We respect transparency
as a core value
that serves
the common good

We operate every day with integrity, fairness
and transparency, ensuring ethical behaviour
in corporate conduct and business


Articles of association and other documents


AMCO’s Articles of association define the corporate purpose, governance model, and the main rules of organisation and operation of the corporate bodies for proper business conduct. The provisions contained supplement the current statutory and regulatory provisions applicable to the company.

AMCO’s current Articles of association were amended by the extraordinary Shareholders’ Meeting by resolution on 20 April 2021.


Code of Ethics


The Code of ethics is the manifesto of our corporate culture and outlines its principles of ethical behaviour to protect AMCO’s sound management and reputation. It establishes rules of conduct and includes the principle regarding respect for human rights.

The Code of Ethics is an integral part of the organisation, management, and control model (pursuant to Legislative Decree 231/2001) that AMCO has adopted.

It is intended for employees, collaborators, and all stakeholders, including suppliers.

Compliance with the Code of Ethics and its enforcement (including sanctions) is the responsibility of the Supervisory Body.


Principles for the management of impaired loans


The Charter of Principles for the management of impaired loans is the document that summarises AMCO’s approach to credit management activities, putting into practice the Values and principles of the Code of Ethics. It consists of 10 guiding principles that guide our daily operations. The charter is aimed at professionals inside and outside the company.


Organisational, management and control model pursuant to leg. decree no. 231/2001


In order to prevent the offenses which may cause administrative liability of entities pursuant to Legislative Decree no. 231/2001 may result, AMCO has adopted an organisational, management and control model, lastly updated by a resolution of the Board of Directors on 16 March 2021 (the 231 Model).


Corruption prevention system and Whistleblowing


AMCO is a company under control of the Ministry of Economy and Finance, and complies with Law 190/2012 on prevention and repression of corruption and illegality.

Thus AMCO has adopted a Three-year Plan for the Prevention of Corruption (PTPC) integrating – in terms of anti-corruption and fight against maladministration – the measures provided for in Model 231.

In addition, AMCO has defined a specific Policy on whistleblowing adopting a special platform (https://amco.segnalazioni.net/) to enable the reporting of crimes, irregularities or violations of which one becomes aware, including those potentially relevant under the application of the principles of Model 231.