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Press Release

Press Release

2019 April, 29

The Romagna-based bank continues its process of revamping. It has changed its name and aligned its image with that of the shareholder SC Lowy, an international banking and financial group.

 

Barnabè: “We want to be one of the first specialty finance challenger banks in Italy.”

 

Forlì, 29 April 2019 – One year after the entry of the new shareholder SC Lowy, an international banking and financial group, which acquired over 90% of the share capital, Credito di Romagna has become SOLUTION BANK. As of today, 29 April 2019, the historical brand of the Romagna-based bank, present across the region with 10 branches, 25,000 customers and 6,000 businesses, is taking on a new image in line with that of the shareholder SC Lowy, while maintaining a visual reference to its previous identity. Solution is a name that also most effectively sums up what the bank aims to be – and to an ever increasing degree – for people, families and businesses in the region and not only. Following SC Lowy’s acquisition of an equity stake in Credito di Romagna,  today Solution Bank is a “traditional and international” bank with innovative solutions, both for private individuals and businesses, and aims to be one of the first specialty finance challenger banks in Italy. In fact, while on the one hand Solution Bank is expanding its offerings of traditional banking products such as asset management, the provision of loans and mortgages and investment opportunities, on the other hand Solution Bank is today a “corporate & investment bank” with services to local and national enterprises based on both ordinary credit and specialty finance, in special or project-based situations. “This transformation is a further step in the process of revamping and strengthening the bank – explains Maurizio Barnabè, General Manager of Solution Bank – a coherent and precise one, with a strategic plan that has reinforced and enhanced the traditional commercial banking activities in the region at the service of businesses and families on the one hand, but in parallel it is being extended to new lines of business dedicated to the management of syndicated loans and illiquid assets, including non-performing loans and special situations, as well as the development of a credit and investment activity”. The desire to be even closer to people and families, but also an effective partner for producers and entrepreneurs, is highlighted in the payoff “The bank for you and your business”, which sums up Solution Bank’s positioning in the market, “but above all – continues Maurizio Barnabè – emphasises the promise we’re fulfilling and lending substance to thanks to the investments of the shareholder SC Lowy, which has shown it wants to believe and invest in the region and in the local economy through the bank, but is also looking at national and European companies.” “In short – concludes the General Manager of Solution Bank – we also want to be one of the first specialty finance challenger banks in Italy.”

 

For information: Davide Ciliberti Purple & Noise PR davide.ciliberti@purpleandnoise.com

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