr u vld sluz. L ds d u fr d Prvdz Cpltr è lbr vltr d è pssbl scglr tr u Fd Ps Chus qut tut ll bt dll ctrttz zl d tr u Fd Ps Aprt qut rvlt u plurltà d dvdu ppur u PIP - P Idvdul psc. Pr drr d u fr d prvdz cpltr è pssbl ctrbur c prpr rspr ttrvrs vr prdc d prt ctut ltr c l ctrbut dl dtr d lvr dl prpr TFR scgld l l d vt csdrt pù dtt bs l su TITOLO RENDIMENTO TITOLI DI STATO ITALIANI RENDIMENTO ATTUALE RENDIMENTO A INIZIO ANNO prfl rs/rdt. L fr d prvdz cpltr gd ltr d u fscltà gvlt qut l lqut su rdt fzr è pr ll 11% ctrbut vr fd s dducbl dl rddt cplssv IRPEF f u ss d 5.16457 ur u (l plfd d dducbltà cprd vtul ctrbut vr fvr dll psz prvdzl d u flr fsclt crc c d sp r). I fs d rgz l prz è sggtt d u rtut ttl dftv dl 15% s rduc d 030 put prctul pr g succssv l qudcs d prtcpz f ss pr 6 put prctul. C qu ccs dp 35 d prtcpz l lqut ptrà rdurs f l 9%. Prpr pr qu tv rsult ggrt cvt pr pù gv tscrvr u fr d prvdz cpltr. DIFFERENZIALE BOT 3 MESI 0205% 0332% -0127% BOT 6 MESI 0296% 0563% -0267% BOT 1 ANNO 0399% 0718% -0319% BTP 2 ANNI 0461% 1053% -0592% BTP 5 ANNI 1346% 2561% -1215% BTP 10 ANNI 2804% 3968% -1164% Ft dt: Blbrg 06/06/2014 L ECONOMIA MONDIALE INDICE AZIONARIO ITALIANO FTSE MIB VAR % u PIL rl Prduz durl Iflz Tss d dsccupz USA 200% 346% 200% 630% + 1715% 04.04.2014 + 1646% ttul AREA EURO 090% -010% 050% 1170% CINA 740% 870% 180% 408% GIAPPONE 300% 410% 310% 360% REGNO UNITO 310% 230% 250% 680% ITALIA -050% -040% 050% 1260% GERMANIA 230% 180% 090% 670% FRANCIA 080% -080% 070% 1010% SPAGNA 050% -190% 020% 2593% GRECIA -110% -310% -130% 2740% IRLANDA -070% 1590% 030% 1180% PORTOGALLO 120% 410% -014% 1510% Ft dt: Blbrg 06/06/2014 22.500 22.000 21.500 21.500 21.000 20.500 20.000 19.500 18.500 g fbbr rz prl gg gug Ft dt: Blbrg 06/06/2014 5
sc MONDO Itrv... I SOCI IN NUMERI N Dl Dss Prfssrss Dss prt dll z: l su prdlz pr l ttc. Sft ztutt l t l ttc s u tr rd pc crtv: è pur spr u r dll flsf. Nll tc Grc grd flsf r d ttc. L ttc è u dscpl h bsg d p prl: l clcl è l lgugg l rgt l su sprss. Ecc pré pc. Ogg bb rut d clcl rrdr sz l tllgz l dll u l gud s srvbl frtutt. L ttc dvrbb sgr u td d rgt: splct d ur. M spss qu cctt v frts. Prfss Isgt ps Clss 1951 Fll d rfrt Sd L scp dll cultur è splcr rzzt tl H trscrs gr prt dll su vt cttt c gv dl lc sctfc rs E : qul lt h crttrzzt qugl? L pss pr l lvr. M s vlut lurr frtt pré dsdrv rdr dpdt d gtr sgd. E l pù grd frtu pr gu td è trvr u lvr pc. Pr è t csì h crct d frl l gl dll cpctà. cct s r U r Sc r trscrs rggls d v 49 s t pr qull d ssr pg : l ss p pù dll tà r p lt grts vr ftt ugu t tutt l vt h ftt c ss p l C. t grls t gl hbby. d r lv l ud dll pr clcl ftt ull r v d Crd pv ttpr è u ftt s t s qu qu clctr. H ftt c d rv sc u rt dr u pr u sq r gc s pr c g R r rr C l r t p u pr g s l prs d R u d t rt sc h pr l Gzztt tt c u p tu ss r cu t M. s du dll ltr ll cultur c lt rt p sp l ll : d r tutt pù l lv d S ss Olpc pp t dl Ctt v d r C lt. cu l tur c du Olpd tt c f h lt l u s r r scrtt tr lb h h rc c tr G cqu l cur d t dgl p Z Itl Cucc; c L l Crrr Qu v u rubrc su. Pr pur cs crt succss u l b b s t c d clcl r f d à tct Il p. frtss l c t v t ul l r r g tt l du s t fr d vt: h z d r g G r u u c è s udrò spr s t r. d g d scrv r sffrr f plpt l t l gl ; Sl ss c gl ult zz r l M ttz l g t sz f rdg gl ff l ut. c E trss. l sprttutt prt gl sc h. c lt p Or l lt splc pr u clcl tt g c qull d ffz t ls d qu Ftt u rpd tt gl lt h l It s c d zp rgurd c quttr gtt c. E r u tl su tr lzzt c sp z g b drl ll gcr ull fcc t s. Pr qus h gr prt d c u r s p d b d lcu H crrt d t d u ct lg t qul c b crt u Fd d t l ss gr M rvz s s hc t: dl cb t u sr d sc g ll c r ss f sscurz. dl vtrr ll s clr bc d cu C ll ffzt cl L h. S u t t h d d qu t d z prtc d S Gul; ltt t dll fll d dt V C pr s s d r vt qulcs zt lvr rpprt h tr t s r qu sc d prt c sctt. H d rd t c t r v pp fftt vut r H r c lt h cssr drtt l clt dl. r s s d d cr hé à rc lt p u r l u bc c d d t s gr p l spr tu pcc cltvr u tt t pss utr S ps. g s u r zz l r tr Cr s p bb prgtt t prsl l t g pr tà d ct r t pccl-g lctà d qus lvr l Pl d f l rs r c d d. è lt lt r d u bc pc psr v t z Nll spcfc tà Dsprtvz ct u pù l d rt s vr sllv l r rgzz d d l r tu r l fu d pss b d qu pss b t r c v p r ; c p u plzztt d r lt u c C è b rt d l sp ll c d t u c u b bc pcrbb u M b. b r s s p cu u pss dr: Q gt l gttr t l futur 20 t r g b b c s I 10 slvt cp. bdt u b c v cc f vv t u p sc up u bc pss. l cs pr H suggrt pr l Rdz? Vu rcctrc l tu sprz d Sc? Scrv : scltcr@bccr.t 6 A lss d r G ul E dc l ttc è utl pr l vt ccrt c l lt l grc? Og dscpl ud srv pr prr l t. Qu è l scp dll cultur: splcr rzzt tl. E s d u udt prpr l ttc pc l c prv. Nll scul c ll vt d tutt gr s dv ffrtr uz pcvl. C tutt dbb cfrtrc pré d gu pss prr. H u clss rcrd prtclr? N u prtclr prò rcrd d tt lu. Tuttv vrr prlr grct d clss d rgzz : prl d prs. Pr fr l sgt h sgfct ctrr qutdt dll prs c l lr vssut l lr r. Il cfrt c l ltr f crscr g gr. Acr gg lt udt fr pr rd pr slutr. Studt dc putt pdr dr d fgl spss ccpgt d lr bllss bb pr è u g ctrr. Ed gg è ps cs s ddc? Lttur prt c ttr r (lt bll qull d Klt Ml Pssrr Pv) vgg: rctt h vt c pcr Ibul l Adlus. D ltr trtcqu è clt d Bc Cr: pré? Pré pprzz l dspbltà l prfssltà dll prs c lvr. A l Bc è ftt d prs c l scul. E tt s t gl ctr pv ftt qu. Fcc u pr tutt (sz ull tglr gl ltr!): l sgr Mr dll Sd. M ctrd spr pù gv cu turlt v glr uspc.
All scprt dll r fll: Blg S Gul Csc rspsbl d fll Pl Frcs Mrc Zg Blg S Pl Frcs h 57 37 d ztà lvrtv ll spll Cp Ar ll brllt Sd d Blg rcpr l crc d sl quttr s. A l bu cuc l rt gr gl l sprttutt l fgl gl du rgzz. Prtc sprt lvll gc s l ttul cp tl Mr l lc dl gvlltt ttl cqut Orvt l gug 2013. D sprtv fcc dll cllbrz dl gc d squdr l frz grl rd tutt cllbrtr dtrz vgl d rggugr rsultt scpt prò dll tc crcl dll ttz bsg dl clt dl ctu ct ggrt dll cptz. L prtur d qu uv Sd vul ssr u sgl ccrt d ttz l trrtr cu Bc Cr ctu d vr ll dffcltà cc grl. L pzz d Blg è u rltà c u lt tss d dctà prdtrl rppr u sp prtt d sgur pr l rlc dll tr c rgl. Blg è u rltà c u lt tss d dctà prdtrl L squdr è frt d Fdrc Spd rcpr l rul d Vc cptt dtrt è ttt s gl bttv zdl ll crsct prfssl d cllgh. Nl tr Crdt Els Pdrzl cpc d ffct ll s dll prt sprttutt gtt pr qu è sprt l ctt ; è cduvt Pl P è c d crc du s h sput tgrrs llrs l t d ttl. All Fz Rbrt Ccc gtl ffbl; s prdg l rcvr clt prpd vt prvdzl fzr spr cult l c bsg sprss. Clt Css dtt M è ddtt l srvz d css; crrtt prcs rsc d ssr ffcc ll trcttr bsg dll cltl gà dl pr pprcc ll sprtll. Cplt l ff Luc Bccr prss d p s d ddtt crdt jur; gv sptc ccgl clt c ttt srtà drzzdl vrs sluz ttl. Qu è brv l Sd d Blg - ddct fgl prfss srcz crcl d prs - r d gudr. Ass cllbrtr crrò d cdurl l succss cqud csldd rsultt spr pù sfdt. S Gul S Mrc Zg 53 rspsbl dll fll d S Gul d sl 7 s dpdt Cr fll d spr. A l psc sprtv l c l usc; s tfs dll pzz Itr h rglt vttr sffrz rbl. D spr l r c gl c l zgrt ll Mcll rg l cs pù pcc. Lvrr fll pc lt; l ct rpprt c l pubblc t rrcsc ctut s prfsslt ut. L fll s ccup d ltr 2.400 rpprt dvrsfct tr prvt pccl d prs lcl tur. I tutt cò s b cuduvt dll ppgg d u squdr d cllgh fftt b dsp cllbrr. L vc è Mr prsz rc dll fll put d rfrt pr l cltl vld supprt pr tutt cllgh cprs. Alssdr è l ddtt crdt ttl csulz fulgd sp d c gvtù pss ccdr c sprz prfssltà. Il gv sgc Mtt csult c cscz tc cu ll css l sprt Murz; l Crltt l ult cqu ( rd d dt) l gv Srh. Spss d prè pc lvrr Bc Cr l rg rltà è splc: s spr t prt tgrt d qu zd spr prtg cprr. Il bttv r l sddsfr l clt crcd spr d ffrr l M s spr t prt tgrt d Bc Cr: prtg cprr glr srvz pssbl crt c I su bsg csà td cuqu l sl d csc l tr d vul prr glrrs g gr. Pr l futur lvrtv ugur d tr l ttul trss l vgl d crscr prfsslt cfrd c u vld supprt pr cllgh pù gv. Pr qull prsl ugur flctà slut tt vgl d dvrtr. Cclud c u dvrs clrs slut tutt clt. S cvt s rggugr spr uv trgurd. C vd S Gul Mr. 7
Iv B S Iv B ttul Prsdt dl CRAD. M trv gudr u Csgl Drttv cp d Cllgh gv dc t dl dsdr d frs trprt dll z prvg dll bs d r ssct. C s tutt l prss pr u gc d squdr vct. L frz cprd Stud Clssc Lur Uc Gursprudz. Etrt Bc Cr l 1986 h spr prt srvz prss l Struttur Ctrl: Sgrtr-Affr Sctr pr r prss l Fuz Lgl. H tt trss lcu vr pss: pr l rt grd r dl ps prtg dll sc ctpr gl rt vsr s frs trprt dl futur; pr vgg l d glr pr scprr s ss gl ltr pr prrs sprz dvrs llrgr l prpr cscz; pr l t u pss cdvs c l cpg c rgl grdss z; pr l lttrtur l ttr l c H sclt d pgr l Crcl ltss f pré h spr crdut l r s tr Cllgh u ct dvrs d qull rttt lvrtv ptss fr l dffrz rdrc c cpg prs cdvd l ss prgtt vgl rrvr s ll t. N scd qul ccs d vr vut l ttz d llr tutt ll f s rrs r crd d ptr dr s flt sull rd gu grz sprttutt ll tuss d Cllgh pù gv c h rt qut s splc bll fr grupp. Nl crs dgl l ztv s t tt l lc srbb trpp lug. U cs cu ps c pcr è d ssr rusct trtr lcu d trss d ltr prs d vr crt cdvs fvrt l urrs d lg d cz. D slt s l ztv pù rct cvlgrc ggrt. Tt pr ctr qulcu: l Btt d Gvdì Grss s è trsfrt u f p d clr llgr tt usc; l f dll Bf l ss d bb l lr r l g l rcvr l prpr rgl l upr d ft ll pprz dll Bf; l sfd clc tr CRAL l r qull dll Css d Cs dsputt u Std grt c u tf sctt sugl splt h rscldt u grt frdd pvs. Pr l pr vlt s scs cp l rgzz dll Cr l squdr fl d clc prtg d u prtt rbl. Or prò c è d psr l futur c s tt cs d rgzzr: l pr usct t l rdu d prvr dl Grupp Ccl l prss sfd sprtv prss Tr tr CRAL l grd f dll t 2014 tt ltr cr. D tutt cò prlr sul prss ur d Sclt Cr! 13 GOLF MEETING INTERBANCARIO EUROPEO 8 U Csgl Drttv gv dc cpc d fr grupp S Gv Mrg Il 23-05-2014 l glf t d Bc Cr (Gpl Scrd Vc Drttr Luc Dclò dpdt Grg Brtl p) s è pzzt 8 su 134. Cplt pr l tt rsultt! Il Csgl Drttv dl CRAD Nt l 1970 l CRAD è u sscz rcrtv pruv ztv pr dpdt p d Bc Cr. Il Crcl vt crc 1.100 sc d h l su sd rc v Dt l ctr d R rgzz ctt ttvtà rcrtv sprtv vgg fz culturl cvlg s Sc s l lr fgl. Il 22 gg 2013 l Assbl dl CRAD h pprvt l prgtt d dfc dll Sttut c l qul s t rcpt gl prtt trvt lgsltv gl ult h rgurdt l d dll sscz. Il uv Rrt Azdl Cvv Aprt dt 27 vbr 2013 l Rrt Azdl d Bc Cr è ut prss l sd dl Crcl Rcrtv d Dpdt V Dt 23 R. Il dl Rrt Cvv è t suggrt dll pr d Dt Alghr dll drzz dl CRAD. I prvs d qu uv srvz ddct Dpdt l sd dl Crcl è t plt tgrlt rrutturt dtt d uv rrd d u rt wf. L g dl Br dl Rrt s t ffdt u Azd spclzzt pr d lt l tr dll rrz grd d sscurr u srvz d qultà lvt l rsptt dgl drd d scurzz ltr prv dll r vgt. L cuc srà drtt d u Chf prfss tutt l prprz sr prtt l t. L ccss l Br l Rrt è rsrvt Sc dl CRAD flr d Sc d vtul Ospt purè spr ccpgt d u Sc. Il CRAD grz ctrbut dll r Bc h ttut l pplcz d przz d fvr sull dvrs tplg d ù Cvv h ss dspsz pr l pgt d srvz l crt CARIM CONVIVIO Shp s può crcr c l ctrvlr d bu p / dr può ssr utlzzt pr l csuz l Br. Og tt Cllgh csult l Mù dl Gr ll r trt prdsp tl scp d qu ss r ffttu l prtz scgld tr l dvrs prp d ù. S spr pù urs Cllgh p frqut Cvv ll fsc rr lr rsrvt. L prtur d Cvv è u trvt prtt h dubbt ctrbut glrr l qultà dll vt lvrtv scl d Cllgh. 39% BUONA Il Csgl Drttv dl CRAD: d sr Dl D Ad Iv B Mrc Plr Dl Cp Mss Plvrll Iv Mrtt Albrt Frl Rbrt Rgl Mss Bruzzs Stf Ad At Pscrll Els Dlvc. Sttut è fdt sull ffrz d prcp tutt Dpdt d Bc Cr s Sc d drtt dl Crcl c l qulfc d Sc Ordr. Qu c l fltà d fvrr u pù p prtcpz ll ttvtà dl CRAD csdrz dl su rul ttv ll Azd qul prtt rut d vlrzzz d ctut dl tp lbr grd d fvrr l ggrgz rffrzr l ss d u cu pprtz. I frz dl prdtt ccrd s è cvut l Azd ctrbusc l pgt dll qut ul crc d Sc Ordr dl Crcl. L qultà dll cuc d Cvv è 59% BUONA 0% INSUFFICIENTE 0% INSUFFICIENTE 5% SUFFICIENTE L crts l dspbltà dl prsl d sl d Cvv 36% OTTIMA 59% OTTIMA 2% SUFFICIENTE Prdc trrl Aut. Trbul d Blg 8309 dl 12/07/2013 A I N 2 gug 2014 Drttr Rspsbl: Ts Rf A cur d: Sgrtr Affr Sctr d Bc Cr U spcl rgrzt tutt clr cllgh dvrs ttl h cllbrt ll Rdz dl prdc. Ftgrf: Rccrd Gll Prgtt grfc prprtà: Mrv Sluz Edtrl srl V Aglbrt 22 40134 Blg Nur us tpgrf l s d gug 2014 Il r FSC dtfc prdtt ctt lg prvt d fr gt r crrtt rspsbl scd rgrs drd btl scl d cc.