The famous Italian parmesan cheese is so valuable in Italy that some banks are willing to hold it as collateral for loans from local producers..
Credito Emiliano
One of these banks is Credito Emiliano. In its cheese storage there are more than 300,000 heads of cheese, weighing from 14 to 17 kg. Parmesan is one of the most expensive cheeses in the world, so it is not surprising that its quantity here is estimated at almost 200 million euros.
Credito Emiliano – bank
A cheese bank, at first glance, is almost no different from ordinary banks. Its territory is surrounded by wire and numerous surveillance cameras, and each storage room is equipped with a security tracking system. The only difference from a regular bank is that you will not find gold and money in its vaults. The value of Parmesan is so high that this bank has been robbed three times already.
Credito Emiliano Cheese Bank
The idea of the cheese bank is simple – cheesemakers bring their cheese here as collateral, and he, in turn, gives them cheap loans for the development and maintenance of business at a low percentage – only 3%.
Credito Emiliano’s Vault
This amazing mechanism promises double benefits to cheesemakers, since in addition to money, they do not worry at all about the process and proper conditions for maturing and storing cheese. Before the loan is repaid, the Parmesan is fully ripe and ready for sale.
Credito Emiliano – Cheese Bank
If for some reason the loan is not repaid, then the cheese bank can independently sell cheese.
The purpose of such a bank is not only to make a profit at the expense of cheese producers, but also to support them in today’s difficult business conditions.
Parmesan cheese