Banco BPM S.p.A. is Italy's third-largest bank in terms of assets. It was established in 2017 from the merger of Banco Popolare and Banca Popolare de Milano. In October, Italian rival UniCredit offered an unsolicited takeover bid of Banco BPM for roughly €10 billion, a move that surprised investors and the Italian Government. Earlier in the month, Banco BPM itself made a bid for asset manager Anima for €1.6 billion, and just days later bought a 5% stake of state-owned Monte dei Paschi di Siena Bank.
Verona, Italy-based Banco BPM has over 4 million customers and a deeply rooted presence in the regions of Northern Italy. eToro's Italian-Heritage Smart Portfolio exposes investors to leading Italian companies from a variety of economic sectors, including engineering, automobiles, banking, insurance, retail, beverages, energy and construction.