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 2018 its total assets were 34 801,91 mln EUR, providing the bank with the market share of 1.32%. In 2018 the bank's net income was 953 000,00 EUR. Credito Emiliano S.p.a. had 5 468 employees in 2018.
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 the deposit guarantee scheme of Italy. This deposit guarantee scheme applies to current accounts, cash accounts, time deposits made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Credito Emiliano S.p.a. is a member of Interbank Deposit Protection Fund and makes its contributions into it.
Credito Emiliano S.p.a. is headquartered in REGGIO NELL'EMILIA.