Banca Popolare di Milano

Infobox_Company
company_name = Banca Popolare di Milano Società Cooperativa a r.l.
company_
company_type = Cooperative banking
foundation = 1865
company_slogan = "La tua voglia di fare abita qui"
(Your wish to make lives here)
location = flagicon|Italy Milano, Italy
subsid = Banca di Legnano, Cassa di Risparmio di Alessandria, Banca Akros
key_people = Roberto Mazzotta, President
Fabrizio Viola, General Manager
Antonio Colli Contractual Political Manager
num_employees = 8,378 (2005)
industry = Bank
homepage = [http://www.bpm.it/ www.bpm.it]

Banca Popolare di Milano (ISE|IT0000064482|PMI) is an Italian cooperative bank.

History

The second cooperative bank in Italy (the first one was the Banca Popolare di Lodi), it was founded in 1865 in Milan by Luigi Luzzatti, who later served as the nation's Prime Minister. Luzzatti drew his inspiration from the 'credit associations' developed by Hermann Schulze-Delitzsch in Germany a decade earlier. [Henry W. Wolff. "People's Banks". P.S. King & Son, London, 1910, pp. 254-319.]

BPM has grown considerably since the 1950s by buying interests in other banks such as Banca Popolare di Roma, la Banca Briantea, Banca Agricola Milanese, Banca Popolare Cooperativa Vogherese, Banca Popolare di Bologna e Ferrara, Banca Popolare di Apricena, Ina Banca, Cassa di Risparmio di Alessandria and Banca di Legnano.

BPM Today

BPM now employs about 8,000 people in 702 branches and it has about 1,4 million customers [8,378 employees, 702 branches and 1,430,100 customers, source: "Bilancio sociale del gruppo Bipiemme" "("Social Balance of Bipiemme Group")" 2005] . The bank works basically in the northern and central regions of Italy, with a strong presence in Lombardia and Lazio, but also in Puglia.

The bank's market capitalisation is €5 billion [Source: Borsa Valori "(Italian Stock Exchange)" [http://www.borsaitaliana.reuters.it/stocks/ratios.aspx?symbol=PMII.MI&fs=1] in February 16, 2007 ] at February 2007, making Banca Popolare di Milano the 10th largest financial group by market value in Italy.

Notes