Banca Popolare di Milano
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| subsidiary | |
| Industry | Financial services |
| Founded |
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| Headquarters | Milan, Italy |
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Number of locations
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655 branches, 9 corporate centres, 14 private banking centres, 27 family banking centres (2015) |
| Services | Retail, investment and private banking |
| Profit |
 €288.907 million (2015) |
| Total assets |
€50.203 billion (2015) |
| Total equity |
€4.627 billion (2015) |
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Number of employees
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 7743 (2015) |
| Divisions | WeBank |
| Subsidiaries |
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| Capital ratio | 11.53% (CET1) |
| Website | Official website |
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Footnotes / references in a consolidated basis |
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Banca Popolare di Milano S.p.A. known as Bipiemme or just BPM is an Italian bank based in Milan, Lombardy. The bank is a subsidiary of Banco BPM.
About 62% of the branches were from Lombardy (410); 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).
In 2016 it was announced that the bank would be merged with Banco Popolare.
The second cooperative bank in Italy (the first one was the Banca Popolare di Lodi), it was founded in 1865 in Milan by Luigi Luzzatti, who later served as the nation's Prime Minister. Luzzatti drew his inspiration from the 'credit associations' developed by Hermann Schulze-Delitzsch in Germany a decade earlier.
BPM has grown considerably since the 1950s by buying interests in other banks such as Banca Popolare di Roma, la Banca Briantea, Banca Agricola Milanese, Banca Popolare Cooperativa Vogherese, Banca Popolare di Bologna e Ferrara, Banca Popolare di Apricena, INA Banca, Cassa di Risparmio di Alessandria, Banca di Legnano and Banca Popolare di Mantova.
In 1999 Banca Popolare di Milano opened an online banking service called WeBank.
BPM was the minority owner of Cassa di Risparmio di Asti and Crediop.
On 15 October 2016 the merger between Banca Popolare di Milano (BPM) and Banco Popolare was approved by the extraordinary shareholders meetings of the two banks. As part of the merger, the branch of Banca Popolare di Milano would kept as a subsidiary by injecting the business into BPM's subsidiary Banca Popolare di Mantova and renamed into Banca Popolare di Milano S.p.A., which the new bank would be a subsidiary of Banco BPM.
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Wikipedia