France $59 Billion Banking Giant Crédit Agricole Increased Stake to 29.3% (Market Purchases & Derivative) in Italy $27 Billion Bank Banco BPM, Previously Held 22.9% Stake, Crédit Agricole Founded in 1894, Banco BPM Formed in 2017 from Merger of Banco Popolare & Banca Popolare di Milano
9th July 2026 | Hong Kong
France banking giant Crédit Agricole ($59.3 billion market value) has increased stake to 29.3% (Market purchases & derivative) in Italy bank Banco BPM ($26.5 billion market value). Crédit Agricole previously held 22.9% stake in Banco BPM. Crédit Agricole was founded in 1894. Banco BPM was formed in 2017 from the merger of Banco Popolare and Banca Popolare di Milano. Announcement (3/7/26): “Crédit Agricole S.A. (“Crédit Agricole”) has notified the Italian Authority and Banco BPM SpA (“Banco BPM”) that it has crossed the 25% threshold and currently stands at 29.3% of Banco BPM’s share capital. This additional stake has been accumulated through market purchases of shares and a derivative instrument. Crédit Agricole has a long-standing and deeply rooted presence in the Italian market and remains committed to supporting the Italian economy. The increase in ownership is consistent with Crédit Agricole’s strategy as a long-term investor and partner of Banco BPM in its development. This also further strengthens the solid industrial partnerships in consumer finance and in non-life, personal protection and creditor protection insurance, and highlights Crédit Agricole’s appreciation of Banco BPM’s intrinsic qualities, i.e. a solid business franchise with positive financial prospects. The additional stake is expected to have a total impact on Crédit Agricole’s CET 1 ratio of -35bps as of end of Q2 2026.”
“ France $59 Billion Banking Giant Crédit Agricole Increased Stake to 29.3% (Market Purchases & Derivative) in Italy $27 Billion Bank Banco BPM, Previously Held 22.9% Stake, Crédit Agricole Founded in 1894, Banco BPM Formed in 2017 from Merger of Banco Popolare & Banca Popolare di Milano “
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Banco BPM – On January 1, 2017, two large cooperative banks, Banco Popolare and Banca Popolare di Milano, merged and became joint stock companies. Banco BPM is founded, one of the country’s leading banking groups, with a deep-rooted presence in Northern Italy, among the regions with the highest industrial concentration in Europe. Today, the Group has approximately 19,000 employees, 1,400 branches, and 3.6 million customers. A widespread network serving families and businesses, in-depth market knowledge, and innovative solutions are the foundation of Banco BPM’s strength. It operates in various areas of the banking sector—private and investment banking, asset management, bank insurance, consumer credit, and electronic money—including through the Group’s subsidiaries.
Crédit Agricole – The Crédit Agricole group is the leading partner of the French economy and one of the largest banking groups in Europe. It is the leading retail bank in Europe as well as the first European asset manager, the first bancassurer in Europe and the third European player in project finance. Built on its strong cooperative and mutual roots, its 160,000 employees and the 27,165 directors of its Local and Regional Banks, the Crédit Agricole group is a responsible and responsive bank serving 55 million customers and 12.3 million mutual shareholders.
France $59 Billion Banking Giant Crédit Agricole Increased Stake to 29.3% (Market Purchases & Derivative) in Italy $27 Billion Bank Banco BPM, Previously Held 22.9% Stake, Crédit Agricole Founded in 1894, Banco BPM Formed in 2017 from Merger of Banco Popolare & Banca Popolare di Milano
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