Banca Popolare di Milano

Banca Popolare di Milano S.p.A.

Head office in Milan
Formerly	Banca Popolare di Milano S.c. a r.l.
Company type	subsidiary
Industry	Financial services
Founded	1865 1 January 2017 (2017-01-01) (as subsidiary)
Headquarters	Milan, Italy
Number of locations	604 branches (2017)
Key people	Umberto Ambrosoli (chairman) Giuseppe Castagna[1] (CEO)
Services	retail banking investment banking private banking
Parent	Banco BPM
Divisions	WeBank
Subsidiaries	Banca Akros ProFamily
Website	www.bpm.it

Banca Popolare di Milano S.p.A. also known as Bipiemme or just BPM is an Italian bank based in Milan, Lombardy. The bank is a wholly owned subsidiary of Banco BPM. Banca Popolare di Milano S.c. a r.l., an urban area cooperative bank, was founded in 1865, however, due to the merger and the foundation of Banco BPM, the original branches of BPM as well as some businesses were injected into another legal person and BPM's subsidiary Banca Popolare di Mantova, which was renamed to Banca Popolare di Milano S.p.A. on 1 January 2017.

Before the merger, BPM was a listed company on the Borsa Italiana (Milan Stock Exchange); after the merger, only the parent company Banco BPM is a listed company.

As of 31 December 2016^[update], before the merger, the bank had 656 branches, including private banking and corporate banking centres; about 61% of the branches of BPM were from Lombardy (390); the group also had branches in Emilia-Romagna (28), Lazio (65), Apulia (36), Piedmont (87), Liguria (11), Veneto (7), Tuscany (5), Campania (2), Marche (1), Molise (1), Abruzzo (1) and Friuli– Venezia Giulia (1).^[2]

After the merger, As of 31 December 2017^[update], Banca Popolare di Milano, excluding Banca Akros, had 604 branches.^[3]