Banco Popolare

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Banco Popolare
Cooperative society (parent publicly traded)
Traded as BITBP
Industry Financial services
Founded 1867 (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]
€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]
Number of employees
20,080 (end 2010)[1]
Subsidiaries Banca Popolare di Verona
Banca Popolare di Novara
Banca Popolare di Lodi
Credito Bergamasco

Banco Popolare is an Italian cooperative bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BPVN) 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]

Banco Popolare is a component of FTSE MIB index of Borsa Italiana. (Italian stock exchange) The Group had branches in most of Italy, except in Abruzzo.[3]


  1. ^ a b c d e f "Annual Report 2010" (PDF). 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. 
  3. ^

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