Banca Popolare di Sondrio S.p.A., together with its subsidiaries, provides various banking products and services in Italy. The company offers current accounts, savings deposits, certificates of deposits, time deposit accounts, and bonds; and loans comprising foreign currency loans, artisan loans, agricultural loans, personal loans, and mortgage loans primarily to retail customers and SMEs. It also offers repurchase agreements, securities lending, custody and administration of securities, consultancy, individual portfolio management, guarantees, leasing, and factoring services. In addition, the company provides credit and debit cards, and insurance products, as well as collection and payment services; manages hotels; issues government securities and prime corporate bonds; and manages and maintains rented units. As of December 31, 2021, it operated 350 branches. The company was founded in 1871 and is headquartered in Sondrio, Italy.

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 , Arca Vita and Istituto Centrale delle Banche Popolari Italiane .

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.

Mission

Banca Popolare di Sondrio/Sondrio Popular Bank is committed to grow and support its customers, shareholders and employees while creating value by providing sustained returns to stakeholders through selected, innovative and high-quality banking products and services.

Vision

To become a leading bank in the Italian market, providing innovative and high-quality banking products and services to its customers, shareholders and employees to create maximum value.

Key Team

Mario Erba (Deputy Gen. Mang.)

Milo Gusmeroli (Deputy Gen. Mang.)

Cesare Poletti (Deputy Gen. Mang.)

Recognition and Awards

In 2018, Banca Popolare di Sondrio was awarded the “Bank of the Year” award by Global Finance magazine for its innovative, customer-oriented services and products.