Banca Popolare di Cortona

What Banca Popolare di Cortona does

Banca Popolare di Cortona S.C.p.A. is an Italian cooperative bank (Società Cooperativa per Azioni) founded on 9 April 1881 in Cortona by Girolamo Mancini, within the Italian cooperative credit movement inspired by Luigi Luzzatti. It is registered with the Albo delle Banche Autorizzate (matr. 506.6.0), the Albo Società Cooperative a mutualità non prevalente (n. A161233), and the Registro delle imprese di Arezzo (ABI code 05496), and operates under Banca d'Italia prudential supervision. The bank runs a tightly clustered network of 10 branches and ~14 ATMs across the Valdichiana (Cortona, Camucia, Terontola, Castiglion Fiorentino, Foiano della Chiana, Monte San Savino, Arezzo, Mercatale, Pozzo della Chiana) and Umbria (Perugia, Città di Castello), serving households, professionals, small businesses and public entities (Tesorerie Enti). Its ordinary shares have traded on multilateral trading facilities since December 2018 (Hi-MTF Order Driven, then Vorvel Equity Auction from January 2024).

The product offering spans current accounts (including Conto Giovani 0–12 and 18–26), mortgages and personal/corporate lending (Mutui, Prestiti, Finanziamenti, Leasing including Sabatini subsidized financing), payment cards (CartaSi Classic/Oro/Platinum, Business, Corporate via Nexi), Apple Pay, Nexi Smart POS acquiring, certificates of deposit, investment gold ('BPC | IGE Gold'), and wealth/asset management (Gestioni Patrimoniali). Insurance and pension distribution is conducted in partnership with Arca Vita and Arca Assicurazioni (Unit Linked with Conservative/Balanced/Flexible/Dynamic/Aggressive profiles and Life Cycle). The digital stack — VB@nk/Inbank internet and mobile banking, FEA Grafometrica electronic signature on tablets in branch, BDO Digitalroom whistleblowing portal, and Dedagroup Tesoreria Enti platform — is supplied by third-party vendors rather than built in-house.

Revenue is generated primarily through net interest income on lending, recurring account service fees and commissions, merchant acquiring transaction fees (with 5 bps discount on transactions ≤€30 and zero commission on micropayments ≤€10 per the September 2023 ABI protocol), insurance distribution commissions, and asset-management fees on Gestioni Patrimoniali. From 2021 onward, the bank has added a strategic-minority-investment book spanning Netfintech/Change Capital (entered 2021, partially exited to TeamSystem in June 2024), Cryptosmart SpA (17.6% stake by February 2026), Metriks AI SpA, IGE GOLD SpA, Meta Srl and Città del Cioccolato, generating investment income and signaling experimentation in fintech, crypto, AI and experience-economy adjacencies.

Name

Banca Popolare di Cortona

Legal name

Banca Popolare di Cortona S.C.p.A.

Website

https://popcortona.it

Company type

Private

Founded year

1881

Operating status

Operating

Short description

Banca Popolare di Cortona is an Italian cooperative bank (Società Cooperativa per Azioni), founded 1881 in Cortona, operating 10 branches across Valdichiana and Umbria. It serves retail customers, small businesses and public entities with deposits, lending, payment cards, wealth management, insurance distribution and treasury services.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099), Finance Services (6199)

akta.pro primary industry

Retail Wealth & Bancassurance Distribution (Investment & Insurance via Bank) (FSABAAAJ)

akta.pro secondary industry

Deposit Operations (Account Maintenance, Fees, Reconciliations) (FSABALAE)

Keywords

• Retail banking services
• Cooperative bank lending
• Mortgage and personal loans
• Wealth management services
• Merchant payment acquiring

Headquarters

HQ city

Cortona

HQ country

Italy

HQ region

Europe

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net interest income on lending: Primary revenue driver: interest margin on mortgages (mutui ipotecari), personal loans (prestiti personali), unsecured business loans (finanziamenti chirografari), consumer credit (credito al consumo), and salary/pension-backed loans. Lending rates are TAN-based with optional fixed, variable or mixed rates indexed to Euribor plus spread, plus ISC/TAEG disclosed to clients.
2. Account service fees and commissions: Recurring fees on current accounts (conto corrente): commissioni per invio estratto conto, liquidazione periodica trimestrale, spese per operazione, commissione di massimo scoperto, imposta di bollo where applicable, plus one-off spese di estinzione c/c. Capitalizzazione trimestrale delle competenze.
3. POS acquiring and payment processing commissions: Commission income on merchant POS services for card payments (PagoBancomat, Visa, Mastercard, JCB, Maestro, Amex, Diners), offered in collaboration with Nexi Payments SpA. Per September 2023 protocol: 5 bps discount on merchant fees for transactions up to €30 and zero commission on micropayments (≤€10) for merchants with turnover up to €400k and transato below €200k.
4. Insurance distribution commissions: Distribution fees on Arca Vita and Arca Assicurazioni policies (life, RC Auto, home, family protection) sold through BPC branches, including Arca Vita Unit Linked pension/prodotti previdenziali with life-cycle option.
5. Wealth management / Gestioni Patrimoniali fees: Asset management fees from Gestioni Patrimoniali and investment services (servizi di investimento) offered through BPC branches, with documented investment services disclosures (informativa precontrattuale) under Consob regulation.
6. Investment income from equity participations: Income from strategic equity stakes held by the bank, including a 17.6% stake in Cryptosmart SpA (Perugia crypto exchange), IGE Gold SpA (investment gold), Netfintech Srl (Change Capital), Metriks AI SpA (IPO adhesion), and Meta Srl.
7. Gold investment product (IGE Gold): Sales/income from investment gold products distributed via the 'Banca Popolare di Cortona | IGE Gold' offering (oro da investimento).
8. Treasury services for public entities (Tesorerie Enti): Service fees on treasury and cash management services for public entities, delivered via the Dedagroup Tesoreria platform (https://www.ten.dedagroup.it/tesoreria-auth/Login.jsp?codsoc=05496).

Pricing tiers

Go-to-market motion4 records

Core offering

Banca Popolare di Cortona is a cooperative bank offering retail and small-business banking services to households, professionals, businesses and public entities in the Valdichiana (Tuscany) and Umbria regions. Its core offering centres on a checking account (Conto Corrente) wrapped by lending products (mortgages, personal loans, corporate financing, leasing), payment instruments (PagoBancomat and CartaSi cards, Apple Pay, Nexi Smart POS for merchants), wealth management (Gestioni Patrimoniali, certificates of deposit, IGE Gold investment gold), and insurance and pension products distributed in partnership with Arca Vita and Arca Assicurazioni. Digital services (Inbank / VB@nk 24/7 internet banking, FEA Grafometrica electronic signature in branch) and a treasury service for public entities (Tesorerie Enti via Dedagroup) complete the proposition.

Product overview

Banca Popolare di Cortona is a local Italian cooperative bank (Società Cooperativa per Azioni) founded in 1881, offering a portfolio of retail (privati) and corporate (aziende) banking products rather than a single unified product. Its offering is structured around a core checking account (Conto Corrente) — including youth variants (Conto Giovani) and online account management via the VB@nk/Inbank Internet Banking platform — surrounded by lending products (Mutui, Prestiti, Finanziamenti, Leasing), payment instruments (Carte di Pagamento including CartaSi Business Oro, Apple Pay, and Nexi Smart POS for merchants), wealth management and savings products (Gestione del Risparmio, Gestioni Patrimoniali, Certificati di Deposito, IGE Gold investment gold), insurance and pension products distributed in partnership with Arca Vita and Arca Assicurazioni (Assicurazioni, Previdenza), and institutional/corporate services (Tesorerie Enti via Dedagroup, Internal Dealing, ESG/SFDR compliance, Whistleblowing). Digital services layer on top of these products, including the FEA Grafometrica (advanced electronic signature on tablet) and 24/7 channels; the bank is also expanding into fintech/crypto through equity stakes in Cryptosmart, Netfintech/Change Capital, Meta Srl, Metriks AI and IGE GOLD.

Differentiator

Problem solved

Functional benefit

Products and services

• Conto Corrente (Current Account) A bank current account contract providing payment, deposit and credit services for individuals (privati) and businesses (aziende). It supports wire transfers, direct debits, PagoBancomat, credit card charges and is the central hub for the customer's relationship with the bank.
• Mutui (Mortgages) Medium-to-long term mortgage loans secured by real estate (ipoteca), with fixed, variable or mixed rates, with or without specific purpose (acquisition, construction, renovation), repaid through periodic installments of capital and interest, targeted at retail customers buying or renovating property.
• Prestiti (Personal Loans) Personal loan product whereby the bank disburses a fixed sum to the customer, repaid through an amortization plan at fixed or variable rates, typically in monthly installments, optionally backed by insurance covering death, job loss, accident and disability. Targeted at retail customers with personal financing needs.
• Carte di Pagamento (Payment Cards) Debit and credit cards (CartaSi Classic, CartaSi Oro, CartaSi Platinum, CartaSi Business, Business Oro, Corporate, Corporate Oro) issued through Nexi/CartaSi infrastructure, with emergency replacement and 24/7 blocking services, for retail and corporate customers of the bank.
• Gestione del Risparmio / Gestioni Patrimoniali (Wealth Management) Asset management and savings services including certificates of deposit, securities custody and personalised asset management (Gestioni Patrimoniali), combined with Arca Vita Unit Linked insurance products with multiple risk profiles (Conservative, Balanced, Flexible, Dynamic, Aggressive) and Life Cycle options. Targeted at retail and private customers with savings and investment needs.
• Assicurazioni (Insurance) Distribution of Arca Vita and Arca Assicurazioni insurance products, including life and casualty coverage (Zero Pensieri, Ti Indennizzo New, ARCAVENTI4, Ripara Casa New, Inauto, Incasa, Infamiglia) covering life, home, family and vehicle risks, with claims managed through the Arca Inlinea contact centre. Targeted at retail and family customers of the bank.
• Previdenza (Pension and Retirement Plans) Supplementary pension products distributed through Arca Vita, including Unit Linked products with profile-switching and Life Cycle programmed-switch features that adjust the investment profile over time as retirement approaches. Targeted at retail customers planning for retirement.
• Leasing Leasing services offered by the bank to corporate clients (aziende) for the financing of capital goods and equipment.
• Finanziamenti (Corporate Financing) Corporate financing for businesses, including chirographary loans (finanziamenti chirografari) and subsidised financing under the Sabatini Law for investment in capital goods, aimed at SME and corporate clients (aziende) of the bank.
• POS (Nexi Smart POS) 24/7 point-of-sale service enabling merchants to accept payments via debit and credit cards (PagoBancomat, Visa, Mastercard, JCB, Maestro, American Express, Diners). Multiple terminal types are available (Traditional, Cordless, GPRS/GSM), plus Virtual POS (CartaSi) and the Perseo self-management portal by CIM-Italia / KeyClient. Targeted at SME merchants in the bank's territory.
• VB@nk / Inbank Internet Banking Online home-banking service active 24/7, allowing individuals, families, businesses and professionals to view balances and movements, check the status of issued cheques and securities holdings (nominal value, quantity, quotations), and execute wire transfers and giroconti. Delivered via the Inbank multichannel platform.
• Tesorierie Enti (Entity Treasury Service) Treasury management service for public entities (municipalities and public bodies), delivered through the Dedagroup Tesoreria Enti online platform, supporting cash, payment and collection management.
• FEA Grafometrica (Advanced Electronic Signature) Advanced electronic signature service using a tablet and digital pen, allowing customers to sign operational and contractual documentation electronically in branch, compliant with the Codice dell'Amministrazione Digitale. Signed documents and receipts remain accessible via the customer's home banking.
• IGE Gold (Investment Gold) Investment gold (oro da investimento) offering branded 'Banca Popolare di Cortona | IGE Gold', distributed to retail and private customers of the bank, supported by BPC's equity participation in IGE GOLD SpA.
• Certificati di Deposito (Certificates of Deposit) Bearer certificates of deposit issued by the bank, capitalising interest at maturity based on the binding duration, with fixed nominal annual rate net/gross of withholding tax.
• CartaSi Business Oro (Business Gold Credit Card) Top-tier business credit card offering a high spending limit, expense categorisation, dedicated call centre for theft/loss, partial fraud coverage, free insurance (theft of purchased goods, theft/snip of withdrawn cash, lost luggage, sports injuries, car rental accidents, flight delays) and exclusive Eurochange Business Centre services at Milan Malpensa and Turin. Targeted at SME / business clients of the bank.
• BPC Conto Giovani (Youth Accounts 0-12 and 18-26) Bank accounts designed for children (0-12) and young adults (18-26), combining savings management, prepaid credit card, internet banking and partnership offers providing discounts and benefits. Targeted at youth customers and their families.

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature5 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Banca Popolare di Sondrio: Italian cooperative-popular bank (banca popolare) with a similar retail/SME relationship-led model and a multi-regional branch footprint in northern and central Italy; directly comparable governance, MTF-listed shares and customer base dynamics.
• Banca Popolare dell'Alto Adige (Volksbank): Cooperative-popular bank focused on a defined regional territory (Südtirol/Trentino); same legal form (banca popolare SCpA), similar community-led GTM, comparable size and reliance on local deposits.
• Banca Popolare Pugliese: Southern Italian cooperative-popular bank with a regional retail/SME franchise; structurally comparable in scale, product set (mortgages, accounts, cards via Nexi/CartaSi) and reliance on local trust.
• Banca Carige: Regional Italian bank with concentrated geographic exposure and a retail/SME focus; comparable size, similar historical NPL clean-up story and recent restructuring dynamics.
• Banca Popolare di Bari: Southern Italian cooperative-popular bank rescued in 2020; near-identical legal form, similar community/territorial mission and comparable scale, with a recent capital injection that BPC has not required.
• Banca Cambiano 1884: Small Tuscan cooperative bank (banca popolare) founded in 1884 with a tightly regional retail/SME franchise; one of the closest direct comparables to BPC by scale, age and territorial focus.

Broad incumbents

• Banca Monte dei Paschi di Siena: Large Tuscan-rooted universal bank; overlapping Tuscan retail and corporate customer base, but operating at national scale with full capital-markets access that BPC lacks.
• Credito Valtellinese (now part of BPER group): Regional Italian bank historically focused on Lombardy and northern SMEs; similar regional-bank economics and product mix prior to BPER integration.
• BPER Banca: Mid-sized Italian universal bank with a deep central/northern regional branch network; broader product set and balance sheet but overlapping target segments in SMEs and households.

Regional players

• Cassa di Risparmio di Firenze (Intesa Sanpaolo): Tuscan heritage bank now part of Intesa Sanpaolo; competes with BPC for retail and SME customers in Arezzo/Florence corridors, illustrating the competitive pressure from larger incumbents.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Banca Popolare di Cortona