Bpm changes its statutes. Agricole also gives the green light
Banco Bpm's extraordinary assembly approved statutory changes with a 95.4% majority, aligning governance with new capital laws and addressing Crédit Agricole's demands for board representation.
Bpm, new rules approved but the board list is uncertain
Banco Bpm's shareholders assembly approved statutory amendments aligned with the new Capital Law, though uncertainties remain regarding the board of directors list.
Bpm has an extra soul in the engine
Banco Bpm reported a net profit of 2.08 billion euros in 2025, exceeding estimates by 130 million euros and approaching its 2027 target, following a consolidation with Anima.
Crédit Agricole seeks a seat on Banco BPM's board
Crédit Agricole's CEO, Olivier Gavalda, stated that they want a board representation on Banco BPM corresponding to their 20% stake, while discussions are ongoing and details are not yet available.
Crédit Agricole exceeds 20% of Bpm. ECB approval received
Crédit Agricole has received the European Central Bank's permission to increase its stake in Banco Bpm to over 20%, as noted in their official statement.