Banca Popolare di Sondrio
{{Infobox company
| name = People's Bank of Sondrio
| logo =
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| native_name = Banca Popolare di Sondrio
| native_name_lang = it
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| traded_as = {{ISE|IT0000784196|BPSO}}
FTSE Italia Mid Cap
| type = Listed cooperative
| industry =
| founded = 1871
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| hq_location =
| hq_location_city = Sondrio
| hq_location_country = Italy
| area_served = Northern Italy, Switzerland
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| revenue = $1.5 billion
| revenue_year = 2023
| operating_income =
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| net_income = {{increase}} $264.1 million
| net_income_year = 2023
| assets = {{increase}} €54 billion
| assets_year = 2024
| aum =
| equity = {{increase}} €2,221,418,922
| equity_year = 2014
| owner =
| ratio = 16.34% (CET1)[https://www.popso.it/cm/pages/ServeAttachment.php/L/IT/D/4%252Fe%252Fa%252FD.36c1861ff2b84cb4ecc2/P/BLOB%3AID%3D2534/E/pdf Approvazione preliminare risultati consolidati] popso.it
| rating =
| website = {{url|http://www.popso.it}}
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Banca Popolare di Sondrio S.C.p.A. (BPSO) is an Italian bank based in Sondrio, Lombardy. The company is included in FTSE Italia Mid Cap Index. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.{{cite web |website=European Central Bank |title=The list of significant supervised entities and the list of less significant institutions |url=https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm-listofsupervisedentities1409en.pdf |date={{date|2014/09/04}} }}{{cite web |website=European Central Bank |title=List of supervised entities |date={{date|2023/01/01}} |url=https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.listofsupervisedentities202302.en.pdf }}
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.{{cite press release|url=http://www.popso.it/cm/pages/ServeBLOB.php/L/IT/IDPagina/2182|title=Banca Popolare di Sondrio acquisisce il 100% del capitale sociale di Banca della Nuova Terra|format=PDF|date=8 September 2017|publisher=Banca Popolare di Sondrio |access-date=14 November 2017 }}
In September 2023, Unipol acquired 10.2% of Banca Popolare di Sondrio's shares, thus lifting its stake at 19.7 % of the capital of the bank.{{cite news |url=https://www.reuters.com/business/finance/italys-unipol-lifts-popolare-sondrio-stake-bank-insurance-push-2023-09-28/ |title=Italy's Unipol lifts Popolare Sondrio stake in bank-insurance push |date=28 September 2023|access-date=27 January 2025|publisher=Reuters}}
In March 2024, the company launched a €200 million subordinated bond repurchase programme maturing on 30 July 2029.{{cite web |website=Milano Finanza |title= La Banca Popolare di Sondrio riacquista un bond da 200 milioni e ne emette di nuovi. Le voci di M&A spingono l'azione in borsa
|url=https://www.milanofinanza.it/news/la-banca-popolare-di-sondrio-riacquista-un-bond-da-200-milioni-e-ne-emette-di-nuovi-le-voci-di-m-a-spingono-202403041208187086|date=March 4, 2024 }} {{subscription required}}
On 7 February 2025, BPER Banca launched a €4.3bn takeover bid on Banca Popolare di Sondrio.{{cite web|url=https://www.reuters.com/markets/deals/unipol-backed-bper-joins-italys-ma-frenzy-with-45-bln-pop-sondrio-bid-2025-02-06/ |title=Unipol-backed BPER joins Italy's M&A frenzy with $4.5 bln Pop Sondrio bid |date=7 February 2025}}
Equity interests
References
{{Reflist|30em}}
External links
- {{Official website|http://www.popso.it}}
{{Members of Euro Banking Association}}
{{Banking in Italy}}
{{Portal|Companies|Banks}}
{{Authority control}}
Category:Companies based in Sondrio
Category:Banks established in 1871
Category:Italian companies established in 1871
Category:Cooperative banks of Italy
Category:Banks under direct supervision of the European Central Bank
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