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Credito Emiliano information


Credito Emiliano
Native name
Credito Emiliano S.p.A.
FormerlyBanca Agricola Commerciale di Reggio Emilia
Company typelisted Società per Azioni
Traded as
BIT: CE
ISINIT0003121677
Founded1910
Headquarters4 via Emilia San Pietro,
Reggio Emilia
,
Italy
ServicesRetail and corporate banking, insurance
Net income
Increase €166.166 million (2015)
Total assetsIncrease €37.455 billion (2015)
Total equityIncrease €2.4797 billion (2015)
Owner
  • Credito Emiliano Holding (75.57%%)
  • others/free-floats (24.43%)
ParentCredito Emiliano Holding
Divisions
  • Credem Banca
  • Credem Banca d'Impresa
  • Credem Private Banking
SubsidiariesBanca Euromobiliare
Capital ratio13.52% (CET1)
Websitecredem.it
Footnotes / references
in consolidated basis[1]

Credito Emiliano S.p.A. (Credem) is an Italian bank based in Reggio Emilia, Emilia-Romagna. It was founded in Italy 1910.[2] The company is a component of FTSE Italia Mid Cap Index.

The company has several internal divisions: Credem Banca (retail banking), Credem Banca d'Impresa (corporate banking) and Credem Private Banking.

Credem has been designated in 2015 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank.[3]

Credem has received widespread media attention due to the fact that they store wheels of parmesan cheese as collateral for loans.[4][5]

  1. ^ "2015 Bilancio" (PDF) (in Italian). Credito Emiliano. 6 April 2016. Archived from the original (PDF) on 9 May 2016. Retrieved 20 April 2016.
  2. ^ srl, AXIS communications. "Credem Group". www.credemeuromobiliarepb.it. Retrieved 2024-03-14.
  3. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  4. ^ Knowledge, HBS Working. "A Bank That Accepts Parmesan As Collateral: The Cheese Stands A Loan". Forbes. Retrieved 2024-03-14.
  5. ^ "This bank in Italy accepted cheese as collateral. Here's why". Big Think. 2018-12-21. Retrieved 2024-03-14.

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