Banco BPM

Founded on January 1, 2017 as a result of a merger between Banco Popolare and Banca Popolare di Milano (BPM) (authorized by the board of directors on May 24, 2016), Banco BPM S.p.A. is an Italian financial institution. In terms of total assets in 2016, the bank ranked third in Italy, behind market leaders Intesa Sanpaolo and UniCredit, serving both consumers and businesses. Both Verona and Milan served as the bank's primary locations. Banco BPM is the 831st largest company in the world according to Forbes Global 2000, and its stock is included in the FTSE MIB, the Italian blue-chip index.

The bank's asset management division, Aletti Gestielle SGR, was sold to Anima Holding in its inaugural year for €700 million. The bank took on a problematic loan portfolio with a €5.1 billion gross book value the next year and securitized and sold the securities to the market under the name "Project Exodus." For the senior tranche of the securities, the bank additionally sought governmental backing through the Garanzia sulla Cartolarizzazione delle Sofferenze (GACS).

The market capitalization of Banco BPM as of April 2023 is $6.26 billion. Banco BPM's current market cap ranks 2055th among all companies worldwide. The most recent financial filings reveal TTM revenue of $5.11 billion for Banco BPM. The firm's 2015 revenue of $4.39 billion was down from the $4.76 billion it earned in 2014.

Founded: 1 January 2017
Headquarters: Milan, Italy
Website: www.bancobpm.it