Banco BPM S.p.A.

Banco BPM was created through the merger of Banco Popolare and Banca Popolare di Milano, which took effect on 1 January 2017. The group is headquartered in Milan and has a deeply rooted presence in Northern Italy, particularly in regions with high industrial and SME concentration.

The group operates across commercial banking, corporate and investment banking, asset management, insurance, consumer credit, payments and private banking. Its business is predominantly Italy-based, with additional operations in Ireland, Switzerland, China and India.

Banco BPM is especially strong in domestic relationship banking and financing for households, SMEs and corporates. At 31 December 2025, it reported €205.9 billion in total assets, €99.7 billion in net customer loans and €228.0 billion in asset-management assets, following the inclusion of Anima Holding in its 2025 figures.