Credito Emiliano

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Credito Emiliano
Native name
Credito Emiliano S.p.A.
Banca Agricola Commerciale di Reggio Emilia
listed Società per Azioni
Traded as BITCE
ISIN IT0003121677
Founded 1910
Headquarters 4 via Emilia San Pietro, Reggio Emilia, Italy
Services Retail and corporate banking, insurance
Increase €166.166 million (2015)
Total assets Increase €37.455 billion (2015)
Total equity Increase €2.4797 billion (2015)
  • Credito Emiliano Holding (75.57%%)
  • others/free-floats (24.43%)
Parent Credito Emiliano Holding
  • Credem Banca
  • Credem Banca d'Impresa
  • Credem Private Banking
Subsidiaries Banca Euromobiliare
Capital ratio 13.52% (CET1)
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.


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]


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

specialized bank
  • Credemleasing
  • Credemfactor
  • Credem Private Equity SGR
  • Euromobiliare Fiduciaria
  • Euromobiliare Asset Management SGR
insurance companies


  1. ^ "2015 Bilancio" (PDF) (in Italian). Credito Emiliano. 6 April 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. 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. 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. Retrieved 8 April 2016.

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