Credito Emiliano has signed an agreement to acquire Cassa di Risparmio di Cento, aiming to enhance its market share in key regions of Emilia-Romagna.

Target Information

Credito Emiliano has entered into an agreement with Fondazione Cassa di Risparmio di Cento to acquire and integrate Cassa di Risparmio di Cento, aiming to enhance its market presence in the territories of Ferrara, Bologna, Modena, and Ravenna. This strategic acquisition seeks to bolster Credito Emiliano's growth trajectory by increasing its customer base and service offerings in these regions.

Cassa di Risparmio di Cento, commonly referred to as Caricento, boasts a rich history of over 160 years in the banking industry. As of 2019, it served more than 87,000 customers through a dedicated workforce of 460 employees, operating across 47 branches and 3 Private and Wealth Management Centers. By the end of the same year, the total deposits from customers amounted to €3.7 billion, while total loans to customers reached €2.0 billion, highlighting its significant footprint in the local banking sector.

Industry Overview

The banking industry in Italy, particularly in regions such as Emilia-Romagna, where Credito Emiliano operates, is characterized by a network of local and regional players who cater to diverse customer needs. This region has seen a gr