Banca Popolare di Milano S.p.A. also known as Bipiemme or just BPM is an Italian bank based in Milan, Lombardy. The bank is a wholly owned subsidiary of Banco BPM. Banca Popolare di Milano S.c. a r.l., an urban area cooperative bank, was founded in 1865, however, due to the merger and the foundation of Banco BPM, the original branches of BPM as well as some businesses were injected into another legal person and BPM's subsidiary Banca Popolare di Mantova, which was renamed to Banca Popolare di Milano S.p.A. on 1 January 2017.
Before the merger, BPM was a listed company on the Borsa Italiana (Milan Stock Exchange); after the merger, only the parent company Banco BPM is a listed company.
As of 31 December 2016[update], before the merger, the bank had 656 branches, including private banking and corporate banking centres; about 61% of the branches of BPM were from Lombardy (390); 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).[2]
After the merger, As of 31 December 2017[update], Banca Popolare di Milano, excluding Banca Akros, had 604 branches.[3]
^"Governance" (in Italian). Banca Popolare di Milano.
^"Relazione Finanziaria annuale Esercizio 2016" (in Italian). Banca Popolare di Milano. 2017. Retrieved 21 June 2018 – via Banco BPM website.
^"Relazione Finanziaria annuale al 31 dicembre 2017" [2017 Annual Financial Report] (in Italian). Banco BPM. 2018. Retrieved 21 June 2018.
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Global Information
604 branches (2017)