Credito Emiliano

Credito Emiliano
Native name	Credito Emiliano S.p.A.
Formerly	Banca Agricola Commerciale di Reggio Emilia
Company type	Società per Azioni
Traded as	BIT: CE
ISIN	IT0003121677
Founded	1910
Headquarters	4 via Emilia San Pietro, Reggio Emilia, Italy
Services	Retail and corporate banking, insurance
Net income	€166.166 million (2015)
Total assets	€37.455 billion (2015)
Total equity	€2.4797 billion (2015)
Owner	Credito Emiliano Holding (75.57%%)
Parent	Credito Emiliano Holding
Divisions	Credem Banca; Credem Banca d'Impresa; Credem Private Banking;
Subsidiaries	Banca Euromobiliare
Capital ratio	13.52% (CET1)
Website	Official website
	Footnotes / references; in consolidated basis

Credito Emiliano S.p.A. (Credem) is an Italian bank based in Reggio Emilia, Emilia-Romagna. The company is a component of FTSE Italia Mid Cap Index .

According to a research by Ricerche e Studi, a subsidiary of Mediobanca, Credito Emiliano was ranked the 14th largest bank in Italy by total assets as of 31 December 2014, despite several subsidiaries were omitted.^[2] If omitting central banks, postal savings and subsidiaries of foreign banking groups, the bank was ranked 13th, (12th among retail and commercial conglomerates if omitting investment banks and insurance-bank conglomerates of Italy such as Banca Mediolanum and Mediobanca). Due to its size, the bank was supervised by European Central Bank directly, as part of the Single Supervisory Mechanism (as 1 of the 14 Italian banking groups).^[3]

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

History

Founded in 1910 as Banca Agricola Commerciale di Reggio Emilia, the bank changed its name to Credito Emiliano in 1983. At that time the bank also acquired Banca Belinzaghi of Milan, starting its expansion.^[4] In 1991 Istituto Bancario Siciliano was acquired, followed by Banca di Girgenti and Banca Industriale Agricola di Radicena.

The Group acquired Banca Popolare Vittorio Emanuele di Paternò, Banca Euromobiliare, BCC Corleone, Banca Creditwest e dei Comuni Vesuviani, Banca Tamborino Sangiovanni, Banca Popolare San Marco Argentano, BCC Ciminna, BCC Bonifati, BCC Curinga, Banca dei Comuni Nolani, 3 branches of Deutsche Bank in Catania, BCC San Giovanni Gemini, Banca della Provincia di Napoli from 1994 to 1998. In 1999, the bank was ranked 8th in terms of branches on Sicily island.^[5]

From 1999 to 2008 Banca Popolare Dauna, BCC Fortore-Miscano, BCC San Fili, BCC Jonica, BCC Alto Crotonese, Banca Popolare Andriese, Banca dei Laghi, Banca di Latina, Euromobiliare Corporate Finance, Credimmobili and Anteprima were acquired.^[6]^[7]

Shareholders

On 1 January 1993 Credito Emiliano Holding was formed as the holding company for the bank. Currently owned 75.57% stake, with the rest were floated in Borsa Italiana. The largest shareholders of Credem Holding were Cofimar S.r.l. and Max Mara Finance S.r.l., which in turn owned 29.44% and 8.30% stake of the bank respectively.^[8]

Subsidiaries and joint venture

bank

Banca Euromobiliare

specialized bank

Credemleasing
Credemfactor
Credem Private Equity SGR
Euromobiliare Fiduciaria
Euromobiliare Asset Management SGR

insurance companies

Credemvita
Credemassicurazioni (50-50 joint venture with Reale Mutua Assicurazioni)

References

^ "2015 Bilancio" (PDF) (in Italian). Credito Emiliano. 6 April 2016. Retrieved 20 April 2016.
^ "LE PRINCIPALI BANCHE ITALIANE" (PDF) (in Italian). Ricerche e Studi. 10 November 2015. Retrieved 21 February 2016.
^ "Aggregate report on the comprehensive assessment, October 2014" (PDF). European Central Bank. 26 October 2014.
^ "Chi siamo" (in Italian). Credito Emiliano. Retrieved 4 February 2016.
^ "Analyst Presentation: Acquisition of Mediocredito Centrale Group" (PDF). Banca di Roma. December 1999. Archived from the original (PDF) on 22 August 2003.
^ "ANTEPRIMA Srl - FUSIONE PER INCORPORAZIONE IN CREDITO EMILIANO SpA" (in Italian). Anteprima. 9 June 2008. Retrieved 7 April 2016.
^ "Storia del gruppo" (in Italian). Credito Emiliano. Retrieved 8 April 2016.
^ "Estratto dei patti parasociali comunicati alla Consob ai sensi dell'art. 122 del d.lgs. 24.2.1998, n. 58" (PDF) (in Italian). Credito Emiliano. 31 December 2015. Retrieved 8 April 2016.

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[1] "2015 Bilancio" (PDF) (in Italian). Credito Emiliano. 6 April 2016. Retrieved 20 April 2016.

[2] "LE PRINCIPALI BANCHE ITALIANE" (PDF) (in Italian). Ricerche e Studi. 10 November 2015. Retrieved 21 February 2016.

[3] "Aggregate report on the comprehensive assessment, October 2014" (PDF). European Central Bank. 26 October 2014.

[4] "Chi siamo" (in Italian). Credito Emiliano. Retrieved 4 February 2016.

[5] "Analyst Presentation: Acquisition of Mediocredito Centrale Group" (PDF). Banca di Roma. December 1999. Archived from the original (PDF) on 22 August 2003.

[6] "ANTEPRIMA Srl - FUSIONE PER INCORPORAZIONE IN CREDITO EMILIANO SpA" (in Italian). Anteprima. 9 June 2008. Retrieved 7 April 2016.

[7] "Storia del gruppo" (in Italian). Credito Emiliano. Retrieved 8 April 2016.

[8] "Estratto dei patti parasociali comunicati alla Consob ai sensi dell'art. 122 del d.lgs. 24.2.1998, n. 58" (PDF) (in Italian). Credito Emiliano. 31 December 2015. Retrieved 8 April 2016.

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