Banco BPM SpA operates as a national commercial bank. It offers private and corporate banking, loans, e-banking, and investment services. The firm operates though the following segments: Retail, Corporate, Institutional, Private, Investment Banking, Strategic Partnerships, Leases, and Corporate Centre. The Retail segment offers the management and marketing of banking and financing services or products and loan brokering to private customers and small businesses. The Corporate segment offers the management and marketing of banking and financing services or products and loan brokering to medium and large-sized companies. The Institutional segment includes the management and marketing of banking and financing services or products and loan brokering to bodies and institutions (UCITs, SICAVs, insurance companies, pension funds and banking foundations). The Private segment includes the management and marketing of banking and financing services or products and loan brokering to private customers with assets. The Investment Banking segment includes activities to structure financial products, access to regulated markets, support and development of financial services. The Strategic Partnerships segment includes the contribution of shares held in Agos Ducato, Vera Vita, Vera Assicurazioni, Bipiemme Vita, Factorit, Alba Leasing, SelmaBipiemme Leasing, CF Liberty Servicing, and Anima Holding. The Leases segment includes data relating to activities connected to the Group’s leasing business. The Corporate Centre segment includes the portfolio of owned securities, the treasury and the Group’s asset and liability management, the stock of bond issues placed on institutional markets, equity interests not allocated between Strategic Partnerships and companies operating in the real estate sector. The company started to operate on 1 January 2017, by the merger of Banco Popolare and Banca Popolare di Milano (BPM), and is headquartered in Milan, Italy.