Company:Banca Popolare di Sondrio
Native name | Banca Popolare di Sondrio | ||||||||||||||||||||||||||
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| Type | Listed cooperative | ||||||||||||||||||||||||||
Short description: Italian stock exchange
Borsa Italiana S.p.A., based in Milan, is Italy's only stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.[2] Following exchange privatisation in 1997, the Company was established and became effective since 2 January 1998.[3] It is now a subsidiary of the London Stock Exchange Group plc since 23 June 2007.[4] In 2015, overall capitalisation for listed company on Borsa Italiana was worth €567.2 billion, representing 34.8% of Italian GDP.[5] Borsa Italiana is also informally known as Piazza Affari ("Business Square"), after the city square of Milan where its headquarters (the Palazzo Mezzanotte building) is located. Borsa Italiana is chaired by Andrea Sironi, and Raffaele Jerusalmi is the CEO. They are both directors of the London Stock Exchange Group.[6] Borsa Italiana is regulated by the Commissione Nazionale per le Società e la Borsa (CONSOB), an agency of the Ministry of Economy and Finance, based in Rome. HistoryThe Borsa di commercio di Milano (Milan Stock Exchange) was established by Eugène de Beauharnais, viceroy of the Napoleonic Kingdom of Italy, through decrees dated 16 January and 6 February 1808.[7] It operated under public ownership until 1998, when it was privatized.[8] In 1997, all the Italian stocks were merged. Before of this year other smaller stocks exchanges based in Naples, Turin, Trieste, Venice, Genoa, Florence, Bologna, Rome, and Palermo. In 1991 the electronic exchanges were approved and in 1994 the market with grida (A,B,C) was abolished. In Milan were also the currencies exchange rates fixing and the commodities fixing.[9] On 1 October 2007, Borsa Italiana was merged with the London Stock Exchange in an all-share takeover,[10] thus becoming part of the London Stock Exchange Group. In March 2016, the London Stock Exchange Group announced the agreement to merge in an all-stock deal with Deutsche Borse, but was subsequently blocked by the EU Competition Regulator.[11] OperationsBorsa Italiana acts as a market management firm operating with autonomy and flexibility. It organises and manages the domestic stock market along with Italian and international brokers through fully electronic trading system. Among its leading tasks, Borsa Italiana supervises listed companies, defining rules for admission and listings and supervising transaction activities.[12] Trading hoursMarketsMajor trading markets for Borsa Italiana are:
Borsa Italiana also include markets for derivatives (IDEM),[17] ETF (ETFPlus) and bonds (MOT).[18] IndicesBorsa Italiana's main indices are:[19]
Listed companiesSee also
ReferencesNotes
External links
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| Founded | 1871 | ||||||||||||||||||||||||||
| Headquarters | Sondrio , Italy | ||||||||||||||||||||||||||
Area served | Northern Italy, Switzerland | ||||||||||||||||||||||||||
 €97,552,111 (2014) | |||||||||||||||||||||||||||
| Total assets | €32,573,219,077 (2014) | ||||||||||||||||||||||||||
| Total equity | €2,221,418,922 (2014) | ||||||||||||||||||||||||||
| Capital ratio | 9.81% (Tier 1)[1] | ||||||||||||||||||||||||||
| Website | www | ||||||||||||||||||||||||||
Banca Popolare di Sondrio S.C.p.A. (BPSO) is an Italian bank based in Sondrio, Lombardy. The company was included in FTSE Italia Mid Cap Index.
History
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 the bank announced that, they acquired Banca della Nuova Terra.[2]
Equity interests
- ARCA SGR
References
- ↑ http://www.popso.it/cm/pages/ServeAttachment.php/L/IT/D/b%252F9%252F2%252FD.306ed267a86a0de6b12b/P/BLOB%3AID%3D1789/E/pdf
- ↑ "Banca Popolare di Sondrio acquisisce il 100% del capitale sociale di Banca della Nuova Terra" (PDF) (Press release). Banca Popolare di Sondrio. 8 September 2017. Retrieved 14 November 2017.
External links
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