Italy’s Credem Group has invested €2bn to support the growth of SMEs. The project, called Grancassa, already started last year and is still aimed at the same clients, but it has seen a 36% increase compared to last year’s initial investment. Already at the end of June, Credem boosted borrowings to investors by 5.3% yoy […]
The Bank of Italy has authorised Credem group to use the internal ratings-based (IRB) approach for its lending programme going forward. The IRB approach allows banks to use their own estimated risk parameters to calculate regulatory capital. Credem hailed the news as a potential boost to its lending activities, which have already gone up 5.3% year-on-year […]
La società del Gruppo Credem specializzata nei servizi telematici entra così nell’elenco pubblico delle società accreditate per la fornitura di servizi di conservazione dei documenti informatici Credemtel, società del Gruppo Credem guidata dall’amministratore delegato Luciano Bartoli (nella foto) nata nel 1989 e specializzata nella fornitura di servizi telematici per banche, imprese e pubbliche amministrazioni, ha ottenuto […]
Il Gruppo Credem ha riportato un utile netto consolidato in aumento del 31% a/a, pari a €151,8m. Secondo i risultati approvatidal CDA, Credem ha anche riportato un utile consolidato a fine 2014 di 6,8% (5,7% nel 2013). La raccolta da clientela è in crescita del 10,6% a/a a €53.542m con un incremento in valore assoluto di oltre cinque miliardi di euro […]
Italy’s Credem has published its preliminary business results for 2014. According to the its estimate, the Credem Group pushed its profits up by 31% to €151.8m in 2014. Credem pointed out that its wealth management activities scored particularly positive results, with asset management products posting total net inflows of €20.2m, 14.3% up compared to 2013. […]
BNY Mellon has signed a distribution agreement with Italian player Credem to distribute its funds to a wider investor base in the country. The agreement follows up on the already existing partnership between Credem and Banca Euromobiliare, financial boutique of the Credem Group, specialised in investment and advisory services. From now on, the distribution agreement […]
Italy’s Credem has launched a €750m covered bond to support the group’s growth strategy. The inflows posted will be used to boost Credem’s baking and credit services activity, the group said. Credem said it has already boosted loans to families and firms by 2.8% yoy, against a drop of 2.2% compared with the same period […]
Italy’s Credem has announced that it has subscribed to the ECB’s Targeted long term refinancing operation (TLTRO) from which it will receive €735m. The Italian bank based in Emilia Romagna, north of Italy, has said that the ECB funds will be aimed at widening loans to its clients. The bank claimed that the choice is […]
Italy’s Credem has unveiled its business development plans, focusing on capital increase and bankers recruitment by the end of the year. The bank’s board said that they aim at an increase of €1bn of AUM, equivalent to the 9% of current AUM, as well as recruiting 30 more bankers to get to a total of […]
Italy’s Gruppo Credem has joined BorsadelCredito.it, a website that helps SMEs get access to credit. The service is free and allows entrepreneurs to select online the type of credit they are looking for. BorsadelCredito.it then assesses the request through preset technological filters. Borsa del Credito said that SMEs will then able to see the list […]
Italy M&G Investments’ branch has signed a distribution agreement that will allow its funds to be distributed through Credem and Banca Euromobiliare’s networks of advisers and private bankers.
Italy’s Credemholding, the company that holds 76.9% of Credito Emiliano S.p.A., has announced increased profits of €29m in 2013.