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Banking group

The Banca Popolare di Sondrio banking group is composed of the holding company Banca Popolare di Sondrio, a joint-stock cooperative company with headquarters in Sondrio, Piazza Garibaldi 16; its subsidiaries include Banca Popolare di Sondrio (SUISSE) SA, a banking company governed by Swiss law with headquarters in Lugano (Switzerland), Factorit Spa, operating in advance payment, in collecting trade receivables and relative services with headquarters in Milan, Banca della Nuova Terra spa, a company operating in serving and supporting the agricultural and agri-food sectors as well as offering services to families and private individuals, including salary-and-pension-deducted loans, with headquarters in Milan, Sinergia Seconda Srl, a business property, with headquarters in Milan, and Popso Covered Bond Srl, a special purpose company serving the issuance programme of covered bonds, with headquarters in Conegliano (Tv). Of its subsidiaries, Pirovano Stelvio spa, a modern hotel facility at the Stelvio Pass operating in the field of summer skiing, is particularly worthy of mention.

The consolidated balance for the 2016 financial year of the Banca Popolare di Sondrio banking group indicated a net profit of € 98 million.

The banking group's territorial network is composed of 350 branches.

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