Credito Emiliano : ECB includes CREDEM Group among financial conglomerates, as a result of the size achieved

As at October 6th, 2017, the European Central Bank (ECB) announced the decision to include Credem Group among Italian groups with significant business activities both in the banking, wealth management and insurance industries (financial conglomerates).

Credem Group has been pursuing a strong growth strategy and, at the end of June 2017, reached almost €40 billion in total assets, showing a significant increase of around +26% since the end of 2013. Such development involved all Group's businesses, from banking and investment services to insurance advisory; in particular, insurance reserves doubled their size from the end of 2013 to June 30th, 2017, reaching €6.5 billion.

The inclusion within the list of financial conglomerates foresees a further supervision by the ECB, which is additional to the activity of the other sectorial supervising authorities as well as to the one already carried out by the ECB over the Group - as a significant financial institution - within the Single Supervisory Mechanism (SSM) starting from January 1st, 2016, in order to reinforce Group's customers protection.

"We always believed that a complete product range is a key element for offering an distintictive advisory service to our clientele" Nazzareno Gregori, Credem General Manager declared "and recent growth trends that we have been observing confirm the effectiveness of our choices; more important is that our clientele proved to appreciate such business model that is based on know-how and a large and integrated support delivered to retail and corporate customers."

Credem Group is one of the largest Italian listed banking groups, with a Net Profit in 1H17 at €101.3 million,up by 43.9% YoY. In the first semester of 2017, market shares continued to expand, as confirmed by 53 thousand new customers acquired. The Group kept on offering support to households and enterprises with loans to customers up by 4.9% YoY at €23.5 billion, while maintaining an excellent credit quality as highlighted by a Net Bad Loans' Ratio at 1.44%. Credem Group has its headquarter in Reggio Emilia and operates at a national level. As at the end of 1H17, its distribution network consisted of 692 branches, corporate centers, small business centers and financial stores, with 6,110 employees, 869 financial advisers with mandate, 222 Creacasa agents and 98 agents with exclusive mandate for "salary backed loans". The banking Group is formed by several companies covering all main retail and corporate financial services including leasing, factoring, asset management, life and general insurance.

Reggio Emilia, October 9th, 2017

CREDITO EMILIANO SPA

(Chairman) Giorgio Ferrari

Contacts:

+39 02 77426202 - 0522 582075

rel@credem.it

+ 39 0522 582580 - 2785

investor@credem.it

www.credem.it