Banca Popolare di Milano
HistoryThe second cooperative bank in Italy (the first one was the Banca Popolare di Lodi), it was founded in 1865 in Milan
Milan is the second-largest city in Italy and the capital city of the region of Lombardy and of the province of Milan. The city proper has a population of about 1.3 million, while its urban area, roughly coinciding with its administrative province and the bordering Province of Monza and Brianza ,...
by Luigi Luzzatti
Luigi Luzzatti was an Italian political figure and served as the 31st Prime Minister of Italy between 1910 and 1911...
, who later served as the nation's Prime Minister. Luzzatti drew his inspiration from the 'credit associations' developed by Hermann Schulze-Delitzsch in Germany a decade earlier.
BPM has grown considerably since the 1950s by buying interests in other banks such as Banca Popolare di Roma, la Banca Briantea, Banca Agricola Milanese, Banca Popolare Cooperativa Vogherese, Banca Popolare di Bologna e Ferrara, Banca Popolare di Apricena, Ina Banca, Cassa di Risparmio di Alessandria and Banca di Legnano.
BPM TodayBPM now employs about 9,000 people in 792 branches and it has about 1,4 million customers. The bank works basically in the northern and central regions of Italy, with a strong presence in Lombardia and Piemonte, but also in Lazio and Puglia.
In 1999 Banca Popolare di Milano opened the online banking service called WeBank
WeBank is an Italian online bank owned by Banca Popolare di Milano.It's one of the first home banking service founded in Italy in 1999. Ten years later, in 2009, from an internal structure of Banca Popolare di Milano, it become an independent firm, 100% owned by BPM.It counts over 80.000 customers....
, become a bank apart in 2009.