An Italian bank offers loan on cheese

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The Credito Emiliano bank in Italy offers loans on cheese, nearly 300,000 blocks or wheels of  Parmesan cheese is stored with high security on giant shelve which is worth about $200m (£122m)."It's like gold," says Alfredo Germini from Credito Emiliano, or Credem, the bank in northern Italy that owns and runs the vault.The bank charges interest at about 3% and a fee for looking after the Parmesan in its air-conditioned, humidified vault.Source.

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