Banco Popolare

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Banco Popolare
Type Cooperative society (parent publicly traded)
Traded as BITBP
Industry Financial services
Founded 2007
Headquarters Verona, Italy
Key people Pier Francesco Saviotti (CEO), Vittorio Coda (Chairman of the management board), Carlo Fratta Pasini (Chairman of the supervisory board)
Products Retail, investment and private banking
Revenue €3.719 billion (2010)[1]
Operating income €1.268 billion (2010)[1]
Profit €308.0 million (2010)[1]
Total assets €135.16 billion (end 2010)[1]
Total equity €11.53 billion (end 2010)[1]
Employees 20,080 (end 2010)[1]
Subsidiaries Banco Popolare di Verona e Novara, Banca Popolare di Lodi
Website www.bancopopolare.it

Banco Popolare is an Italian cooperative bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BVPN) and Banca Popolare Italiana (BPI).

In June 2009 the company became the first Italian bank to receive state aid from the Government of Italy due to the ongoing financial crisis.[2] It sold €1.5 billion in convertible bonds to the state.[2]

Today it is quoted on the Milan S&P/MIB Stock Exchange.

References[edit]

  1. ^ a b c d e f "Annual Report 2010". Banco Popolare. Retrieved 18 November 2011. 
  2. ^ a b Totaro, Lorenzo (19 June 2009). "Popolare to Complete State-Aid Agreement Today, Messaggero Says". Bloomberg. Retrieved 2009-07-04. 

External links[edit]