Banco Popolare

Banco Popolare
Native name
Banco Popolare Società Cooperativa
Company typePublicly traded società cooperativa
BITBP
ISINIT0005002883
IndustryFinancial services
Predecessor
Founded
  • 1 June 2002 (2002-06-01) (BPVN)
  • 1 July 2007 (2007-07-01) (Banco Popolare)
Defunct31 December 2016
Fatemerged with Banca Popolare di Milano
SuccessorBanco BPM
Headquarters,
Italy
Number of locations
Decrease 1,848 branches(2015)
Decrease 1,731 branches(2016)
Area served
Italy (except Abruzzo), Hong Kong, Shanghai, Mumbai and Moscow
Key people
  • Carlo Fratta Pasini (chairman)
  • Pier Francesco Saviotti (CEO)
Products
Brands
Increase0430 million(2015 restated)
Decrease (€1.682 billion)(2016)
Total assets
Decrease €120.161 billion(2015 restated)
Decrease €117.411 billion(2016)
Total equity
Increase008.494 billion(2015 restated)
Decrease007.575 billion(2016)
Number of employees
Decrease 16,972(2015)
Decrease 16,626(2016)
Subsidiaries
Capital ratio
13.15%(Group CET1, 31 December 2015)
12.97%(Group CET1, 31 December 2016)
Websitegruppobancopopolare.it
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).

  1. ^ "2016 Annual Report". Verona: Banco Popolare. 5 April 2017. Archived from the original (PDF) on December 4, 2017. Retrieved 4 December 2017.
  2. ^ "LE PRINCIPALI BANCHE ITALIANE [2016]" (PDF) (in Italian). Ricerche e Studi. 25 October 2016. Archived from the original (PDF) on 28 October 2017. Retrieved 8 February 2017.