Banco BPM

Banco BPM

Native name	Banco BPM S.p.A.
Type	listed Società per Azioni
Traded as	BIT: BAMI
Industry	Financial services
Predecessor	Banco Popolare S.C. Banca Popolare di Milano S.c. a r.l.
Founded	1 January 2017 (2017-01-01)
Headquarters	Milan, Lombardy (registered office) Verona, Veneto (general office)
Key people	Carlo Fratta Pasini (President) Giuseppe Castagna (CEO)
Brands	Banca Popolare di Verona Banco S.Geminiano e S.Prospero Banco San Marco Banca Popolare di Trentino Cassa di Risparmio di Imola Banca Popolare di Novara Banco Popolare Siciliano Credito Bergamasco Banca Popolare di Lodi Cassa di Risparmio di Lucca Pisa Livorno Banco di Chiavari e della Riviera Ligure Banca Popolare di Cremona Banca Popolare di Crema
Services	Retail and corporate banking insurance (via joint venture) asset management
Subsidiaries	Banca Popolare di Milano S.p.A. Banca Akros Banca Aletti Aletti Gestielle SGR ProFamily SGS BP
Website	http://www.bancobpm.it

Banco BPM S.p.A. is an Italian bank that started to operate on 1 January 2017, by the merger of Banco Popolare and Banca Popolare di Milano (BPM) (approved by the board of directors on 24 May 2016). The bank is the third largest retail and corporate banking conglomerate in Italy (in terms of total assets in 2016), behind Intesa Sanpaolo and UniCredit.

The bank is a constituent of Italian blue chip index FTSE MIB; the predecessors, Banco Popolare and BPM, were ranked 1189th and 1502th respectively in 2016 Forbes Global 2000.^[1]

History

Banco BPM is the third largest retail and commercial banking conglomerate by total assets in Italy behind UniCredit and Intesa Sanpaolo, but surpassing Banca Monte dei Paschi di Siena (€164.385 billion at mid-2016). Although Bank of Italy, the central bank, and Cassa Depositi e Prestiti, the national investment bank, technically have larger total assets than Banco BPM, they operate in a different line of business.

As of 30 June 2016 Banco Popolare had total assets of €123.699 billion and net assets of €8.876 billion in a consolidated basis,^[2] while Banca Popolare di Milano had a total assets of €49.698 billion and a net assets of €4.571 billion.^[3] However, they had a similar size in terms of market capitalization, both already suppressed Banca Monte dei Paschi di Siena.

The shareholders of Banco BPM are the former shareholders of Banco Popolare and Banca Popolare di Milano in a proposed ratio of 54.626%-45.374% .^[4] After the capital increase of Banco Popolare in mid-2016, the final exchange ratio for the merger was 1 share of Banco Popolare to 1 share of Banco BPM, as well as 6.386 share of Banca Popolare di Milano to 1 share of Banco BPM.^[5]

Banco Popolare and BPM themselves were both originated as People's Bank (Italian: Banca Popolare), a kind of co-operative bank in Italy, based in Bergamo, Verona, Modena, Novara and Lodi (Banco Popolare) and Milan (BPM). They merged and acquired many Banca Popolare and Cassa di Risparmio (saving bank) to become the 4th and 9th largest retail and commercial banking conglomerate in 2015, in terms of total assets, according to a study of Mediobanca.^[6] Banco Popolare and Banca Popolare di Milano were about to demutualize in 2016, due to Italian Law N°3/2015, but the two banking group forming a new public limited company directly, instead of demutualize themselves. A new subsidiary, Banca Popolare di Milano S.p.A., would be incorporated to run the brand of BPM for a few years.

On 10 February 2017, the "year zero" financial results was announced. Due to 2016 capital increase of Banco Popolare, the new banking group had a CET1 capital ratio of 12.30%.^[7]

References

External links

• Official website

Members of Euro Banking Association
Austria	Allgemeine Sparkasse Oberosterreich Bank für Tirol und Vorarlberg AG BKS Bank AG Erste Group Bank AG Oberbank AG Oesterreichische Nationalbank Raiffeisen Bank International AG Raiffeisenlandesbank Oberösterreich AG Raiffeisen-Landesbank Tirol AG Steiermärkische Bank und Sparkassen AG
Belgium	Dexia Bank NV KBC Bank NV Bank van De Post
Cyprus	Bank of Cyprus Hellenic Bank
Denmark	Amagerbanken A/S Arbejdernes Landsbank A/S Danske Andelskassers Bank A/S Danske Bank A/S DiBa Bank A/S Djurslands Bank A/S Jyske Bank A/S Nordjyske Bank A/S Nørresundby Bank Østjydsk Bank A/S Ringkøbing Landbobank Roskilde Bank A/S Skjern Bank Spar Nord Bank Sparekassen Sjælland Sydbank A/S Vestfyns Bank A/S Vestjysk Bank
Finland	Aktia Bank PLC Bank of Åland PLC Pohjola Bank PLC S-Bank LTD. Tapiola Bank LTD
France	Banque Michel Inchauspé - BAMI Banque Palatine BNP Paribas SA BPCE BRED Banque Populaire Crédit Agricole SA Crédit Coopératif Crédit du Nord Crédit Mutuel Arkéa Credit Mutuel CIC Banque HSBC France La Banque postale Natixis Société Générale
Germany	Berenberg Bank BHF Bank Bremer Landesbank Commerzbank AG Deutsche Bank AG Deutsche Bundesbank Deutsche Postbank DZ Bank AG Europe Arab Bank Frankfurt Hamburger Sparkasse AG J.P. Morgan Chase Bank AG Landesbank Baden-Württemberg Landesbank Berlin Holding Landesbank Hessen-Thüringen Oldenburgische Landesbank SECB Swiss EURO CLEARING Bank GmbH The Bank of New York Mellon, Frankfurt Branch VTB Bank (Deutschland) AG
Greece	Alpha Bank SA Eurobank Ergasias SA National Bank of Greece SA Piraeus Bank SA
Hungary	Budapest Bank CIB Bank Erste Bank FHB Mortgage Bank Hanwha Bank Hungarian Development Bank Hungarian National Bank K&H Bank MagNet Bank MKB Bank OTP Bank Raiffeisen Bank Sberbank Europe Group TakarékBank UniCredit
Ireland	Allied Irish Banks Bank of Ireland
Italy	Banca del Fucino Banca Monte dei Paschi di Siena Banca Nazionale del Lavoro Banca Popolare del Lazio Banca Popolare di Sondrio Banca Sella Banco BPM BPER Banca Cassa di Risparmio di Cesena Cassa di Risparmio di Fermo Cassa di Risparmio di Ravenna Banca di Imola Credito Emiliano Credito Valtellinese ICCREA Banca Intesa Sanpaolo Istituto Centrale delle Banche Popolari Italiane Raiffeisen Landesbank Südtirol UBI Banca UniCredit
Luxembourg	Banque et Caisse d'Épargne de l'État Banque Raiffeisen Banque Internationale à Luxembourg SA KBL European Private Bankers Société Générale Bank & Trust
Netherlands	ABN Amro Bank NV De Nederlandsche Bank ING Bank NV Rabobank Nederland
Poland	Bank BPH SA Narodowy Bank Polski
Portugal	Banco BPI SA Banco Comercial Português Crédito Agrícola Caixa Geral de Depósitos Novo Banco
Slovenia	Banka Slovenije
Spain	Banco Bilbao Vizcaya Argentaria, S.A. Banco Popular Español, S.A. Banco Sabadell, S.A. Bankinter, S.A. Banco Santander, S.A. CaixaBank, S.A. (La Caixa) Catalunya Banc, S.A. (CatalunyaCaixa) Kutxabank, S.A. ABANCA Corporación Bancaria, S.A. (Abanca) Caja Laboral Popular, Cooperativa de Crédito (Caja Laboral) Banco Cooperativo Español, S.A. (Caja Rural) CECABANK, S.A.
Sweden	Skandinaviska Enskilda Banken Svenska Handelsbanken Swedbank AB Nordea Bank AB
United Kingdom	Bank of Tokyo-Mitsubishi UFJ Ltd. Barclays Bank PLC Citibank NA DNB Bank (NOR) HSBC Bank PLC JPMorgan Chase Bank, N.A., London Branch Kookmin Bank International Ltd. Lloyds Bank PLC MashreqBank psc (UAE) Royal Bank of Scotland PLC UBS AG Wells Fargo Bank NA
Non-EU	Bank of China (CHN)

Banking in Italy
Central bank	Bank of Italy European Central Bank
Public banks	Cassa Depositi e Prestiti CDP Reti Poste italiane BancoPosta Banca del Mezzogiorno – MedioCredito Centrale Istituto per il Credito Sportivo Banca Mediocredito del Friuli Venezia Giulia Investitionsbank Trentino Südtirol – Mediocredito Trentino Alto Adige Finaosta Fincalabra Finlombarda Finmolise Finpiemonte Fidi Toscana FIRA Gepafin IRFIS – FinSicilia Sviluppo Basilicata SFIRS Veneto Sviluppo FarBanca Banca Intermobiliare
Global banks (Supervised by ECB)	UniCredit FinecoBank Intesa Sanpaolo Banca IMI Mediocredito Italiano Banca CR Firenze Banco di Napoli CariFVG Carisbo Caript Cariromagna CR Veneto Banca Nuova Banca Apulia
Nationwide and multi-regional banks (Supervised by ECB)	Banco BPM Banca Aletti Banca Popolare di Milano Banca Monte dei Paschi di Siena MPS Capital Services UBI Banca IWBank Mediobanca Compass Banca Esperia BPER Banca Banco di Sardegna Banca di Sassari C.R. Bra C.R. Saluzzo Nuova Carife Banca Carige Banca del Monte di Lucca Credito Emiliano Banca Popolare di Sondrio
Multi-regional (total assets €30b to €8b)	Credito Valtellinese Credito Siciliano Banca Mediolanum Banca Popolare di Bari Cassa di Risparmio di Orvieto Banca Sella Holding Banca Sella Banca Patrimoni Sella Banco di Desio e della Brianza Banca Popolare di Spoleto Unipol Banca Banca di Asti Biverbanca Südtiroler Volksbank – Banca Popolare dell'Alto Adige Südtiroler Sparkasse – Cassa di Risparmio di Bolzano
Multi-regional and regional cooperative bank (Popolari banks)	Banca Agricola Popolare di Ragusa Banca Valsabbina Banca Popolare di Puglia e Basilicata Banca Popolare di Cividale Cassa di Sovvenzioni e Risparmio fra il Personale della Banca d'Italia Banca Popolare Pugliese Banca di Piacenza Banca di Credito Popolare Banca Popolare del Lazio Banca Popolare del Cassinate Banca Popolare Valconca Banca Popolare Etica Banca Popolare Sant'Angelo Sanfelice 1893 Banca Popolare Banca Popolare di Lajatico Banca Popolare di Fondi Banca Popolare del Frusinate
Co-operative banks (BCC) and central banks	Federcasse central banks Istituto Centrale delle Casse Rurali ed Artigiane Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige Cassa Centrale Banca - Credito Cooperativo del Nord Est List of member of Federcasse Fondo di Garanzia dei Depositanti del Credito Cooperativo
Regional retail bank	Cassa di Risparmio di Ravenna Banco di Lucca e del Tirreno Banca di Imola Cassa di Risparmio di Cesena Banca Carim Cassa di Risparmio di San Miniato Banca di Cambiano Cassa di Risparmio di Cento ChiantiBanca Cassa Padana Cassa di Risparmio di Volterra Hypo Alpe-Adria-Bank Cassa di Risparmio di Fossano Banca del Fucino Cassa di Risparmio di Fermo Banca del Piemonte Banca CR Savigliano Banco Azzoaglio
others	Banca Generali Banca IFIS Interbanca Banca Finnat Banca Ubae Banca Leonardo Banca Farmafactoring Unione Fiduciaria Credito Fondiario Banca Passadore Banca Sistema Banca Profilo doBank Italfondiario
Foreign banks	Allianz Allianz S.p.A. Barclays Banco Santander Bank of China BNP Paribas Banca Nazionale del Lavoro Crédit Agricole Crédit Agricole Italia Crédit Agricole Corporate and Investment Bank FCA Bank Credit Suisse Deutsche Bank Deutsche Bank S.p.A. Dexia Crediop HSBC ING Bank Société Générale Mercury Istituto Centrale delle Banche Popolari Italiane Setefi
Ancient banks	Bank of Saint George Banco di Santo Spirito Istituto Bancario San Paolo di Torino Medici Bank Mount of piety Faenza Foggia Parma Reggio Emilia
Related topics	List of banks in Italy Associazione Bancaria Italiana Associazione di Fondazioni e di Casse di Risparmio S.p.A. Associazione Nazionale fra le Banche Popolari Fondo Interbancario di Tutela dei Depositi Italian National Resolution Fund