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Banca Popolare di Sondrio ScpA (BPSI.MI)

BPSI.MI on Milan Stock Exchange

3.46EUR
20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Italy's Popolare di Sondrio posts 33 pct rise in Q1 net profit
Thursday, 11 May 2017 10:50am EDT 

May 11 (Reuters) - Banca Popolare di Sondrio says: :first-quarter net profit at 29.5 million euros, up 33.42 percent from same period last year on higher fees and trading income.Q1 net loan writedowns down 14.8 percent.problem loan coverage ratio 46.91 percent in Q1, from previous 46.17 percent.CET1 ratio 10.82 percent at end March.direct funding from customers in the first quarter down 3.8 percent from previous quarter.  Full Article

BRIEF-Popolare Sondrio 2016 net income down 24 pct
Thursday, 9 Feb 2017 11:13am EST 

Banca Popolare Di Sondrio says: 2016 net income 98.6 million euros down from 129.3 mln euros in 2015 hit . Net interest income down 12.7 pct y-o-y, fees down 3.4 percent . Wrote down client loans by 250 million euros, 36 pct less than a year before. Cost of credit down to 0.99 pct from 1.63 pct . Problem loan coverage ratio 46.2 pct up from 44.5 pct. Bad loan coverage ratio 63.4 pct from 61.9 pct . Phased-in CET1 ratio 11.09 percent at end-2106 . 2016 net writedowns 278.5 million euros, down 32 percent . Paid 26.4 million euro extraordinary contribution to resolution fund on top of 11.2 million euro ordinary contribution and 7.4 million euros to deposit guarantee fund .Wrote down stake in rescue fund Atlante by 13.95 million euros to which it had committed to contribute 50 million euros.  Full Article

Popolare Sondrio 2016 net income down 24 pct
Thursday, 9 Feb 2017 11:13am EST 

Banca Popolare Di Sondrio says: 2016 net income 98.6 million euros down from 129.3 mln euros in 2015 hit . Net interest income down 12.7 pct y-o-y, fees down 3.4 percent . Wrote down client loans by 250 million euros, 36 pct less than a year before. Cost of credit down to 0.99 pct from 1.63 pct . Problem loan coverage ratio 46.2 pct up from 44.5 pct. Bad loan coverage ratio 63.4 pct from 61.9 pct . Phased-in CET1 ratio 11.09 percent at end-2106 . 2016 net writedowns 278.5 million euros, down 32 percent . Paid 26.4 million euro extraordinary contribution to resolution fund on top of 11.2 million euro ordinary contribution and 7.4 million euros to deposit guarantee fund .Wrote down stake in rescue fund Atlante by 13.95 million euros to which it had committed to contribute 50 million euros.  Full Article

Italy's Popolare di Sondrio Q1 net profit falls to 22 mln euros
Thursday, 12 May 2016 11:47am EDT 

Italy's Popolare Di Sondrio says: Q1 net profit 22.1 million euros vs 82.8 million a year earlier .CET 1 ratio 10.5 pct at end-March.  Full Article

Fitch Downgrades Banca Popolare di Sondrio to 'BBB-'; Outlook Stable

(The following statement was released by the rating agency) LONDON/MILAN, June 20 (Fitch) Fitch Ratings has downgraded Banca Popolare di Sondrio's (Sondrio) Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BBB' and Viability Rating (VR) to 'bbb-' from 'bbb'. The Outlook is Stable. A full list of rating actions is available at the end of this rating action commentary. KEY RATING DRIVERS IDRS AND VR The downgrade primarily reflects Fitch's view that Sondrio's strategy will ultimately fail to