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About Creval

A medium-size banking group, based in Sondrio - Northern Italy. The nationwide group network covers 11 of the 20 Italy’s regions, through a network of 362 branches and more than 3.600 employees. Listed in the Italian Stock Exchange, it counts 150.000 shareholders approximately. The banking activity is mainly committed to households, SMEs, artisans, professionals and non-profit organizations: an intangible asset of around one million relationships, constantly increasing.

About creval

Creval Group laid the groundwork of its present structure in the early eighties, when Credito Valtellinese, a small local bank, outlined all necessary preconditions for the implementation of a business model – unprecedented, at that time – conceived as a "net-company", by taking over Technoleasing (turned later in Bancaperta, point of financial competence of the Group up to 2011), the establishment of companies as Bankadati, the information technology centre, Stelline, for the real estate property management, and Deltas, to preside the business plan as a whole. 

Ever since, the history of the Group keeps pace with its growth, strengthening and gradual integration in areas marked by similar corporate culture. 
The significant turning point dates back to 1996, with Credito Artigiano, historic private Milan – based bank, joining the Group. Years later the development increases in Sicily with Banca Popolare Santa Venera in Acireale, Cassa San Giacomo in Caltagirone and Banca Regionale Sant'Angelo: in 2002 Credito Siciliano originates from the merger of these three banks. 
Then follows Banca dell'Artigianato e dell'Industria in Brescia and in 2008, celebrating year of Credito Valtellinese centenary, is the turn of Credito Piemontese and Carifano - Cassa di Risparmio di Fano, joined by two small banks from Latium, Banca Cattolica in Montefiascone and Credito del Lazio, formerly Banca della Ciociaria.

In 2011, a set-up of the company structure is launched, with the merger of Bancaperta, Credito Piemontese and Banca dell'Artigianato e dell'Industria into the parent company, followed by incorporation of Banca Cattolica and Credito del Lazio into Credito Artigiano and the founding of the banking entity New Carifano.

In 2012 the organization project of the Group company structure is accomplished with the merger of Credito Artigiano into Credito Valtellinese, so that its operative network now directly covers almost entirely the country regions overseen by the Group, with the exception of Sicily, where Credito Siciliano is established, and Marche and Umbria, regions where Carifano is operative.
At the end of 2016 Carifano is incorporated in the parent Company, marking a further step of simplification of the Group structure.

In 2016, according to the “Popolari Banks' Reform” of 2015, Creval shareholders’ meeting, convened on 29 October, approved the transformation into joint-stock company.

In 2018 the Group starts a restructuring process that entails the completion of a 700mln euro capital increase along with an important derisking process that resulted in a reduction of about 50% in gross non-performing loans. The organizational structure was further rationalized through the incorporation of Credito Siciliano and Creval Sistemi e Servizi into Credito Valtellinese and the incorporation of Creval PiùFactor into Claris Factor (a company specialized in the factoring business acquired in 2018).
The Governance was also completely renewed with the appointment of a new Board of Directors in October 2018 and a new Board of Statutory Auditors in April 2019.

In June 2019 the new Board of Directors approves the Business Plan 2019-2023 “Sustainable Growth” that has the key goal to generate a sustainable growth and profitability in the medium long-term period. Through this Business Plan, Creval intends to strengthen its role as a solid commercial bank, with a low risk profile, focused on the relationship with households and small and medium enterprises, to sustain the growth of the served territories.​​