Banca Popolare di Sondrio

Banca Popolare di Sondrio
Native name
Banca Popolare di Sondrio
Listed cooperative
Traded as BIT: BPSO
Founded 1871
Headquarters Sondrio, Italy
Area served
Northern Italy, Switzerland
Increase €97,552,111 (2014)
Total assets Increase €32,573,219,077 (2014)
Total equity Increase €2,221,418,922 (2014)
Capital ratio 9.81% (Tier 1)[1]
Website www.popso.it

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.

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

Equity interests

References

  1. http://www.popso.it/cm/pages/ServeAttachment.php/L/IT/D/b%252F9%252F2%252FD.306ed267a86a0de6b12b/P/BLOB%3AID%3D1789/E/pdf
  2. "Banca Popolare di Sondrio acquisisce il 100% del capitale sociale di Banca della Nuova Terra" (PDF) (Press release). Banca Popolare di Sondrio. 8 September 2017. Retrieved 14 November 2017.
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