Credito Emiliano

Credito Emiliano
Native name	Credito Emiliano S.p.A.
Formerly	Banca Agricola Commerciale di Reggio Emilia
Type	listed 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%%); others/free-floats (24.43%);
Parent	Credito Emiliano Holding
Divisions	Credem Banca; Credem Banca d'Impresa; Credem Private Banking;
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. The company is a component of FTSE Italia Mid Cap Index .

According to a research by Mediobanca, Credito Emiliano was ranked the 14th largest bank in Italy by total assets as of 31 December 2015, despite several banking group were omitted in the research.[2] If omitting central banks, postal savings and subsidiaries of foreign banking groups, the bank was ranked 10th, (9th 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. Archived from the original (PDF) on 9 May 2016. Retrieved 20 April 2016.
"LE PRINCIPALI BANCHE ITALIANE [2016]" (PDF) (in Italian). Mediobanca. October 2016. Retrieved 14 February 2017.
"Aggregate report on the comprehensive assessment, October 2014" (PDF). European Central Bank. 26 October 2014.
"Chi siamo" (in Italian). Credito Emiliano. Archived from the original on 15 February 2016. 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. Archived from the original on 21 April 2016. Retrieved 7 April 2016.
"Storia del gruppo" (in Italian). Credito Emiliano. Archived from the original on 16 April 2016. 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. Archived from the original (PDF) on 16 April 2016. Retrieved 8 April 2016.

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[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] "LE PRINCIPALI BANCHE ITALIANE [2016]" (PDF) (in Italian). Mediobanca. October 2016. Retrieved 14 February 2017.

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

[4] "Chi siamo" (in Italian). Credito Emiliano. Archived from the original on 15 February 2016. 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. Archived from the original on 21 April 2016. Retrieved 7 April 2016.

[7] "Storia del gruppo" (in Italian). Credito Emiliano. Archived from the original on 16 April 2016. 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. Archived from the original (PDF) on 16 April 2016. Retrieved 8 April 2016.

Selected members of the Euro Banking Association
Austria	Allgemeine Sparkasse Oberosterreich Bank für Tirol und Vorarlberg BKS Bank Erste Group Bank Oberbank Oesterreichische Nationalbank Raiffeisen Bank International Raiffeisenlandesbank Oberösterreich Raiffeisen-Landesbank Tirol UniCredit Bank Austria
Belgium	Dexia Bank KBC Bank Bank van de Post
Cyprus	Bank of Cyprus Hellenic Bank
Denmark	Amagerbanken Arbejdernes Landsbank Danske Andelskassers Bank Danske Bank DiBa Bank Djurslands Bank Jyske Bank Nordjyske Bank Nørresundby Bank Østjydsk Bank Ringkøbing Landbobank Skjern Bank Spar Nord Bank Sparekassen Sjælland Sydbank Vestfyns Bank Vestjysk Bank
Finland	Aktia Bank Bank of Åland Nordea Bank Pohjola Bank S-Bank Tapiola Bank
France	Banque Michel Inchauspé - BAMI Banque Palatine BNP Paribas BPCE BRED Banque Populaire Crédit Agricole Crédit Coopératif Crédit du Nord Crédit Mutuel Arkéa Credit Mutuel CIC Banque HSBC France La Banque postale Natixis Société Générale
Germany	Berenberg Bank BHF Bank Bremer Landesbank Commerzbank Deutsche Bank Deutsche Bundesbank Deutsche Postbank DZ Bank Europe Arab Bank Frankfurt Hamburger Sparkasse JP Morgan Chase Bank Landesbank Baden-Württemberg Landesbank Berlin Holding Landesbank Hessen-Thüringen Oldenburgische Landesbank SECB Swiss Euro Clearing Bank The Bank of New York Mellon, Frankfurt Branch VTB Bank (Deutschland)
Greece	Alpha Bank Eurobank Ergasias National Bank of Greece Piraeus Bank
Hungary	Budapest Bank CIB Bank Erste Bank FHB Mortgage Bank Hanwha Bank Hungarian Development Bank Hungarian National Bank K&H Bank MagNet Bank MKB Bank OTP Bank Raiffeisen Bank Sberbank Europe Group Takarékbank UniCredit
Ireland	Allied Irish Banks Bank of Ireland
Italy	Banca del Fucino Banca Monte dei Paschi di Siena Banca Nazionale del Lavoro Banca Popolare del Lazio Banca Popolare di Sondrio Banca Sella Banco BPM BPER Banca Cassa di Risparmio di Fermo Cassa di Risparmio di Ravenna Banca di Imola Credito Emiliano Credito Valtellinese ICCREA Banca Intesa Sanpaolo Nexi Raiffeisen Landesbank Südtirol UBI Banca UniCredit
Luxembourg	Banque et Caisse d'Épargne de l'État Banque Raiffeisen Banque Internationale à Luxembourg KBL European Private Bankers Société Générale Bank & Trust
Netherlands	ABN Amro Bank De Nederlandsche Bank ING Bank Rabobank Nederland
Portugal	Banco BPI Banco BCP Caixa Geral de Depósitos Novo Banco
Slovenia	Banka Slovenije
Spain	Abanca Banco Bilbao Vizcaya Argentaria Banco Sabadell Banco Santander Bankia Bankinter CaixaBank Ibercaja Banco Kutxabank Unicaja Banco CECABANK
Sweden	Skandinaviska Enskilda Banken Svenska Handelsbanken Swedbank
United Kingdom	Bank of Tokyo-Mitsubishi UFJ Barclays Bank Citibank DNB Bank (NOR) HSBC Bank JPMorgan Chase Bank, London Branch Kookmin Bank International Lloyds Bank MashreqBank (UAE) Royal Bank of Scotland UBS Wells Fargo Bank
Non-EU	Bank of China (CHN)

Banking in Italy
Central bank	Bank of Italy European Central Bank
Public banks	Cassa Depositi e Prestiti CDP Reti Poste italiane BancoPosta Banca del Mezzogiorno – MedioCredito Centrale Istituto per il Credito Sportivo Banca Mediocredito del Friuli Venezia Giulia Investitionsbank Trentino Südtirol – Mediocredito Trentino Alto Adige Finaosta Fincalabra Finlombarda Finmolise Finpiemonte Fidi Toscana FIRA Gepafin IRFIS – FinSicilia Sviluppo Basilicata SFIRS Veneto Sviluppo FarBanca Banca Intermobiliare
Global banks (Supervised by ECB)	UniCredit Intesa Sanpaolo Banca IMI Mediocredito Italiano Banca Apulia
Nationwide and multi-regional banks (Supervised by ECB)	Banco BPM Banca Aletti Banca Popolare di Milano Banca Monte dei Paschi di Siena MPS Capital Services UBI Banca IWBank Mediobanca Compass Banca Esperia BPER Banca Banco di Sardegna Banca di Sassari C.R. Bra C.R. Saluzzo Banca Carige Banca del Monte di Lucca Credito Emiliano Banca Popolare di Sondrio
Multi-regional (total assets €30b to €8b)	Credito Valtellinese Credito Siciliano Banca Mediolanum Banca Popolare di Bari Cassa di Risparmio di Orvieto Banca Sella Holding Banca Sella Banca Patrimoni Sella Banco di Desio e della Brianza Banca Popolare di Spoleto Banca di Asti Biverbanca Südtiroler Volksbank – Banca Popolare dell'Alto Adige Südtiroler Sparkasse – Cassa di Risparmio di Bolzano
Multi-regional and regional cooperative bank (Popolari banks)	Banca Agricola Popolare di Ragusa Banca Valsabbina Banca Popolare di Puglia e Basilicata Banca Popolare di Cividale Cassa di Sovvenzioni e Risparmio fra il Personale della Banca d'Italia Banca Popolare Pugliese Banca di Piacenza Banca di Credito Popolare Banca Popolare del Lazio Banca Popolare del Cassinate Banca Popolare Valconca Banca Popolare Etica Banca Popolare Sant'Angelo Sanfelice 1893 Banca Popolare Banca Popolare di Lajatico Banca Popolare di Fondi Banca Popolare del Frusinate
Co-operative banks (BCC) and central banks	Federcasse central banks Istituto Centrale delle Casse Rurali ed Artigiane Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige Cassa Centrale Banca - Credito Cooperativo del Nord Est List of members of Federcasse Fondo di Garanzia dei Depositanti del Credito Cooperativo
Regional retail bank	Cassa di Risparmio di Ravenna Banco di Lucca e del Tirreno Banca di Imola Banca di Cambiano Cassa di Risparmio di Cento ChiantiBanca Cassa Padana Cassa di Risparmio di Volterra Cassa di Risparmio di Fossano Banca del Fucino Cassa di Risparmio di Fermo Banca del Piemonte Banca CR Savigliano Banco Azzoaglio
others	Banca Generali Banca IFIS Banca Finnat Banca Ubae Banca Leonardo Banca Farmafactoring FinecoBank Unione Fiduciaria Credito Fondiario Banca Passadore Banca Sistema Banca Profilo Mercury Nexi Setefi
Foreign banks	Allianz Allianz S.p.A. Barclays Banco Santander Bank of China BNP Paribas Banca Nazionale del Lavoro Crédit Agricole Crédit Agricole Italia Cariparma Carispezia FriulAdria Crédit Agricole Corporate and Investment Bank FCA Bank Credit Suisse Deutsche Bank Deutsche Bank S.p.A. Dexia Crediop HSBC ING Bank Société Générale
Ancient banks	Bank of Saint George Banco di Santo Spirito Istituto Bancario San Paolo di Torino Medici Bank Mount of piety Faenza Foggia Parma Perugia Reggio Emilia Treviso Udine Verona Vicenza
Related topics	List of banks in Italy Associazione Bancaria Italiana Associazione di Fondazioni e di Casse di Risparmio S.p.A. Associazione Nazionale fra le Banche Popolari Fondo Interbancario di Tutela dei Depositi Italian National Resolution Fund

Insurance companies of Italy
Italian insurance companies	Assicurazioni Generali Alleanza Assicurazioni Genertel Genertellife Unipol UnipolSai Linear Assicurazioni Linear Life UniSalute Arca Vita Popolare Vita Cattolica Assicurazioni BCC Assicurazioni BCC Vita Lombarda Vita FATA Assicurazioni Danni TUA Assicurazioni Vittoria Assicurazioni Assimoco Eurovita Assicurazioni Ri-Fin Global Assistance
Italian banks with insurance subsidiaries	Intesa Sanpaolo Intesa Sanpaolo Vita Poste italiane Poste Vita and Poste Assicura Banca Mediolanum Credito Emiliano Credemvita Banca Sella Group CBA Vita
Italian banks with insurance joint ventures	Banco Popolare Popolare Vita ICCREA Banca BCC Assicurazioni BCC Vita
Italian banks with foreign insurance joint ventures	UniCredit CNP UniCredit Vita CreditRas Vita CreditRas Assicurazioni Aviva S.p.A. Banca Monte dei Paschi di Siena AXA MPS Assicurazioni Danni AXA MPS Assicurazioni Vita Credito Emiliano Credemassicurazioni Banca Sella Group InChiaro Banco Popolare Aviva Assicurazioni Vita Avipop Vita
foreign companies with Italian insurance subsidiaries	Allianz BNP Paribas Reale Group Reale Mutua Assicurazioni Crédit Agricole Crédit Agricole Vita Aviva Aviva Italia Holding AXA Groupama Old Mutual Old Mutual Wealth Italy Covéa Bipiemme Vita Zurich Insurance Zurich Investment Life Talanx HDI Assicurazioni Apollo Global Management Carige Vita Nuova Carige Assicurazioni
related topics	Institute for the Supervision of Insurance