BANCA AKROS S.P.A.

Banca Akros S.p.A. is the corporate and investment banking arm of Banco BPM, operating from Milan and focused on capital markets, advisory, and institutional brokerage for Italian and cross-border clients. The bank’s activities cover debt and equity capital markets origination and placement, corporate finance (including M&A and strategic advisory), structured and acquisition finance, securitizations and liability management, loan syndication, as well as market-making and execution across fixed income, equities, FX, and derivatives. It issues and structures investment certificates and other market-linked products, provides research on selected Italian issuers, and offers execution, clearing, and custody solutions primarily to institutional investors; distribution to retail investors generally occurs through the Banco BPM network for group-originated products. Following the creation of Banco BPM, the group consolidated most investment banking and markets functions within Banca Akros, reinforcing its role as the hub for origination, trading, and product manufacturing while leaving private banking activities elsewhere in the group. The bank is authorized in Italy and operates under Bank of Italy prudential supervision and Consob oversight for investment services, and is subject to EU frameworks such as CRR/CRD, MiFID II, EMIR, and MAR; it connects to major Italian and European trading venues and acts as liquidity provider on selected instruments. Earnings are sensitive to market conditions, client activity, and risk appetite cycles, and the business profile entails market, credit and counterparty, model, and operational risks, alongside conduct and product-governance obligations related to complex instruments. Its balance sheet, funding access, and ratings are closely linked to the parent group, with most capital and risk metrics reported on a consolidated basis; standalone disclosure is more limited. Competitive dynamics include domestic investment banks and the Italian arms of global banks, with access to the Banco BPM corporate franchise and branch distribution shaping origination and placement capacity. Prospective clients and investors should review offering documentation, risk factors, and costs at the instrument level and consider the issuer and counterparty risk inherent in structured products and certificates.