| People's Bank of Sondrio | |
| Native Name: | Banca Popolare di Sondrio |
| Native Name Lang: | it |
| Type: | Listed cooperative |
| Founded: | 1871 |
| Founders: | --> |
| Hq Location City: | Sondrio |
| Hq Location Country: | Italy |
| Area Served: | Northern Italy, Switzerland |
| Revenue: | $1.5 billion |
| Revenue Year: | 2023 |
| Net Income: | $264.1 million |
| Net Income Year: | 2023 |
| Assets: | $61.7 billion |
| Assets Year: | 2023 |
| Equity: | €2,221,418,922 |
| Equity Year: | 2014 |
| Ratio: | 15.7% (Tier 1)[1] |
Banca Popolare di Sondrio S.C.p.A. (BPSO) is an Italian bank based in Sondrio, Lombardy. The company is included in FTSE Italia Mid Cap Index. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[2] [3]
Banca Popolare di Sondrio was an urban cooperative bank found in 1871. Along with Credito Valtellinese, they were the major banks inside the Province of Sondrio.
The bank also owned equity interests in several companies that provide services to the bank, such as Banca Italease (4.252% on 30 June 2009), Arca Vita and Istituto Centrale delle Banche Popolari Italiane (2%).
In 2009–11 Banca Italease was dismantled. BPSO acquired 20.95% stake in Alba Leasing as well as 60.5% stake in Factorit.
Due to Decree-Law N°3/2015, the bank would be demutualized. However, it was held due to an appeal to the court.
In September 2017 the bank announced that, they acquired Banca della Nuova Terra.[4]
In March 2024, the company launched a €200 million subordinated bond repurchase programme maturing on 30 July 2029.[5]