Banca Popolare di Sondrio

Banca Popolare di Sondrio S.C.p.A. (BPSO) is an Italian bank based in Sondrio, Lombardy. The company was included in FTSE Italia Mid Cap Index.

Banca Popolare di Sondrio
Native name
Banca Popolare di Sondrio
TypeListed cooperative
BIT: BPSO
Founded1871
Headquarters
Sondrio
,
Italy
Area served
Northern Italy, Switzerland
€137,435,111 (2019)
Total assets €41,146,189,077 (2019)
Total equity €2,221,418,922 (2014)
Capital ratio15.7% (Tier 1)[1]
Websitewww.popso.it

History

Banca Popolare di Sondrio was an urban cooperative bank found in 1871. Along with Credito Valtellinese, they were the major banks inside the Province of Sondrio.

The bank also owned equity interests in several companies that provide services to the bank, such as Banca Italease (4.252% on 30 June 2009), Arca Vita and Istituto Centrale delle Banche Popolari Italiane (2%).

In 2009–11 Banca Italease was dismantled. BPSO acquired 20.95% stake in Alba Leasing as well as 60.5% stake in Factorit.

Due to Decree-Law N°3/2015, the bank would be demutualized. However, it was held due to an appeal to the court.

In September 2017 the bank announced that, they acquired Banca della Nuova Terra.[2]

Equity interests

References

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