All about the ETC Export Trading Cooperation group:
ETC Invest S.p.A.(Siléa Trévise, Italie): Holding company / Guarantee institution / Confirming body/ Non supervised entity active in the financial industry
ETC Surety SA with Variable Capital (Douala, Cameroon – Central Africa): Guarantee fund
ETC RBA (Cotonou, Benin): Regional office representative of ETC Invest SpA
Business Partner: Business Partner Network
Throughout its journey, the ETC group has benefited from the participation of Italian public institutions, in particular Sace-Simest (owned by the Cassa depositi e prestiti “Cdp” group) and Finest (owned by the regional governments of the north-east of Italy).
Today the shareholding of the Holding is made up of: Monte dei Paschi Fiduciaria S.p.A. whose head office is in Siena (Italy), subsidiary of the Italian banking group Monte dei Paschi di Siena S.p.A. (MPS), BGFI Bank Europe SA whose head office is is in Paris (France), a subsidiary of the Gabonese banking group BGFI Holding Corporation SA (BHC) and private investors, including the founding members.
ETC Export Trading Cooperation is able to provide all of its services thanks to an ecosystem of qualified partners. This partnership network allows us:
Institutional Partners
The Group’s organizational chart is as follows:
General Assembly:
It is the body of the company formed by the shareholders MPS Fiduciaria S.p.A, BGFI Bank Europe SA and the Private Investors including the Founders (or their representatives) within which the will of the company is formulated and expressed, and which is then executed by the Board of Directors.
The ETC Export Trading Cooperation Board of Directors governs the organization by establishing general policies and setting strategic objectives:
● select, appoint, support and evaluate the performance of the Chief Executive Officer;
● ensure the availability of adequate financial resources;
● approve the annual budgets;
● reporting to stakeholders on the organization’s performance;
● set senior management salaries, compensation and benefits.
The Board of Auditors monitoring the adequacy of the organizational, administrative and accounting structure of the company in accordance with article 2403 of the Italian Civil Code.
The Board of Statutory Auditors must meet at least every ninety days and must attend board meetings.
External audit is the activity carried out by the audit firm which, through the application of procedures by sampling, enables it to verify the sincerity and accuracy of the elements of a financial statement or consolidated accounts in accordance with the law and regulations.
