BANCO POPOLARE GROUP

On October 15th, 2006, the Board of Directors of Banco Popolare di Verona e Novara and Banca Popolare Italiana agreed to merge the two institutions to create BANCO POPOLARE.

On March 10th, 2007 the shareholders of the two entities approved the merger plan and the creation of BANCO POPOLARE effective July 1st, 2007. The merger gave birth to the largest domestic co-operative bank and the third largest Italian banking group by market capitalisation and by branch network (approx. 2,200 branches, over 3 million customers) with a unique distribution network characterised by remarkable geographic complementarities, negligible branch overlap and a deeply rooted presence in their respective home territories, especially in the wealthy northern regions. 

One of the goals of the new group in terms of domestic leadership ambitions and European scale is to become the 3rd largest Italian player and 25th European player per Market Capitalisation.

Treasury transactions are currently carried out by Banca Aletti & C., which acts as a division in charge of the management of  the market risk and finance activities  of Banco Popolare Group and is active in all the following markets:  Forex, Money Market, Equity & Fixed Income, Derivatives & Structured products.
The only exception is represented by  Forex  and  Money  Market  transactions with maturity  up to 14 days, which are handled also by Banco Popolare.

International commercial transactions are currently carried out by the following subsidiaries of BANCO POPOLARE, most of which hold direct account relationships with correspondent banks:

The management of BANCO POPOLARE Group’s relationships with financial institutions is centralised at parent bank level.  The contact details of the correspondent banking department of BANCO POPOLARE  are published on the website www.bancopopolare.it, in the section “Correspondent Banking”.