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Bper Banca SpA (EMII.MI)

EMII.MI on Milan Stock Exchange

4.78EUR
22 Sep 2017
Change (% chg)

€0.10 (+2.09%)
Prev Close
€4.69
Open
€4.67
Day's High
€4.80
Day's Low
€4.67
Volume
6,134,843
Avg. Vol
4,408,104
52-wk High
€5.82
52-wk Low
€3.06

Latest Key Developments (Source: Significant Developments)

BPER CEO says capital hit from bumper writedown less than 700 mln euros
Thursday, 3 Aug 2017 11:37am EDT 

Aug 3 (Reuters) - BPER Banca CEO Alessandro Vandelli tells analyst call::Net of fiscal effect the 1 billion euro writedown would have a capital impact of less than 700 million euros, in terms of net non-performing exposure ratios bank could land in the region of 10 percent.  Full Article

Credem H1 net profit up at EUR 101.3 mln
Thursday, 3 Aug 2017 11:36am EDT 

Aug 3 (Reuters) - CREDITO EMILIANO SPA ::H1 NET PROFIT EUR 101.3 MILLION VERSUS EUR 70.4 MILLION YEAR AGO.H1 OPERATING INCOME EUR 593.4 MILLION VERSUS EUR 560.6 MILLION YEAR AGO.CET1 RATIO AT JUNE 30 OF 13.02 PERCENT.  Full Article

BPER CEO says targeting 70 pct coverage ratio on bad loans
Thursday, 3 Aug 2017 10:05am EDT 

Aug 3 (Reuters) - BPER Banca CEO Alessandro Vandelli tells analyst call::Bad loan disposals will be very important factor in bank's activity to reduce not just the net non-performing exposure (NPE) ratio but also the gross NPE ratio.ECB still analysing bad loan reduction plans and carrying out international comparisons, it will probably take months to have final outcome.Timing of extraordinary 1 billion euro loan writedown related to introduction of IFRS 9 accounting principle.Bank has had opportunity to illustrate decision on extraordinary writedowns to ECB but still too early for final feedback on NPE reduction plan, probably in September-October.Extraordinary 1 billion euro provisions will be used to increase coverage of bad loans to 70 percent, what is left after that will be used for unlikely-to-pay loans whose coverage ratio may reach 35-40 percent.  Full Article

Unipol CEO says reorganisation will have no impact on dividend target
Friday, 30 Jun 2017 02:51am EDT 

June 30 (Reuters) - Unipol Gruppo Finanziario CEO Carlo Cimbri says::Rules out raising stake in BPER Banca.No impact on dividend target from reorganisation of insurance business and bad bank creation.  Full Article

BPER CEO says to review plans to bid for Arca stake after Veneto banks liquidation
Wednesday, 28 Jun 2017 11:36am EDT 

June 28 (Reuters) - BPER Banca CEO Alessandro Vandelli told journalists on the sidelines of an event in Milan: :bank needs to review plans to bid for stake in asset manager Arca from Veneto banks after their liquidation.BPER had previously said it, together with Banca Popolare di Sondrio, was interested in the Arca asset manager in which troubled regional lenders Popolare di Vicenza and Veneto Banca hold a combined 40 pct stake .  Full Article

Unipol CEO says never spoke of merging BPER & Unipol Banca - paper
Thursday, 11 May 2017 02:17am EDT 

May 11 (Reuters) - Unipol Gruppo Finanziario CEO Carlo Cimbri tells Il Sole 24 Ore in an interview::idea of merging BPER Banca with Unipol Banca has not been discussed.Unipol focusing on bad bank creation for now.reiterates that out of its 9.9 percent holding in BPER, 5 percent is a stable investment and the remainder a financial one.  Full Article

Unipol Gruppo Finanziario Q1 net profit up at EUR 157 million
Thursday, 11 May 2017 12:41am EDT 

May 11 (Reuters) - Unipol Gruppo Finanziario SpA ::Q1 NET PROFIT EUR 157 MILLION VERSUS EUR 151 MILLION YEAR AGO.COMBINED RATIO OF DIRECT BUSINESS IN Q1 STOOD AT 95 PCT (96.5 PCT NET OF REINSURANCE), COMPARED TO 94.3 PCT IN THE SAME PERIOD 2016.UNIPOL GRUPPO FINANZIARIO SPA SAYS HOLDS 9.9 PERCENT OF BPER BANCA.  Full Article

Italy's BPER Q1 net profit halves hit by Atlante stake writedown
Tuesday, 9 May 2017 12:00pm EDT 

May 9 (Reuters) - Italy's BPER Banca says::Q1 net income 14.6 million euros from 31 million euros in Q1 2016.Q1 net income 25.9 million euros when excluding 17 million euro writedown of stake held in bank bailout fund Atlante and 18 million euro contribution to resolution fund.Overall writedown of Atlante stake is now at 45.3 million euros equivalent to around 55.8 percent of value.Net interest income down 3 pct in Q1, fees broadly flat versus previous year, net financial income up 57 percent.Gross problem loans 21.7 percent of total loans at end-March from 22.1 percent at end-December.Phased-in CET1 ratio 13.33 percent at end-March from 13.3 percent at end-December.  Full Article

BPER targets 400-450 mln euro loan writedowns in 2017-CEO
Thursday, 9 Feb 2017 12:54pm EST 

Banca Popolare Emilia Romagna (BPER) CEO Alessandro Vandelli tells analyst call: Has strong commitment to keep loan writedowns at 400-450 million euros this year . Reducing the NPL ratio remains a priority for the group, will give targets in a month with new business plan . Loan writedowns risk being higher only if it decides to quickly reduce NPL ratio but favours gradual reduction . Expects capital hit from possible CariFerrara acquisition to be "very, very small" . Targets 2 percent loan growth in 2017 Further company coverage: [EMII.MI] (Reporting by Milan Newsroom).  Full Article

BPER CEO says could buy CariFerrara by end-month
Thursday, 19 Jan 2017 11:19am EST 

Banca Popolare Emilia Romagna CEO Alessandro Vandelli says: the lender could close deal to buy CariFerrara by end-month Further company coverage: [EMII.MI] (Reporting by Milan newsroom).  Full Article

UPDATE 1-Italy's BPER to book 1 bln euros in writedowns to ease bad loan sales

MILAN, Aug 3 Italy's BPER Banca said it plans to book 1 billion euros ($1.2 billion) in loan loss provisions early next year to pave the way for possible disposals that would help it cut its bad debt burden.