The famous Italian parmesan cheese is so valuable in Italy that some banks are willing to hold it as collateral for loans to local producers.
One such bank is Credito Emiliano. Its cheese vault contains more than 300,000 heads of cheese, weighing between 14 and 17 kg. Parmesan is one of the most expensive cheeses in the world, so it is not surprising that its amount here is estimated at almost 200 million euros.
Credito Emiliano – bank
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 the bank has been robbed three times already.
Credito Emiliano Cheese Bank
The idea of a cheese bank is simple – cheese makers bring their cheese here as collateral, and he, in turn, gives them cheap loans to develop and maintain a business at a low interest rate – only 3 %.
The Vault of Credito Emiliano
This amazing mechanism promises a double benefit to cheese makers, because in addition to money, they do not worry at all about the process and proper conditions for ripening and storing cheese. Until the loan is repaid, Parmesan is fully ripe and ready for sale.
Credito Emiliano is a cheese bank
If for some reason the loan is not repaid, the cheese bank can take care of itself selling 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.