In addition to the banks, the Group also includes numerous product companies (asset management, personal loans, leasing and factoring) and special purpose vehicles. The BPER Banca Group today is a strong entity of five commercial Banks, all autonomous and well-established in their various areas of operation. Seriousness, transparency and professionalism are the core values that inspire the BPER Group’s “way of banking”, with the aim of favouring the savings of households and the resources of businesses in all scenarios, conceiving of lending as a tool for developing and promoting local areas. The underlying objective was to create a federal entity, in which each Bank in the Group could take advantage of the synergies of a large Group, while maintaining operating autonomy and deep roots in the local areas. "If Popolare di Sondrio opts to look at mergers we think that given its history BPER is very well placed," Cimbri said.The BPER Banca Group was created in 1992 on the initiative of BPER Banca. He said Unipol would support any decision Popolare di Sondrio decides to take once it sheds its cooperative status and its management will be free to assess alternatives. On the contrary, BPER could be a good merger candidate for Popolare di Sondrio (BPSI.MI), a regional bank of which Unipol owns 9.5%, Cimbri added. Unipol is the top shareholder in BPER with nearly 20% and has been the driving force behind BPER's decision to acquire branches as part of last year's Intesa-UBI merger, a move which has increased BPER's assets by 40%.Īsked about BPER's possible interest for troubled rival Carige (CRGI.MI), Cimbri said BPER was focused on integrating the new branches and "it'd better concentrate on that". Speaking at the FABI banking union's annual conference, Unipol CEO Carlo Cimbri said BPER could not chase the idea of "a third or fourth large banking group in the country, which is something newspapers love to write about". MILAN, Dec 13 (Reuters) - The top shareholder in BPER Banca (EMII.MI) said on Monday it viewed positively further expansion at the Italian bank but growth could not "be an end in itself".
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