Credito Emiliano S.p.A. Profile
Credito Emiliano S.p.A., together with its subsidiaries, engages in the provision of commercial banking and wealth management services to retail and corporate customers primarily in Italy. The company operates as a subsidiary of Credito Emiliano Holding S.p.A.
Commercial banking regards the distribution of financial products and services to the company's retail and corporate customers. Credito Emiliano S.p.A. and several other Group affiliates, such as Credemleasing S.p.A., Credemfactor S.p.A., Avvera S.p.A. and Credem Euromobiliare Private Banking S.p.A. manage the commercial banking business.
Deposits from banks, Deposits from customers and Debt securities issued include the various forms of inter-bank and customer funding, repurchase agreements with the obligation to repurchase at maturity, provisions collected via certificates of deposit and bonds and other outstanding funding instruments, net of any amounts repurchased.
Deposits from banks mainly consist of floating-rate demand payables. Deposits from customers are mainly represented by floating-rate demand payables for which no hedging has been implemented, while macro fair value hedges of the demand items have been implemented. The company's deposits also include bonds and subordinated debts, current accounts and savings, and other accounts.
The company's loans include bank accounts, reverse repurchase agreements, mortgages, credit cards and personal loans, incl fifthof-salary backed loans, financial leasing, factoring, and other loans. It offers loans and debt securities to governments, other public entities, non-financial companies, financial companies, insurance companies, and others.
The company's wealth management activities include the management of mutual investment funds, SICAV, portfolio management as well as private equity and hedge funds. The company offers direct bank deposits, insurance reserves and indirect deposits (assets under management and custody), and loans to customers. The company's asset management activities are split between Euromobiliare Asset Management SGR S.p.A. (a company which carries out administrative and management support services for Euromobiliare International Fund SICAV), Credem Private Equity SGR S.p.A. and Credemvita S.p.A.
The company's core business focuses on retail services, wealth management and on small and medium enterprises. The company also engages in remote banking, cheese warehousing, and fiduciary services, software house and special purpose vehicle activities.
Segments
The company operates through Commercial Banking, Asset Management, Bancassurance, Finance, Treasury, and Corporate Centre, and Other segments.
Commercial Banking, which encompasses the corresponding segment of Credito Emiliano and wholly, the financial statements of Credemleasing, Credemfactor, Banca Euromobiliare and Avvera.
Asset Management, which encompasses the financial statements of Euromobiliare Asset Management SGR, Credem Private Equity SGR, Euromobiliare Fiduciaria and Euromobiliare Advisory Sim.
Bancassurance, entirely represented by Credemvita and the shareholding in Credemassicurazioni.
Finance, encompassing the corresponding segment of Credito Emiliano, which includes the management of interest and exchange rate risk on the banking book, the investment portfolio and trading activities.
Treasury, encompassing the corresponding segment of Credito Emiliano which includes the treasury activities.
Corporate Centre, which includes, as regards Credito Emiliano, all departments supporting the Commercial Banking and Finance segments.
Other, which includes Magazzini Generali delle Tagliate, Credemtel, Sata and Blue Eye Solutions are fully incorporated.
History
Credito Emiliano S.p.A. was founded in 1910.
