Banca Popolare di Milano (BPM or Bipiemme), founded in 1865, is an Italian cooperative bank with more than 650 branches concentrated in Milan and northern and central regions of the country. It operates through the following business segments: retail banking, corporate banking, treasury and investment banking, and wealth management. Banca Popolare di Milano is the parent company of BPM Group. BPM’s distribution network includes 654 retail branches, 9 corporate banking centers, 14 private banking centers and 28 financial shops and direct branches. The company employs 7,770 people and serves approximately 1.5 million customers. As of December 31, 2015, BPM Group had total assets of EUR 50.203 billion and customer loans of EUR 34.187 billion.
BPM Group significant subsidiaries:
Banca Popolare di Milano
Banca Popolare di Mantova S.p.A.
Banca Akros S.p.A. - The investment and private banking arm of BPM Group.
ProFamily S.p.A. - The consumer credit company.
BPM Covered Bond S.r.l.
Credit Ratings (March 2016)
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Head office address:
Piazza Meda, 4
Website: www.bpm.it, www.gruppobpm.it