Banco BPM emerged on January 1, 2017 as the result of the merger of two major cooperative Italian banks, Banco Popolare and Banca Popolare di Milano. Banco BPM provides a broad range of retail banking products and services to private individuals and SMEs. Banco BPM serves its customers through an extensive and complementary distribution network and a comprehensive multi-channel model.
Banco Bpm SpA is the 5th largest bank in Italy in terms of total assets. In 2018 its total assets were 158,06 bln EUR, providing the bank with the market share of 6.00%. In 2018 the bank's net income was -151,62 mln EUR. Banco Bpm SpA had 18 846 employees in 2018.
Banco Bpm SpA is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Baa3 (lower medium grade).
Banco Bpm SpA participates in the deposit guarantee scheme of Italy. This deposit guarantee scheme applies to current accounts, cash accounts, time deposits made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Banco Bpm SpA is a member of Interbank Deposit Protection Fund (FITD) and makes its contributions into it.
Banco Bpm SpA is headquartered in MILANO.