The Fund’s Activity

The Fondo di Garanzia degli Obbligazionisti (FGO) is a consortium formed on a voluntary basis between the Banche di Credito Cooperativo BCC (BCCs) in order to protect bondholders’ right of credit issued by the same BCCs.
The Fund protects bondholders – individuals or legal entities – whose bonds are issued by the Banks, in case of failure to comply of its consortium members- when the accrual of interest or capital repayment are within the extent and within the terms envisaged by the Statute and by the Regulation.

The Fund also aims to protect and consolidate the image of Cooperative credit banks as reliable and safe debt issuers, oriented to the general market and to offer protection to a primary resource such as savings.