BPER BANCA: directors' dealings · Italy · Consob

About BPER BANCA

BPER Banca is an Italian banking group listed on Borsa Italiana (FTSE MIB), in Italy, with its headquarters in Modena, Italy. Its roots date back to 1867, when Banca Popolare di Modena was founded at the initiative of the Società Operaia di Mutuo Soccorso. Over time, the group expanded through a mix of organic growth and consolidation of regional institutions, evolving from a local cooperative bank into one of the country’s leading commercial banking groups. Today, BPER presents itself as the third-largest banking group in Italy, combining a strong territorial footprint with national scale. BPER’s business model is that of a diversified universal bank. The group serves retail customers, households, SMEs, mid-cap corporates and large companies across a broad range of services: current accounts, deposits, mortgages, consumer credit, corporate lending, payment services, digital banking and advisory solutions. It also has meaningful exposure to Private Banking and Wealth Management, including through BPER Banca Private Cesare Ponti, and to Corporate & Investment Banking, where it provides M&A advisory and Corporate Finance services. In addition, the group offers insurance-related solutions and asset-management products through specialized platforms and its network of financial advisers. From a competitive standpoint, BPER holds a solid mid-to-large position in the Italian banking landscape. It is particularly strong in its historical regions of northern and central Italy, while having become a national brand with broad commercial reach. Available market information indicates that BPER ranks among Italy’s main commercial banks by customer count and is considered a leader in wealth management. This mix of regional depth, client diversification and fee-generating businesses gives the group a resilient profile in a banking market that remains highly competitive and disciplined on capital. Recent developments have been important for the investment case. In 2024, BPER announced the early closure of its BPER e-volution industrial plan after key financial objectives were achieved ahead of schedule, and subsequently unveiled a new 2024-2027 business plan. In 2025, the Banca Popolare di Sondrio transaction became a focal point: BPER launched a voluntary exchange offer after CONSOB approved the offer document, with the acceptance period coordinated with Borsa Italiana. The group has also recently highlighted targeted financing partnerships, underscoring a strategy focused on selective growth and deeper client relationships. For international investors, BPER is a notable Italian banking franchise with a long history, a broad product set and ongoing strategic consolidation potential.