Banco Popolare
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Banco Popolare
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| Type | Cooperative society (parent publicly traded) |
|---|---|
| Traded as | BIT: BP |
| 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
- ^ a b c d e f "Annual Report 2010". Banco Popolare. http://www.bancopopolare.it/IR_Bilanci/Allegati/C_52_IR_Bilanci_18_Allegati_Allegato_2_Documento.pdf. Retrieved 18 November 2011.
- ^ a b Totaro, Lorenzo (19 June 2009). "Popolare to Complete State-Aid Agreement Today, Messaggero Says". Bloomberg. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOACYC4J.1KA. Retrieved 2009-07-04.
External links
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