Credito Emiliano
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 .
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 |
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| Subsidiaries | Banca Euromobiliare |
| Capital ratio | 13.52% (CET1) |
| Website | credem.it |
| Footnotes / references in consolidated basis | |
According to a research by Mediobanca, Credito Emiliano was ranked the 11th largest bank in Italy by total assets as of 31 December 2015, despite several banking group were omitted in the research. 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).
The company also had 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.