BPER Banca S.p.A., founded in 1867 and originally named Banca Popolare di Modena, transformed its legal status and changed its name from Banca popolare dell’Emilia Romagna cooperative company, further to the resolution of the Extraordinary Shareholders’ Meeting of 26 November 2016, with effect from 28 November 2016. In 1973 the Bank began a process of growth through the merger of several banks in the Emilia-Romagna area, until it achieved a significant size in the region. In 1992 the BPER Group was created. In 1994, the growth process continued through the acquisition of some local banks and BPER became a national player. The Bank is the Parent Company of the BPER Banca S.p.A. Group which at 30 September 2016 comprises five Italian banks (including the Parent Company itself), one foreign bank and thirteen subsidiaries which are subject to the Parent Company’s control and coordination activities further to art. 61 of Legal Decree 385/1993 (CBA). The BPER Group operates through territorial banks (regional and interregional), covering 18 Italian regions, with a network of over 1.100 branches. Its services include collection of deposits and savings and lending to customers under different technical forms, meeting the needs of and granting support to private clients and SMEs. The BPER Group, which is the fifth largest banking group in Italy in terms of the number of branches, operates in all the main market segments through subsidiaries or joint ventures: Corporate & Investment Banking, Wealth Management & Insurance, Leasing, Factoring and Consumer Credit. Moreover it provides assistance to its customers on foreign markets.
|Market Segment||Euronext Milan|
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