- CEO
- Giuseppe Castagna
- Full Time Employees
- 18,964
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- Piazza Nogara, 2 Verona VR Italy 37121
- IPO Date
- Sep 8, 2023
- Business
- Banco BPM S.p.A. is an Italian banking group formed in 2017 through the merger of Banco Popolare and Banca Popolare di Milano, headquartered in Milan and Verona. The bank offers a comprehensive range of financial products and services including retail banking; current accounts; savings and time deposit accounts; credit, debit, and prepaid cards; personal, home, mortgage, and business loans; corporate financing; leasing; investment and transactional banking; asset and wealth management; insurance products including life, property, and vehicle insurance; digital and mobile banking platforms; trading services; and social security and savings products. Banco BPM serves private individuals, small and medium enterprises (SMEs), corporate clients, and institutional investors primarily across Italy. The group includes subsidiaries in asset management and insurance sectors such as Vera Vita and Banco BPM Assicurazioni.
Recent major developments include Banco BPM's strategic plan update through 2026, emphasizing integration and expansion with Anima Holding, where Banco BPM launched a voluntary tender offer in late 2024 to acquire a controlling stake and delist Anima from Euronext, moving to become an integrated asset management player. The bank has pursued substantial disposal of non-performing loans through securitization projects and benefited from state guarantee schemes. Additionally, in late 2024 UniCredit launched a takeover bid for Banco BPM, reflecting significant movements in the Italian banking sector landscape. The group continues to focus on expanding its SME and corporate banking leadership while reinforcing wealth management, life insurance, and digital innovation including omnichannel banking and cybersecurity. Banco BPM's operations remain Italy-centric with ongoing efforts to enhance balance sheet robustness and sustainability integration in its corporate strategy.
Banco BPM operates through various segments including Retail, Institutional, Private, Corporate, Investment Banking, Insurance, and Strategic Partnerships, supported by a multi-channel distribution network across Italy. The bank emphasizes support for green transition initiatives and digital transformation as part of its 2023-26 strategic framework, with cost efficiency and reduction in loan loss provisions as key financial targets. Banco BPM also offers specialized financing solutions such as project and real estate financing, trade and export finance, corporate leasing, and digital international services, serving a broad customer base from individuals to large corporations.
Banco BPM is listed on the Milan Stock Exchange under ticker BNCZF, representing one of Italy's leading banking groups by total assets and market presence. Its headquarters are located in Milan and Verona, and it was founded in 2017 following the merger of two historic cooperative banks dating back to the 19th and 20th centuries. The bank's latest strategic shifts highlight integration with asset management activities and a commitment to sustainable banking practices within the Italian financial services industry.