Banco Popolare

Banco Popolare
Native name	Banco Popolare Società Cooperativa
Company type	Publicly traded società cooperativa
Traded as	BIT: BP
ISIN	IT0005002883
Industry	Financial services
Predecessor	Banco Popolare di Verona e Novara; Banca Popolare Italiana;
Founded	1 June 2002 (BPVN); 1 July 2007 (Banco Popolare);
Defunct	31 December 2016
Fate	merged with Banca Popolare di Milano
Successor	Banco BPM
Headquarters	Verona, Italy
Number of locations
1,848 branches	(2015)
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	Retail banking; Corporate banking; Investment banking; Private banking; Leasing & factoring; Asset management; Insurance (via JV);
Brands	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;
Net income
€0430 million	(2015 restated)
(€1.682 billion)	(2016)
Total assets
€120.161 billion	(2015 restated)
€117.411 billion	(2016)
Total equity
€008.494 billion	(2015 restated)
€007.575 billion	(2016)
Number of employees
16,972	(2015)
16,626	(2016)
Subsidiaries	Popolare Vita (50%-50% JV); Avipop Assicurazioni (50%-50% JV); Avipop Vita (50%-50% JV); Banca Aletti;
Capital ratio
13.15%	(Group CET1, 31 December 2015)
12.97%	(Group CET1, 31 December 2016)
Website	gruppobancopopolare.it
	Footnotes / references; in consolidated financial statement

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.

The bank was ranked fourth by total assets (among retail and commercial banks), according to Ricerche e Studi using 2015 data. 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).

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