Banca Popolare di Sondrio S.C.p.A. (BPSO) was an Italian bank based in Sondrio, Lombardy. The company was 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]
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.