Banco BPM

What Banco BPM does

Banco BPM S.p.A. is Italy's third-largest banking group, formed in 2017 from the merger of Banco Popolare and Banca Popolare di Milano, headquartered in Milan and publicly traded on the Milan Stock Exchange under ticker BAMI. The bank operates 1,363 branches across Italy and serves three primary customer tiers: retail consumers, SMEs with turnover under EUR 75 million, and large corporates with turnover above EUR 75 million through a dedicated Corporate Investment Banking division. The company maintains 10,000+ employees and reports EUR 109.9 billion in customer deposits and EUR 129.1 billion in loans at end-2025.

The group's product platform spans current accounts (Conto You, Premiaconto, Conto di Base), credit and prepaid cards (Numia, American Express Verde/Oro/Platino, Carta Prep@id), mortgages (fixed, variable, and green variants), personal loans including Cessione del Quinto distributed through Agos, insurance products, and investment/wealth solutions distributed through Anima mutual funds, Sicav Kairos, and Certificates issued via Banca Akros. Digital infrastructure includes YouApp mobile banking (with voice commands and biometric authentication), YouWeb internet banking, YouBusiness Web/App for SMEs, YouCall phone banking, YouAlert notifications, and the T3 Webank trading platform. Banca Akros serves as the investment banking subsidiary (capital markets, M&A advisory, certificates) and Banca Aletti as the private banking subsidiary.

Revenue mechanics combine net interest income from lending activities (residential mortgages, personal loans, business financing, green financing), fee and commission income from payment services and investment/insurance distribution (47% of total revenues), asset management fees via Anima Holding (acquired 2024, contributing EUR 141 million in fees in 2025), and corporate banking advisory/arrangement fees. FY 2025 total revenues reached EUR 6.0 billion with net income of EUR 2.08 billion, supported by a CET1 ratio of 13.76%, cost-to-income ratio of 46%, and gross NPE ratio of 2.1%.

Name

Banco BPM

Legal name

BANCO BPM GRUPPO BANCARIO

Website

https://bancobpm.it

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Banco BPM is Italy's third-largest banking group, formed in 2017, serving retail consumers, SMEs, and corporates through 1,363 branches and digital platforms including YouApp and YouWeb. It operates subsidiaries Anima (asset management), Banca Akros (investment banking), and Banca Aletti (private banking).

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

Commercial Banks, Nec (6029), State Commercial Banks (6022)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Sector/Specialty Banking (Vertical-focused: Healthcare, Agri, Tech, etc.) (FSABABAI), Consumer & Retail (CPG, Food, Apparel) (FSABACAM)

Keywords

• Retail banking services
• Corporate investment banking
• Mortgage lending
• Wealth management
• Digital banking

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Net Interest Income: Interest income from mortgage loans, personal loans, business financing, and other credit products minus interest paid on deposits. Core banking revenue stream from lending activities including residential mortgages (Mutui Casa), personal loans (Prestiti Versatilo up to 50,000 euros), business loans, and green financing. Represents the primary revenue driver alongside fee income.
2. Fee and Commission Income: Fees from payment services (cards, POS, transfers), account management, investment products distribution (funds, insurance), and trading services. Includes net fees from Anima Holding asset management acquisition contributing 141 million euros in fees, representing 47% of total revenues as part of business model diversification. Growing contribution from investment and insurance product distribution through bank branches.
3. Asset Management and Wealth Management: Distribution of mutual funds (Fondi Anima, Sicav Kairos), insurance investment products (BANCO BPMVITA Club, VERA VITA, BBPM Life), pension products, and wealth management services (Patrimonio Personal). Revenue from management fees and product distribution commissions. Enhanced by 2024 acquisition of Anima Holding for asset management capabilities.
4. Bancassurance: Distribution of insurance products including property insurance (CASApiùFAMIGLIA), life and protection insurance, accident coverage, health insurance (SALUTEpiùBENESSERE), auto insurance, and credit protection insurance embedded in lending products.
5. Corporate and Investment Banking Services: Services for large corporates including structured finance, project finance, global transaction banking, trade and export finance, merger and acquisition advisory, equity capital markets, debt capital markets, and securitization. Revenue from advisory fees, arrangement fees, and ongoing service relationships with corporate clients.
6. Trading and Securities: Online trading platform (T3 Webank) for equities, derivatives, and other financial instruments with real-time push notifications and advanced trading features. Revenue from trading commissions and platform fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels5 records

Core offering

Banco BPM is Italy's third-largest banking group, formed in 2017 from the merger of Banco Popolare and Banca Popolare di Milano. It provides retail banking, SME banking, and corporate investment banking services through 1,363 branches across Italy, complemented by digital platforms (YouApp, YouWeb, YouBusiness), telephone banking (YouCall), and trading platforms. Product lines include current accounts, debit/credit/prepaid cards, mortgages, personal and business loans, mutual funds, insurance, leasing, trade finance, and investment banking advisory.

Product overview

Banco BPM is Italy's third-largest banking group, formed from the 2017 merger of Banco Popolare and Banca Popolare di Milano. The group operates as a multi-channel, multi-product financial services platform organized around four main segments: Retail Banking (Privati), SME Banking (Imprese), Corporate Investment Banking, and the Third Sector. The Retail segment offers a comprehensive suite of deposit accounts (Conto You, Premiaconto, Conto di Base), credit cards (Numia, American Express), prepaid cards, debit cards, mortgages (Mutuo Tasso Fisso Finito Green, MutuoYou Giovani), personal loans (Prestito Versatilo, Cessione del Quinto via Agos), and insurance (life, health, home, auto). The Digital Banking layer is anchored by YouApp (mobile app), YouWeb (internet banking), YouBusiness Web/App (business platforms), and YouCall (phone banking). Investment and wealth management products include Anima mutual funds, Sicav Kairos, Patrimonio Personal, Certificates (via Banca Akros), and Bancassurance products (BANCO BPMVITA Club, Vera Vita). The Corporate Investment Banking division provides structured finance, global transaction banking, M&A advisory, and capital markets services. Subsidiaries include Banca Akros (investment products) and Banca Aletti (wealth management). The bank also supports the Third Sector through dedicated accounts, insurance, and a crowdfunding platform.

Differentiator

Problem solved

Functional benefit

Brands

• YouApp: Mobile banking application with voice commands and biometric authentication
• YouWeb
• Conto You
• Banca Akros
• Banca Aletti
• Fondi Anima

Products and services

• Conto You Zero-fee current account for retail customers with free debit card issuance, unlimited SEPA online transfers, and no account maintenance charges.
• Premiaconto Premium current account for demanding retail customers at €8.50/month including securities custody, home and mobile banking, and preferential card pricing.
• Conto Let's Bank Zero-fee youth bank account for customers aged 12 to 17 supporting financial education and independent money management.
• Brucoconto Savings booklet account for children aged 0 to 11 with zero management costs, helping families build savings from birth.
• Conto di Base Basic bank account offering essential banking services at a discounted monthly fee for low-activity customers.
• Carta Numia Debito Internazionale International debit card accepted globally via Mastercard and Visa circuits for online purchases, mobile payments, and ATM withdrawals with app-based management.
• Carta Numia Debito Nazionale National debit card for domestic transactions on the Bancomat network with contactless functionality, free withdrawals, and SMS alerts.
• Numia Credit Classic Credit card with up to €5,200 credit limit, contactless functionality, mobile wallet compatibility, and PIN delivery via SMS.
• Carta di Credito Verde American Express American Express credit card for everyday spending with fraud protection, purchase rewards, and 24/7 customer service.
• Carta di Credito Oro American Express Premium American Express card offering Priority Pass lounge access, annual €50 travel voucher, purchase protection, and lifestyle benefits.
• Carta Platino American Express High-end American Express card with Priority Pass Prestige, Fast Track airport services, and extended insurance coverage for family members.
• Carta Prep@id by Banco BPM Reloadable prepaid card with up to €10,000 balance, usable worldwide on Mastercard circuit with IBAN for direct deposits and mobile wallet compatibility.
• Mutuo Tasso Fisso Finito Green Fixed-rate green mortgage with rate confirmed at application and maintained throughout the loan term, supporting energy-efficient properties.
• Mutuo Tasso Variabile Green Variable-rate mortgage tracking market interest rates, with rate savings for properties with high energy efficiency ratings.
• MutuoYou Giovani Tasso Fisso Under 36 Fixed-rate first-home mortgage for applicants under 36 with financing up to 100% of property value and interest savings for energy-efficient homes.
• Prestito Versatilo Flexible personal loan up to €50,000 repayable over up to 10 years with digital signature available in branch.
• Cessione del Quinto dello Stipendio (Agos) Salary-backed personal loan repaid via automatic deduction from payroll, capped at one-fifth of net monthly salary, distributed through Agos partnership.
• Fondi Anima Mutual funds managed by Anima offering diversified portfolio access across global markets with professional management and sustainable investment options.
• Sicav Kairos Variable capital investment company funds providing access to sophisticated financial instruments distributed through Banco BPM.
• Patrimonio Personal Fund range by Banco BPM and Anima for goal-based portfolio management with simple and customizable investment solutions.
• Certificates Structured certificates issued in collaboration with Banca Akros providing access to underlying assets with predefined risk-return profiles.
• Polizza CASApiùFAMIGLIA Modular home insurance covering fire, natural disasters, theft, and household incidents with seven customizable coverage modules.
• Polizza SALUTEpiùBENESSERE Health insurance covering medical expenses for prevention, diagnosis, treatment, and recovery at top healthcare facilities.
• BANCO BPMVITA Club Whole life insurance policy with minimum single premium of €200,000 investing in two separate fund portfolios with no entry fees.
• YouBusiness EASY Entry-level business current account for SMEs with turnover below €75 million offering essential banking services.
• YouBusiness FULL

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature8 records

Partnerships

14 partnerships are on record, tiered minor and core.

• AMCO (Asset Management Company)minorStrategic or Co-development Partner · 17 June 2026Banco BPM is evaluating a joint bid for BFF Bank alongside AMCO, a state-controlled asset management vehicle overseen by Italy's Ministry of Economy and Finance. Under the proposed structure, Banco BPM would absorb BFF's custodian banking and payment services divisions while AMCO would acquire its public administration factoring business. The proposed deal is a break-up acquisition and remains at an exploratory stage.
• EsaprominorOthersEsapro, a solar contractor, acquired 70% stake in Italian solar developer REN Electron. The acquisition was completed alongside an expansion of Esapro's bank financing facilities provided by Intesa Sanpaolo and Banco BPM to refinance REN Electron's debt and support future growth. Following the transaction, Esapro expects to exceed EUR 100 million in revenue in 2025.
• PLT EnergiaminorOthersPLT Energia secured financing of EUR 159.1 million led by Banco BPM as the lead bank in a pool of banks providing the funding for PLT Energia's projects and expansion plans.
• Siparex ETIminorOthersFrench private equity fund Siparex acquired 65% majority stake in ATK Sports, an Italian ski mountaineering bindings manufacturer. The acquisition was partially funded by a banking pool including Banco BPM, BNL, and Banca Sella. ATK Sports reported 2025 revenues of nearly EUR 19 million and EBITDA of EUR 6.3 million.
• GogliominorOthersGlobal packaging company Goglio secured a 40 million euro loan divided into 30 million euros for investment costs and 10 million euros for international expansion. The loan was provided by a banking pool including Banco BPM, Bper, Intesa Sanpaolo, and UniCredit, with operation assisted by Sace guarantees.
• Gruppo GrimaldiminorOthersGrimaldi Euromed, subsidiary of Gruppo Grimaldi, secured 55 million euro, 10-year financing from Banco BPM for partial coverage of acquisition of new PCTC vessel Grande Inghilterra, currently under construction in China with delivery expected in spring 2026. Part of broader 1.6 billion dollar investment program for 17 new car carriers.
• Moncada Energy GroupminorOthersMoncada Energy Group obtained 41.2 million euro financing from Banco BPM and BPER for a photovoltaic plant in Agrigento.
• LeonardominorOthersLeonardo received 450 million euro buyer's credit financed by a bank pool led by UniCredit, Crédit Agricole, and Banco BPM for Nigeria aircraft order including 8.9 million euro SACE premium, scheduled to be repaid by 2037.
• AbenexminorOthersAbenex, a France-based pan-European private equity fund, acquired majority stake in Zato S.p.A. (metal recycling equipment manufacturer) with financing from a banking pool including Banco BPM, Intesa Sanpaolo, Banca Monte dei Paschi, Deutsche Bank, Banca Sella, and funds from Generali Asset Management.
• AlmavivaminorOthersAlmaviva (parent company) acquired additional shares of Almawave (AI and Big Data services company) through Banca Akros (Banco BPM group) at maximum 4.30 euros per share as part of voluntary public takeover bid for delisting Almawave from Euronext Growth Milan. Almaviva increased stake to 79.52% through market purchases.
• Numia (payment services group)minorOthersNumia is a major payment services group in Italy where FS Holdings, Iccrea, and Banco BPM are significant stakeholders. Numia handles around 100 billion euros worth of transactions annually.
• Anima HoldingcoreOthersBanco BPM completed acquisition of Anima Holding in 2024, integrating asset management capabilities. Anima contributed 141 million euros in fees during 2025 and represents a key element of business model diversification with non-interest income representing 47% of total revenues. The acquisition was subject to regulatory scrutiny regarding the 'Danish Compromise' capital treatment.
• Banca Akros (subsidiary)coreTechnology or IntegrationBanca Akros is Banco BPM group's investment bank and securities house subsidiary providing certificates, investment products, and M&A advisory services. Operates the certificates platform available through the bank.
• Banca Aletti (subsidiary)coreOthersBanca Aletti is Banco BPM group's private banking and wealth management subsidiary offering personalized investment services for affluent clients.

Scale indicators42 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• UniCredit: Italy's largest banking group by assets, offering universal banking across retail, SME, corporate, and investment banking segments. Directly comparable to Banco BPM in retail and SME banking, and pursued Banco BPM with a hostile takeover bid in 2024-2025 that was blocked by the Italian government.
• Intesa Sanpaolo: Italy's second-largest banking group with a comprehensive universal banking model across retail, corporate, and investment banking. Directly competes with Banco BPM across Italian retail and SME segments and is currently pursuing Monte dei Paschi di Siena, positioning as a rival consolidation player in Italian banking.
• Banca Monte dei Paschi di Siena: Italy's fourth-largest bank with deep roots in Tuscan and Southern Italian retail and SME banking. Subject of competing takeover bids from Banco BPM (merger of equals) and Intesa Sanpaolo (EUR 30.6 billion cash-and-share offer), making it the most directly comparable consolidation counterpart.
• BPER Banca: Italian commercial bank focused on SME and retail banking across Northern and Central Italy with growing asset management capabilities. Directly comparable in SME lending focus, branch-based distribution, and participation in Italian banking pool financings alongside Banco BPM.
• Banca Mediolanum: Italian retail-focused bank with strong direct-to-consumer digital distribution and bancassurance model. Comparable to Banco BPM's retail segment and digital banking approach (YouApp/YouWeb), though with a more affluent-customer focus and stronger insurance distribution.
• Credito Emiliano (Credem): Italian regional commercial bank headquartered in Emilia-Romagna with strong SME and retail banking franchise. Comparable to Banco BPM in its territorial banking roots, relationship-based SME lending model, and Italian-only geographic footprint.
• Banca Popolare di Sondrio: Italian regional cooperative bank serving Northern Italy with retail, SME, and corporate banking services. Comparable to Banco BPM in its territorial commercial banking heritage, relationship-based customer model, and cooperative/regional bank DNA from the Banco BPM predecessor entities.
• Mediobanca: Italian investment bank with leading corporate finance, capital markets, and wealth management businesses. Comparable to Banco BPM through its Banca Akros subsidiary for investment banking, securities, and capital markets activities serving Italian corporates.
• Crédit Agricole Italia: Italian subsidiary of French banking group Crédit Agricole S.A., itself Banco BPM's largest shareholder. Comparable across Italian retail, SME, and corporate banking, and the most likely integration partner should Credit Agricole increase its stake toward 30-35% under ECB approval.

Broad incumbents

• ICCREA Banca: Italian cooperative banking group serving the BCC (banche di credito cooperativo) network with central banking, corporate, and investment banking services. Comparable to Banco BPM in its SME focus and Italian territorial banking model, but operating through a cooperative network rather than proprietary branches.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks2 records

Key highlights8 records

Customer concentration

• Xx.com/bancobpmspa
• Facebookfacebook.com/BancoBPM

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds6 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments62 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banco BPM