Credem International (Lux)

Business Focus
retail banking

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. Credem International (Lux) operated as a subsidiary of Credito Emiliano (Italy).

Financials

Total Assets (2018)
140.04 mln EUR  (-56.91%)
Annual Profit (2018)
840,000.00 EUR  (-94.94%)
Number of Employees (2018)
28  (+3.70%)

Credem International (Lux) was the 78th largest bank in Luxembourg in terms of total assets. In 2018 its total assets were 140,04 mln EUR. In 2018 the bank's annual profit was 840 000,00 EUR. Credem International (Lux) had 28 employees in 2018.

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Fonds de garantie des dépôts Luxembourg (FGDL)
Covered Depositors
natural persons (Luxembourg and foreign)
SMEs, companies
Covered Accounts
all cash deposits

Credem International (Lux) participates in the deposit guarantee scheme of Luxembourg. This deposit guarantee scheme applies to all cash deposits made by natural persons (Luxembourg and foreign), SMEs, companies and covers up to up to 100,000 EUR per bank per depositor. Credem International (Lux) is a member of Fonds de garantie des dépôts Luxembourg (FGDL) and makes its contributions into it.

Contacts

10-12, avenue Pasteur, L-2310, LUXEMBOURG, Luxembourg
1301

Credem International (Lux) was headquartered in LUXEMBOURG.

Bank Identifiers

BIC (SWIFT)
CRDMLULL
LEI
CG6P2I7BSFBJJ8L2V354
MFI ID
LUB00076

Bank History

Close Date
August 2019

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