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 The FTSE Italia Mid Cap is a stock market index for the Borsa Italiana, the main stock exchange of Italy. It is one of the indices in the FTSE Italia Index Series. Components The index consists of listings See also * FTSE MIB The F ...

Index.

History

Banca Popolare di Sondrio was an urban cooperative bank found in 1871. Along with

Credito Valtellinese Credito Valtellinese (Creval) is an Italian bank based in Sondrio, Lombardy, Italy. The company was a former component of FTSE Italia Mid Cap Index of the Borsa Italiana (Milan Stock Exchange), but was removed and added as a component of Index in ...

, 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 ARCA or Arca may refer to: Companies * Arca-Filmproduktion GmbH, the German film production company of Gero Wecker * Arca Fondi SGR, Italian asset management company * Arca South, an industrial estate in the Philippines * ARCAspace, an aeros ...

and

Istituto Centrale delle Banche Popolari Italiane Nexi S.p.A. formerly known as Istituto Centrale delle Banche Popolari Italiane S.p.A. (ICBPI) is an Italian bank that specialises in payment systems such as Nexi Payments (formerly known as CartaSi). The bank was specialised as a central institu ...

(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 Demutualization is the process by which a customer-owned mutual organization (''mutual'') or co-operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, memb ...

. However, it was held due to an appeal to the court. In September 2017 the bank announced that, they acquired Banca della Nuova Terra.

Equity interests

* ARCA SGR

References

External links

* Companies based in Sondrio Banks established in 1871 Italian companies established in 1871 Cooperative banks of Italy Banks under direct supervision of the European Central Bank {{Italy-bank-stub