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Credit Agricole to seek ECB approval to go over 20% shareholding in Banco BPM
Published by Global Banking & Finance Review®
Posted on July 11, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 11, 2025
1 min readLast updated: January 22, 2026
Credit Agricole seeks ECB approval to increase its stake in Banco BPM beyond 20%, emphasizing it does not plan to control the Italian bank.
PARIS (Reuters) -French bank Credit Agricole said on Friday it had filed a request with the European Central Bank (ECB) seeking the ECB's approval for Credit Agricole to go above the 20% shareholding level in Italy's Banco BPM.
"The Board of Directors of Crédit Agricole S.A. has approved to file an authorization request with the ECB to cross 20% in the share capital of Banco BPM S.p.A.," it said.
The French bank currently holds 19.8% of Banco BPM, and Credit Agricole reiterated it did not plan to buy or exercise control of Banco BPM.
(Reporting by Sudip Kar-Gupta, Editing by Louise Heavens)
Credit Agricole currently holds 19.8% of Banco BPM.
Credit Agricole has filed a request with the ECB seeking approval to exceed a 20% shareholding in Banco BPM.
Credit Agricole reiterated that it does not plan to buy or exercise control of Banco BPM.
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