Banca Popolare di Milano
is a multi-regional cooperative bank based in Milan. It dates back to 1865 when, during the time of renewal following the proclamation of a united Italy, a cooperative was needed in Milan to grant credit at the best market conditions to its members.
The bank’s aim was to provide merchants, small-scale entrepreneurs and industrialists with access to credit. Since then, while maintaining its close ties to the Milanese area, BPM has grown into one of Italy’s largest credit societies. With over 90 million shareholders, 47 thousand of which are members, it focuses mainly on retail customers and small and mid-sized companies. It was listed on the stock exchange in 1994. Today BPM heads a multi-regional banking group that serves a vast customer base, with more than one million retail customers.
The group’s commercial mission concentrates above all on services for individuals and small and mid-sized companies, but without neglecting mid-sized and large companies, for which the parent bank has set up specific divisions.
The group is comprised of the parent bank Banca Popolare di Milano, Banca di Legnano, Cassa di Risparmio di Alessandria and Banca Popolare di Mantova banking networks, along with special purpose vehicles that enable the group to offer customers reputable services ranging from asset management to insurance and financial assistance for retail and corporate customers.