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Banco Popolare
Type Public, semi co-operative (BIT: BP)
Founded 2007
Headquarters Verona, Italy
Key people Pier Francesco Saviotti (CEO), Vittorio Coda (Chairman of the board)
Industry Financial services
Products Retail, investment and private banking
Revenue €3.744 billion (2008)[1]
Operating income €1.411 billion (2008)[1]
Profit (€333.4 million) (2008)[1]
Total assets €121.4 billion (2008)[1]
Employees 20,950 (2008)[1]
Subsidiaries Banco Popolare di Verona e Novara, Banca Popolare di Lodi
Website www.bancopopolare.it

Banco Popolare (BIT: BP) is an Italian cooperative bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BVPN) and Banca Popolare Italiana (BPI). In June 2009 the company became the first Italian bank to receive state aid from the Government of Italy due to the ongoing financial crisis.[2] It sold €1.5 billion in convertible bonds to the state.[2]

References

  1. ^ a b c d e "Annual Report 2008" (in Italian). Banco Popolare. http://www.bancopopolare.it/dwn/RELAZIONE_FINANZIARIA_ANNUALE_2008.zip. Retrieved 2009-07-04.  
  2. ^ a b Totaro, Lorenzo (19 June 2009). "Popolare to Complete State-Aid Agreement Today, Messaggero Says". Bloomberg. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOACYC4J.1KA. Retrieved 2009-07-04.  

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