 | |
Native name | Credito Emiliano S.p.A. |
|---|---|
| Formerly | Banca Agricola Commerciale di Reggio Emilia |
| Company type | listed Società per Azioni |
| BIT: CE | |
| ISIN | IT0003121677 |
| Founded | 1910 |
| Headquarters | 4 via Emilia San Pietro, Reggio Emilia , Italy |
| Services | Retail and corporate banking, insurance |
 €166.166 million (2015) | |
| Total assets | €37.455 billion (2015) |
| Total equity | €2.4797 billion (2015) |
| Owner |
|
| Parent | Credito Emiliano Holding |
| Divisions |
|
| Subsidiaries | Banca Euromobiliare |
| Capital ratio | 13.52% (CET1) |
| Website | credem.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]
- ^ "2015 Bilancio" (PDF) (in Italian). Credito Emiliano. 6 April 2016. Archived from the original (PDF) on 9 May 2016. Retrieved 20 April 2016.
- ^ srl, AXIS communications. "Credem Group". www.credemeuromobiliarepb.it. Retrieved 2024-03-14.
- ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
- ^ Knowledge, HBS Working. "A Bank That Accepts Parmesan As Collateral: The Cheese Stands A Loan". Forbes. Retrieved 2024-03-14.
- ^ "This bank in Italy accepted cheese as collateral. Here's why". Big Think. 2018-12-21. Retrieved 2024-03-14.
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