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Bper Banca SpA (EMII.MI)

EMII.MI on Milan Stock Exchange

4.75EUR
29 Mar 2017
Change (% chg)

€-0.09 (-1.86%)
Prev Close
€4.84
Open
€4.85
Day's High
€4.87
Day's Low
€4.72
Volume
5,048,919
Avg. Vol
6,166,144
52-wk High
€5.82
52-wk Low
€2.51

Latest Key Developments (Source: Significant Developments)

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

Bank of Italy approves sale of three rescued banks to UBI
Wednesday, 18 Jan 2017 12:00pm EST 

Bank of Italy says: Approves sale of three small banks rescued from bankruptcy in November 2015 to UBI . Resolution fund now focusing on completing sale of fourth rescued bank Carife to Banca Popolare dell'Emilia Romagna Further company coverage: [UBI.MI][EMII.MI] (Reporting by Milan newsroom).  Full Article

Italy's Creval says BPER's approach needs to be more concrete
Wednesday, 30 Nov 2016 06:13am EST 

Banca Piccolo Credito Valtellinese Managing Director Mauro Selvetti says : the approach made by Banca Popolare dell'Emilia Romagna for a tie up needs to be more concrete before his bank evaluates it Further company coverage: [PCVI.MI] [EMII.MI] (Reporting by Milan newsroom).  Full Article

Popolare Emilia shares up strongly after core capital jumps
Friday, 5 Aug 2016 03:13am EDT 

Banca Popolare Dell'Emilia Romagna: Shares up more than 7 percent after initially failing to start trading . CET1 capital ratio jumped to 14.13 percent at the of June on a fully-loaded basis, from 11.48 percent at the end of March, after the European Central Bank validated the bank's internal risk models [nI6N1AD023] Further company coverage: [EMII.MI] (Reporting by Milan Newsroom).  Full Article

BPER to pursue bad loan reduction, but no hurry - CEO
Thursday, 4 Aug 2016 01:57pm EDT 

Popolare Emilia Romagna Chief Executive Alessandro Vandelli tells analyst call: Bank has enough capital to manage bad loan ratios but wants to see how the non-performing loan market evolves before deciding best strategy to pursue NPL reduction . Bank has targets for NPL ratios but no particular pressure in reaching them thanks to its strong capital position . The 40 percent coverage ratio for unlikely-to-pay and past-due loans seen in the rescue deal of Monte dei Paschi di Siena would be "nonsense" for the kind of portfolio that BPER has . New sale of bad loans scheduled for the second half of the year will have little impact on P&L, like previous one . In the process of completing database for new bad loans sales, expects to start process at the end of August . Bank's risk appetite in M&A has not changed due to CET1 ratio increase . Ready to assess opportunities but believes it is important not to take on high risks in M&A . Cost of risk this year to be around 120 basis points Further company coverage: [EMII.MI] (Reporting by Milan Newsroom).  Full Article

Italy's BPER says ECB approved adoption of internal risk models
Monday, 27 Jun 2016 02:28am EDT 

Banca Popolare dell'Emilia Romagna says: the European Central Bank has approved the adoption of internal models for the measurement of capital requirements for credit risk .the application of these models will give the group's capital ratio a "considerable boost" starting from first-half results.  Full Article

Banco di Sardegna acquires 55 branches from Banca di Sassari
Friday, 20 May 2016 10:18am EDT 

Banco di Sardegna SpA : Acquires business unit from Banca di Sassari consisting of 55 branches . Banco di Sardegna and Banca di Sassari both belong to Banca Popolare dell'Emilia Romagna group .Provisional price for sale of business unit by Banca di Sassari is 190.9 million euros ($213.96 million).  Full Article

Popolare dell'Emilia Romagna Q1 net profit falls to 31 mln euros
Thursday, 12 May 2016 11:40am EDT 

Banca Popolare Dell'Emilia Romagna says: Q1 net profit 31 million euros vs 45 mln euros a year earlier . Fully phased CET 1 ratio at end-March 11.48 percent . Q1 loan writedowns 121.5 million euros, down 19 pct year-on-year . Lost 0.5 billion euros in deposits in Q1 .Net interbank position negative for 5.5 billion euros at end-March compared with 4.4 billion euros end-Dec.  Full Article

Banca Popolare dell Emilia Romagna Sc receives offers worth 224 million euros in bond exchange-Reuters
Tuesday, 9 Jun 2015 08:00pm EDT 

Banca Popolare dell Emilia Romagna Sc:It has received offers worth 224 million euros in its Lower Tier II bond exchange-Reuters.Bank offers to exchange existing Lower Tier II notes with a new subordinated bond to be issued on June 15.  Full Article

More From Around the Web

Bank of Italy sells last of four small rescued banks to BPER

MILAN, March 2 BPER Banca said on Thursday it had agreed to buy small lender Nuova Carife for 1 euro, helping Italy solve one of its banking headaches by selling the last one of four small lenders it rescued from bankruptcy in November 2015.