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Cherry Bank
Il Partner finanziario delle famiglie imprenditoriali italiane e delle loro imprese. | Cherry Bank è il Partner finanziario delle famiglie imprenditoriali...
Cherry Bank
Il Partner finanziario delle famiglie imprenditoriali italiane e delle loro imprese. | Cherry Bank è il Partner finanziario delle famiglie imprenditoriali italiane e delle loro imprese. Attraverso le business Unit Wealth Management e Corporate & Investment Banking affianca gli imprenditori nei momenti chiave della loro storia, utilizzando un approccio imprenditoriale alla finanza.
General information
Firm type
Bank / Wealth / Trust
Year founded
1996
Location
Region
Europe
Country
Italy
City
Padua
Corporate office
Padua, Italy
Principals
Giovanni Bossi
Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Cherry Bank?
Giovanni Bossi serves as CEO and is the primary architect of the bank's strategy. He leads the investment committee for NPL acquisitions, drawing on a career that includes senior roles at Banca IFIS and other Italian credit institutions before acquiring control of Cherry Bank in 2015.
What is Cherry Bank's core investment strategy?
The bank acquires non-performing loan portfolios, primarily unsecured consumer and SME credits, from Italian banks and servicers. It purchases these at a discount to face value and uses an in-house servicing platform to maximize recoveries. The firm also operates a traditional private and corporate banking division.
How is Cherry Bank structured compared to a typical NPL fund?
Unlike most NPL investors that deploy capital through closed-end funds with fixed lifecycles, Cherry Bank is a licensed Italian bank. This gives it permanent capital and a deposit base to fund acquisitions, removing the pressure to exit positions on a predetermined timeline.
Does Cherry Bank operate only in Italy?
As of the latest public record, Cherry Bank's activities are concentrated entirely in Italy. Its branch network and NPL portfolios are domestic, with no known international offices or cross-border acquisitions.
How does Cherry Bank fund its NPL purchases?
The bank funds acquisitions through a combination of retail deposits, including its Cherry 106 digital savings platform, and its own balance sheet equity. The 2023 acquisition of Banca Popolare delle Province Calabre branches added roughly EUR 300 million in deposits, further strengthening this funding model.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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