Banca Popolare di Novara location of formation Novara
Banca Popolare di Novara was an Italian cooperative bank based in Novara, Piedmont. The bank was absorbed into parent company Banco Popolare in 2011 (Banco Popolare itself was merged in 2017 to form Banco BPM). However, the former company still operates as a division and a brand of the group.History
Banca Popolare di Novara Società Cooperativa a Responsabilità Limitata was founded in 1871. The bank was a minority shareholder of Mediocredito Piemontese, which was sold to UniCredit in 2001.
As at 31 December 2001, BPN had a total assets of €20,205,897,672, a net equity of €1,627,729,000 in the separate balance sheets.In 2001 the bank was ranked the 18th by deposits (€14,743,042,000), compared to the 13th by Banca Popolare di Verona – SGSP (€20,394,760,000).
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