Credito Emiliano S p A : CREDEM confirmed among the soundest commercial banks in Europe

PRESS RELEASE

CREDEM CONFIRMED AMONG THE SOUNDEST COMMERCIAL BANKS IN EUROPE

The Group, with an impact on Cet1 lower than 300 bps in the event of negative economic trend, is among the 5 best European banks in the exercise conduct by the European Central Bank

Credem, one of the main national banking groups, was confirmed once again by the European Central Bank as one of the soundest institutions in Europe. In detail, in the context of the stress tests published on Friday July 28, aimed at verifying the European banking system's resilience to adverse scenarios, Credem recorded values that place it in a top position both in Italy and in Europe.

This result placed the Group among the best European institutions, both among those included in the sample of the European Central Bank (ECB) and among those involved by the European Banking Authority (EBA).

In detail, Credem has an impact on the solidity capital ratios, deriving from a potential highly negative prospective economic scenario, of less than -300 bps, which compares with approximately -660 bps of the 41 banks in the reference sample (ECB) and with -460 bps of the 57 banks in the Euro area of the EBA scope (-480 bps the overall average).

"It is a very important achievement, the result of forward-looking decisions that we make on a daily basis", Angelo Campani Credem's General Manager declared "On the one hand, soundness is a fundamental element for the customers who entrust us with their savings and on the other hand it represents an important objective to pursue since it guarantees sustainable development over time. I would like to congratulate all colleagues for this important confirmation of our excellence. Only a great team, in the networks, in the central offices, in the companies of our Group, can achieve ambitious goals over time", Campani concluded.

This result adds to the decision of the ECB in December 2022 to maintain for 2023 the Pillar 2 (P2R) requirement of Credito Emiliano at 1%, the lowest in Italy and among commercial banks in Europe, with the 2023 total capital requirement (indicating the minimum capital level to be held for the activities carried out by the Group) at 7.56%, confirming the soundness of Group best in class in the industry.

Reggio Emilia, July 31, 2023

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PRESS RELEASE

CREDITO EMILIANO SPA

(Chairman)

Lucio Igino Zanon di Valgiurata

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