CHERRY BANK S.P.A.

Cherry Bank S.p.A. is an Italian joint-stock bank created through the integration of a specialist credit platform with a small commercial bank, operating under a unified brand since 2021–2022, and authorized by the Bank of Italy as a credit institution subject to national and EU banking regulation. Its business model combines commercial banking for companies and households with activities in non-performing exposures and specialty finance. On the commercial side it offers credit to Italian small and mid-sized enterprises, including lending, factoring, leasing, and working-capital solutions, alongside payment services and business current accounts; on the retail side it distributes online fixed-term deposit accounts with predefined maturities and standard Italian tax treatment on interest. Funding is collected primarily through deposits, with account opening and management handled via digital onboarding and SEPA transfers for eligible residents; early withdrawal, renewal options, and interest-payment frequency depend on the specific deposit product’s terms and may restrict liquidity before maturity. As with other Italian banks, eligible deposits fall under the national deposit guarantee scheme, which generally protects up to €100,000 per depositor per bank; coverage and limits are defined by law and subject to eligibility criteria. The institution discloses annual financial statements and regulatory reports, and its risk profile reflects concentration in the Italian market, exposure to SME credit cycles, and sensitivity to conditions in the distressed-credit segment. Fees, rates, and product availability can change without notice, and prospective customers should verify current conditions, documentation requirements, and any penalties tied to closure or withdrawal before opening an account.