Bank Credito Emiliano Spa (Credem) is a modern bank with a centuries-long tradition. The bank was founded in 1910 by entrepreneurs of Reggio Emilia under the name of 'Banca Agricola Commerciale of Reggio Emilia'. The current name, Credito Emiliano SpA, has been used since 1983, after the acquisition of Bank Belinzaghi Milan followed by significant growth outside the regional boundaries. Credito Emiliano is a universal bank offering to its customers retail, private and corporate banking products and services combined with financial advising. Credito Emiliano delivers its solutions using multi-channel distribution network, consisting of traditional channels (bank branches and dedicated stores), remote banking systems (telephone banking and internet banking), and advanced remote banking solutions.
Credito Emiliano S.p.a. is the 15th largest bank in Italy in terms of total assets. In 2017 its total assets were 33 190,31 mln EUR, providing the bank with the market share of 1.26%. In 2017 the bank's net income was 148,57 mln EUR. Credito Emiliano S.p.a. had 5 431 employees in 2017.
Credito Emiliano S.p.a. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa2 (lower medium grade).
Credito Emiliano S.p.a. participates in deposit guarantee scheme of Italy. This scheme covers accounts up to 100,000 EUR per bank per depositor.
Credito Emiliano S.p.a. is headquartered in REGGIO NELL'EMILIA.