Credem Group
Updated at 12/31/2015
636
5,899
827
264
Founded in 1910
113
€ 22.5 billions
€ 19.6 billions
TOP MANAGEMENT
€ 5.5 billions
Chairman
Giorgio Ferrari
General Manager
Adolfo Bizzocchi
Deputy general manager
Angelo Campani
Deputy general manager
Nazzareno Gregori
€ 22.6 billions
€ 1.9 billions
Branches, corporate centres and
financial stores
Employees
Financial advisors with mandate
Creacasa financial subagents
Financial agents specialiazed in loans
based on the ‘‘cessione del quinto’’*
Assets under management
Direct customers deposits
Insurance reserves
Loans to customers
Capitalization
(at 02/05/2016)
*Loans repaid monthly by the employer of the borrower withinstalments equal to one fifth of borrower’s salary
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Credem Group – the historical milestones
May, 5th, 1910
The constitution of the new bank takes place. The company name is Banca Agricola Commerciale
1982
Acquiring of the Belinzaghi bank in Milano
1983
Company name changes from Banca Agricola Commerciale to Credito Emiliano (Credem)
1986
The board of directors nominates Giorgio Ferrari chairman of the bank
1991 - 2003
Credem acquires several banks (like Istituto bancario siciliano and Girgenti bank in 1991, Creditwest bank and
Comuni vesuviani bank in 1995 and Banca della provincia di Napoli in 1998)
1993
The Credem Group is established, led by Credito Emiliano Holding company
1994
Credem acquires Euromobiliare group
1997
Credem is listed on the italian stock exchange
2001
Adolfo Bizzocchi is the new general manager
2003
The project of internal development of Credem goes on, especially in Nord-west and through the adriatic ridge
2007
Creacasa, a loan and insurance products company, is launched
2008
The bank concludes the purchase of some branches from Citibank, Unicredit and Banco Popolare
Today
The Group is made up of 636branches, corporate centres and financial stores and capitalises €1.9 billions*
*Source: Borsa italiana (at 02/05/2016)
2
Credem Group structure
Updated at 12/31/2015
Commercial banking
BANKING ACTIVITIES
BANCASSURANCE
CREDEMVITA
CREDEMLEASING
Leasing
Life Insurance and Pension Fund
CREDEMFACTOR
Factoring
ASSET MANAGEMENT
CREDEMTEL
Asset Management
Remote banking and document
management
MAGAZZINI GENERALI
DELLE TAGLIATE
CREDEMASSICURAZIONI
Insurance
OTHER BUSINESS
Private banking
Parmensan cheese warehousing and
seasoning
CREDEM
INTERNATIONAL LUX
Financial Agent
International private corporate banking
Trust Company
CREDEM CB
Sicav
CREDEM
PRIVATE EQUITY SGR
Notes:
- Credemassicurazioni 50%
- Credem CB 70 %
- Credem Canossa CB 70%
Asset Management
Special Purpose Vehicle to be used for
the Covered Bond issuing programme
(L. 130/99
CANOSSA CB
Special Purpose Vehicle to be used for the
Covered Bond issuing programme (L.
130/99
3
Credem group – local distribution and key data
CREDEM Group
Number of branches and market share
4
0,4%
72
1,1%
19
0,8%
Results at 12/31/2015 (Euro million)
7
1%
12/31/2015
12/31/2014
%
Operating income
1,127
1,068.3
+5.5%
Net operating
profit
402.9
374.8
+7.5%
Direct deposits
19,567
18,281
+7%
Assets under
management
22,543
20,208
+11.6%
Insurance
reserves
5,513
4,409
+25%
Loans to
customers
22,649
21,508
+5.3%
Net NPLs ratio
1.58%
1.55%
-/-
Net profit
166.2
151.8
+9.5%
28
0,8%
127
3,8%
9
0,8%
38
1,7%
8
5 0,7%
0,9%
27
1,1%
5
0,6%
3
0,6%
1
0,7%
45
2,7%
50
3,6%
2
0,8%
31
6,1%
62
3,7%
Updated at 12/31/2015
4
Credem group – Shareholders’ base
Updated at 12/31/2015
Pact among
213
shareholders
About 3000
shareholders
75.57%
Credemholding
24.46%
Free float
Main Credemholding shareholders*
%
Cofimar S.r.l.
19.97**
Max Mara Fashion Group S.r.l.
8.10**
Max Mara Finance S.r.l.
8.3
Pictet & Cie S.A.
4.99
Fincorrad S.R.l.
3.47
Eredi Savioli S.r.l.
3.26
Padana Tubi e Profilati Acciaio S.p.a.
2.14
* With individual share ownership more than 2%
** Value for share with voting rights
76.87%
Credem SpA
23.13%
5
National ranking
Updated 02/05/2016
NATIONAL CAPITALIZATION RANKING* (EURO BILLION)
Intesa San Paolo
38.4
Unicredit
19
Mediobanca
5.8
Mediolanum
4.3
Finecobank
4
UBI Banca
3.3
BPM
3
Banco Popolare
2.9
Banca Generali
2.6
Bper
2.2
Credem
1.9
MPS
1.6
Pop. Sondrio
1.5
Ifis
1.4
0
5
10
15
20
25
30
*Source: Borsa italiana. Banks with at least 1 euro billion’s stock exchange capitalization at 02/05/2016
35
40
45
6
Top management
GIORGIO FERRARI
Chairman of Credem since 1992, chairman of Credito Emiliano
Holding since 1986
Other current positions:
¾
chairman of Credemvita and Credemleasing;
¾
deputy-chairman of Credemassicurazioni;
¾
member of Euromobiliare Asset Management Sgr and Banca
Euromobiliare Board of Directors.
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ADOLFO BIZZOCCHI
Credem general manager since 2001.
Other current positions:
¾
chairman of Credemtel;
¾
deputy-chairman of Credemvita;
¾
member of Credemfactor, Banca Euromobiliare,
Credemassicurazioni and Creacasa Board of Directors
Download here
7
Board
Board of directors
(appointed on 2015 - 2016 – 2017)
chairman
deputy chairman
members
Giorgio Ferrari
Ignazio Maramotti *
Lucio Zanon di Valgiurata *
Romano Alfieri
Enrico Corradi *
Giorgia Fontanesi
Ugo Medici *
Ernestina Morstofolini **
Benedetto Renda
Paola Schwizer **
Corrado Spaggiari **
Giovanni Viani
Board of statutory auditors
(on 2013 - 2014 – 2015)
chairman
Giulio Morandi
statutory
auditors
Maurizio Bergomi
Maria Paglia
alternate
auditors
Gianni Tanturli
Tiziano Scalabrini
* Members of the executive committee
** Indipendent directors ex art. 148, comma 3, D.Lgs. nr. 58/1998 (TUF))
8
Credem group – photos
Spalletti Trivelli palace – Credem headquarters
Download here
Download here
Download here
9
Contacts:
Media Relations Credem
0522 582075 – 02 77426202
[email protected]
www.credem.it
For further informations please click here
In accordance with paragraph 2 of Article 154 bis of the Consolidated Law on Finance, the Financial
Reporting Manager Paolo Tommasini declares that the accounting information contained in this
document correspond to documentary records, ledgers and accounting entries.
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