![]() | |||||
![]() Head office in Verona | |||||
Native name | Banco Popolare Società Cooperativa | ||||
---|---|---|---|---|---|
Company type | Publicly traded società cooperativa | ||||
BIT: BP | |||||
ISIN | IT0005002883 | ||||
Industry | Financial services | ||||
Predecessor |
| ||||
Founded |
| ||||
Defunct | 31 December 2016 | ||||
Fate | merged with Banca Popolare di Milano | ||||
Successor | Banco BPM | ||||
Headquarters | , Italy | ||||
Number of locations |
| ||||
Area served | Italy (except Abruzzo), Hong Kong, Shanghai, Mumbai and Moscow | ||||
Key people |
| ||||
Products |
| ||||
Brands | Brands
| ||||
| |||||
Total assets |
| ||||
Total equity |
| ||||
Number of employees |
| ||||
Subsidiaries |
| ||||
Capital ratio |
| ||||
Website | gruppobancopopolare | ||||
Footnotes / references in consolidated financial statement[1] |
Banco Popolare Società Cooperativa was an Italian bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BPVN) and Banca Popolare Italiana (BPI). The bank merged with Banca Popolare di Milano on 1 January 2017. to form Banco BPM.
The bank was ranked fourth by total assets (among retail and commercial banks), according to Ricerche e Studi using 2015 data.[2] The bank was a cooperative partnership. However, Italian Law N°3/2015 required all Popular Banks (Banca Popolare) with total assets above €8 billion, to transform into società per azioni (company limited by shares). In 2016 it was announced that the bank would be merged with Banca Popolare di Milano. At the same time the new bank would be registered as S.p.A.
Banco Popolare was a component of FTSE MIB index of Borsa Italiana (Italian stock exchange).
The group had branches in 19 out of 20 regions of Italy, except in Abruzzo (the subsidiary Banca Caripe was sold in 2011). Moreover, the bank was absent in several provinces of Italy, such as South Tyrol (the equity investment in Südtiroler Sparkasse was sold in 2007), and the province of Sondrio, Lombardy. Moreover, the bank only presented in one out of eight provinces of Sardinia and one out of five provinces of Calabria (only in Reggio Calabria).
© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search