# Banco BPM

> Source: https://docs.barcoder.ai/docs/wallets/banco-bpm
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Banco BPM — official](https://www.bancobpm.it/)

## Overview

**Banco BPM** is **Italy's third-largest bank** + **survived 2025 UniCredit ~€10-15B takeover bid + Italian government "Golden Power" intervention + Jul 23 2025 UniCredit bid withdrawal** <sup>[1][1], [2][2], [Italy report](https://docs.barcoder.ai/docs/payments/IT)</sup>. **Late 2024**: UniCredit offered to buy Banco BPM for ~€10B; 2025: Italian government exercises "Golden Power" provision (Apr 2025; national security concerns due to UniCredit's operations in Russia); Jun 19 2025: European Commission approves UniCredit's acquisition "subject to conditions"; Jul 14 2025: Italian administrative court annulled two government demands while confirming UniCredit must exit Russian business + keep unchanged domestic investments at Banco BPM's newly acquired asset manager Anima Holding SpA; Jul 23 2025: **UniCredit withdraws ~€15B ($17B) bid for Banco BPM**, blaming Italy's government "Golden Power" intervention.

**Distinctive Banco BPM positioning** <sup>[1][1], [2][2], [3][3], [4][4]</sup>:
- **Italy's third-largest bank**
- **Survived 2025 UniCredit ~€10-15B takeover bid + Italian government "Golden Power" intervention + Jul 23 2025 UniCredit bid withdrawal** — distinctive Italian banking M&A drama
- **Jan 1 2017 Banco Popolare + BPM (Banca Popolare di Milano) merger** → **Banco BPM** formal incorporation — distinctive Italian banking consolidation
- **YouApp by Banco BPM** distinctive Italian banking app
- **Banco BPM Anima Holding SpA asset manager acquisition** (Banco BPM 2025 acquisition; distinctive Italian asset management consolidation; central to UniCredit + Italian government dispute)
- **Distinctive Italian "Golden Power" national security provision** invoked by Italian government to block UniCredit Banco BPM takeover (citing UniCredit Russian operations national security concerns)

## History

**1865 — Banca Popolare di Milano (BPM) founded** in Milan, Italy.

**1867 — Banco Popolare predecessor founded** in Italy.

**Jan 1 2017 — Banco Popolare + BPM (Banca Popolare di Milano) merger** → **Banco BPM** formal incorporation — distinctive Italian banking consolidation.

**2017 — YouApp by Banco BPM mobile banking app launches**.

**Late Nov 2024 — UniCredit offers to buy Banco BPM for ~€10B** — distinctive Italian banking takeover bid.

**Apr 2025 — Italian government exercises "Golden Power" provision** (national security concerns due to UniCredit's operations in Russia) — distinctive Italian banking national security intervention.

**Jun 19 2025 — European Commission approves UniCredit's Banco BPM acquisition "subject to conditions"** <sup>[2][2]</sup>.

**Jul 14 2025 — Italian administrative court annulled two government demands** while confirming UniCredit must exit Russian business + keep unchanged domestic investments at Banco BPM's newly acquired asset manager Anima Holding SpA <sup>[1][1], [3][3]</sup>.

**Jul 23 2025 — UniCredit withdraws ~€15B ($17B) Banco BPM bid** blaming Italy's government "Golden Power" intervention → Banco BPM survives as independent Italy #3 bank <sup>[4][4]</sup>.

## Ownership & operator

**Operating entity**: **Banco BPM S.p.A.** (BIT: BAMI).

**Major shareholders**: **Crédit Agricole ~9.9% strategic + UniCredit (formerly took ~9.7% pre-takeover bid; post-Jul 23 2025 bid withdrawal divested or holds residual) + Vanguard + BlackRock + Italian institutional + Italian retail public float**.

**Regulators**: **Banca d'Italia + ECB**.

## Technical integration

**YouApp by Banco BPM** (iOS + Android; distinctive Italian banking app) + bancobpm.it online + Banco BPM cards (Visa + Mastercard + Bancomat) + Banco BPM Italian branch network; SEPA Instant + Bancomat Pay; **Banco BPM Anima Holding SpA asset manager acquisition** (Banco BPM 2025 acquisition; central to UniCredit + Italian government dispute) + Banco BPM Vita (Italian insurance) + Banco BPM Aletti (Banco BPM private banking; post-2017 Aletti & C. Banca di Investimento Mobiliare incorporation).

## Users & growth

**Late 2024**: UniCredit offered to buy Banco BPM for ~€10B; **2025**: survived UniCredit takeover bid via Italian government "Golden Power" intervention + UniCredit Jul 23 2025 bid withdrawal.

## Use cases

Italian retail + private + corporate + SME + investment + insurance + asset management banking via YouApp by Banco BPM + bancobpm.it online + cards + branches; SEPA Instant + Bancomat Pay; **Banco BPM Anima Holding SpA asset manager** + Banco BPM Vita + Banco BPM Aletti (Banco BPM private banking).

## Implementations & partners

**Operator**: Banco BPM S.p.A. (BIT: BAMI); Crédit Agricole ~9.9% strategic + Vanguard + BlackRock + Italian institutional + Italian retail public float.

**Subsidiaries**: **Banco BPM Anima Holding SpA** (Banco BPM 2025 Italian asset manager acquisition; central to UniCredit + Italian government dispute) + **Banco BPM Vita** (Italian insurance) + **Banco BPM Aletti** (Banco BPM private banking; post-2017 Aletti & C. Banca di Investimento Mobiliare incorporation).

**Major Italian banking competitors**: [Intesa Sanpaolo + isybank](https://docs.barcoder.ai/docs/wallets/intesa-isybank) (Italy #1; Isybank digital subsidiary) + [UniCredit + buddybank](https://docs.barcoder.ai/docs/wallets/unicredit) (Italy #2; HypoVereinsbank Germany + UniCredit CEE 13-country footprint) + Monte dei Paschi di Siena (BMPS; world's oldest bank in operation since 1472) + [Fineco Bank](https://docs.barcoder.ai/docs/wallets/fineco-bank) (Italian challenger digital broker + bank; LSE FCA dual listing) + Mediobanca (Italian investment bank; ECB EFI Crédit Industriel et Commercial CIC reverse merger Italian banking consolidation) + Mediolanum (Italian private bank + life insurance) + BPER Banca + Credito Emiliano (Credem).

**Regulators**: Banca d'Italia + ECB.

## Fun facts

- **Italy's third-largest bank**.
- **Survived 2025 UniCredit ~€10-15B takeover bid + Italian government "Golden Power" intervention + Jul 23 2025 UniCredit bid withdrawal** — distinctive Italian banking M&A drama.
- **Jan 1 2017 Banco Popolare + BPM (Banca Popolare di Milano) merger** → **Banco BPM** formal incorporation — distinctive Italian banking consolidation.
- **YouApp by Banco BPM** distinctive Italian banking app.
- **Banco BPM Anima Holding SpA asset manager acquisition** (Banco BPM 2025 acquisition; distinctive Italian asset management consolidation; central to UniCredit + Italian government dispute).
- **Distinctive Italian "Golden Power" national security provision** invoked by Italian government to block UniCredit Banco BPM takeover (citing UniCredit Russian operations national security concerns).

## Comparison

| Feature | Banco BPM | [Intesa Sanpaolo + isybank](https://docs.barcoder.ai/docs/wallets/intesa-isybank) (Italy #1 rival; Isybank digital subsidiary) | [UniCredit + buddybank](https://docs.barcoder.ai/docs/wallets/unicredit) (Italy #2 rival; HypoVereinsbank Germany + UniCredit CEE 13-country footprint) | Monte dei Paschi di Siena (BMPS; world's oldest bank in operation since 1472 rival) | [Fineco Bank](https://docs.barcoder.ai/docs/wallets/fineco-bank) (Italian challenger digital broker + bank rival; LSE FCA dual listing) |
|---|---|---|---|---|---|
| Operator | **Banco BPM S.p.A. (BIT: BAMI)** | Intesa Sanpaolo S.p.A. (BIT: ISP) | UniCredit S.p.A. (BIT: UCG) | Banca Monte dei Paschi di Siena S.p.A. (BIT: BMPS) | FinecoBank S.p.A. (BIT: FBK; LSE: FBK) |
| Type | **Italy #3 + survived 2025 UniCredit ~€10-15B takeover bid + Italian government Golden Power intervention + Jul 23 2025 UniCredit bid withdrawal + YouApp + Banco BPM Anima Holding SpA asset manager 2025 acquisition + Banco BPM Vita + Banco BPM Aletti private banking** | Italy #1 + Isybank digital subsidiary + Eurizon asset management + 7M+ Isybank target | Italy #2 + HypoVereinsbank Germany + UniCredit CEE 13-country footprint + 2025 Banco BPM ~€10-15B takeover bid attempt + Andrea Orcel CEO | World's oldest bank in operation since 1472 + Italian state-controlled (post-2017 €5.4B Italian state bailout) | Italian challenger digital broker + bank + LSE FCA dual listing + 1.4M+ Italian Fineco customers + UniCredit Group historically (spun off 2014) |
| Country | IT | IT + 7+ countries | IT + 13 European countries (Germany + Austria + CEE) | IT | IT + GB |
| Distinctive | **1865 Banca Popolare di Milano (BPM) founding in Milan; 1867 Banco Popolare predecessor founding; Jan 1 2017 Banco Popolare + BPM merger → Banco BPM; Late Nov 2024 UniCredit ~€10B takeover bid; Apr 2025 Italian government Golden Power intervention (UniCredit Russia national security concerns); Jul 23 2025 UniCredit withdraws ~€15B ($17B) bid; Banco BPM Anima Holding SpA asset manager 2025 acquisition** | 2007 Banca Intesa + Sanpaolo IMI merger; 2020 UBI Banca €4.86B acquisition | 1998 Credito Italiano + Banca Commerciale Italiana merger; 2005 HypoVereinsbank Germany acquisition | 1472 Monte di Pietà di Siena founding (world's oldest bank in operation); 2007 Banca Antonveneta €9B acquisition (proved disastrous); 2017 €5.4B Italian state bailout | 1999 FinecoBank founding; 2014 spun off from UniCredit Group; Jun 23 2025 LSE FCA dual listing |

## Status

**Active, Italy's third-largest bank + survived 2025 UniCredit ~€10-15B takeover bid + Italian government "Golden Power" intervention + Jul 23 2025 UniCredit bid withdrawal** <sup>[1][1], [2][2], [3][3], [4][4]</sup>:
- **Banco BPM S.p.A. (BIT: BAMI)** since 1865 Banca Popolare di Milano (BPM) founding in Milan + 1867 Banco Popolare predecessor founding + Jan 1 2017 Banco Popolare + BPM merger → Banco BPM formal incorporation.
- **Late Nov 2024 UniCredit ~€10B takeover bid + Apr 2025 Italian government Golden Power intervention + Jun 19 2025 EC approval subject to conditions + Jul 14 2025 Italian administrative court ruling + Jul 23 2025 UniCredit withdraws ~€15B ($17B) bid**.
- **Banco BPM Anima Holding SpA asset manager 2025 acquisition + YouApp by Banco BPM**.
- **Banca d'Italia + ECB regulated**.

## Sources

[1]: https://www.euronews.com/business/2025/07/14/unicredit-banco-bpm-merger-battle-deepens-as-brussels-warns-italy-against-unlawful-interfe "UniCredit Banco BPM merger battle deepens as Brussels warns Italy against unlawful interference — Euronews"
[2]: https://ec.europa.eu/commission/presscorner/detail/en/ip_25_1565 "Commission approves UniCredit's acquisition of Banco BPM, subject to conditions"
[3]: https://www.bloomberg.com/news/articles/2025-07-13/unicredit-to-take-timely-steps-on-bpm-after-court-decision "UniCredit to Take 'Timely' Steps on BPM After Court Decision — Bloomberg"
[4]: https://fortune.com/europe/2025/07/23/unicredit-withdraws-offer-to-buy-rival-banco-bpm-blaming-italy-government-golden-power/ "UniCredit withdraws offer to buy rival Banco BPM, blaming Italy's government — Fortune"
[it-cro]: https://docs.barcoder.ai/docs/payments/IT

- [1] [UniCredit Banco BPM merger battle deepens as Brussels warns Italy against unlawful interference — Euronews][1]
- [2] [Commission approves UniCredit's acquisition of Banco BPM, subject to conditions][2]
- [3] [UniCredit to Take 'Timely' Steps on BPM After Court Decision — Bloomberg][3]
- [4] [UniCredit withdraws offer to buy rival Banco BPM, blaming Italy's government — Fortune][4]
- <sup>[Italy report](https://docs.barcoder.ai/docs/payments/IT)</sup> In-corpus: `reports/countries/IT-italy.md`

## Source

Biography extracted from [banco-bpm.md](https://docs.barcoder.ai/source/wallets/banco-bpm). See `matrix.md` for standards-support matrix if present.