Banco Popolare

Banco Popolare

Logo of Banco Popolare
Native name	Banco Popolare Società Cooperativa
Type	Publicly traded Cooperative society
Traded as	BIT: BP
ISIN	IT0005002883
Industry	Financial services
Predecessor	Banco Popolare di Verona e Novara Banca Popolare Italiana
Successor	Banco BPM
Founded	1 June 2002 (2002-06-01) (BPVN) 1 July 2007 (2007-07-01) (Banco Popolare)
Headquarters	2 Piazza Nogara, Verona, Italy
Number of locations	1848 branches (2015)
Area served	Italy (except Abruzzo), Hong Kong, Shanghai, Mumbai and Moscow
Key people	Carlo Fratta Pasini (chairman) Pier Francesco Saviotti (CEO)
Products	Retail, investment and private banking
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
Profit	€430.073 million (2015)
Total assets	€120.510 billion (2015)
Total equity	€8.494 billion (2015)
Owner	BlackRock (5.374%) CR Lucca Foundation (2.891%) Norges Bank (2.167%)
Number of employees	16972 (2015)
Subsidiaries	Popolare Vita (50%-50% JV) Avipop Assicurazioni (50%-50% JV) Avipop Vita (50%-50% JV) Banca Aletti
Capital ratio	13.15% (CET1)
Website	Official website
Footnotes / references in consolidated basis

Banco Popolare Società Cooperativa is an Italian bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BPVN) and Banca Popolare Italiana (BPI). The bank was ranked fourth by total assets (among retail and commercial bank), according to Ricerche e Studi using 2014 data. The bank was a cooperative partnership. However, Italian Law N°3/2015 required all People's Banks (Banca Popolare) with total assets above €8 billion, to transform into Società per Azioni (limited company). 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 is 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).

Banco Popolare di Verona e Novara, Società Cooperativa a responsabilità limitata (known as just Banco Popolare; P.I. 0323127 023 6) was formed in 2002 by the merger of Banco Popolare di Verona – S.Geminiano e S.Prospero and Banca Popolare di Novara.

From 2002 to 2004 the group made multiple deal with insurer Cattolica Assicurazioni on Credito Bergamasco and other joint ventures. The partnership with the insurer ended in 2007, which after the merger with BPI, the new banking group changed to partner with Fondiaria-Sai in bancassurance (Popolare Vita, ex-BPV Vita).

Banco Popolare Società Cooperativa (P.I. 0370043 023 8) was formed by the merger of Banco Popolare di Verona e Novara (BPVN) and Banca Popolare Italiana (BPI). After the deal a new holding company was formed, with Banco Popolare di Verona – S.Geminiano e S.Prospero, Banca Popolare di Novara, Banca Popolare di Lodi, Credito Bergamasco and Cassa di Risparmio di Lucca Pisa Livorno were the main subsidiaries.