Best offers of Banca Privata Leasing from Italy
Banca Privata Leasing (“BPL“) offers competitive interest rates for short-term deposits up to 0.40% p.a. The low minimum deposit amount of EUR 5,000, the 100% online account opening and management and the fact that there is no withholding tax on savings interest in Italy make saving on BPL a convenient experience for a wide audience.
About Banca Privata Leasing
Banca Privata Leasing S.p.A. (“BPL“) was established in 1987 as a leasing company in Reggio Emilia, in the Emilia-Romagna region of Italy, an area that has always been a key player in Italy’s socio-economic development. In September 2011, BPL received a banking license and expanded its portfolio of financing products.
BPL is an independent, unlisted bank that specializes in leasing and online deposit taking. In addition to its headquarters in Reggio Emilia, the bank has a representative office in Milan. BPL business model has a flexible structure, with external sales networks playing an important role and multiple subcontractors specializing in back-office activities. As of March 31, 2020, BPL’s consolidated CET1 ratio is 14.2 percent. BPL focuses its leasing and lending activities primarily on the SME and ZZP segments and offers a wide range of financing solutions to individuals.
On BPL, you can open and manage your 100% deposit(s) online. Complete the application in one minute in your Online Banking environment – no additional documents are required.
About the country
Italy is a republic in the South of Europe and has one of the largest economies in the world. The Human Development Index ranks Italy as a highly developed country. A popular destination for tourists, Italy is the fifth most visited country in the world. It is a founding member of the European Union and the Euro has been its official currency since 2002. Germany is Italy’s most important trade partner both for exports and imports.
Deposits with Banca Farmafactoring are protected in full for amounts up to 100,000 EUR per depositor and bank by the Italian Deposit Guarantee Scheme, backed by the Italian state. This protection covers the deposits of all individuals, not just Italian citizens.
All Member States of the European Union have agreed on the need to better protect savers. Throughout Europe, the minimum requirements for national Deposit Guarantee Schemes were harmonized a number of years ago (EU Directives 94/19/EC and 2009/14/EC). These Directives provide a standardized, high level of protection of deposits across the EU regulating, among other things, repayment modalities and repayment deadlines.