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Banca Popolare dell'Emilia Romagna Sc (EMII.MI)

EMII.MI on Milan Stock Exchange

21 Oct 2016
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Latest Key Developments (Source: Significant Developments)

BPER CEO open to tie-ups with Creval, Pop Sondrio but no talks ongoing
Wednesday, 19 Oct 2016 04:29am EDT 

Banca Popolare Dell'Emilia Romagna CEO Alessandro Vandelli says: looks favourably at possible tie-ups with Creval and Banca Popolare di Sondrio but there is nothing on the table Creval Chairman Miro Fiordi says: . would be good to start talks with Popolare di Sondrio over possible tie-up . there are different possibilities for tie-ups, not only with cooperative banks and not just in Italy Further company coverage: [EMII.MI] [PCVI.MI] [BPSI.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

Fitch downgrades long-term rating for Banca Popolare dell'Emilia Romagna and confirms short-term rating
Tuesday, 19 May 2015 01:36pm EDT 

Banca Popolare dell Emilia Romagna Sc:Says Fitch downgrades long-term rating from BB+ to BB.Says Fitch confirmed short-term rating to B.  Full Article

Banca Popolare dell Emilia Romagna Sc recommends FY 2014 dividend payment – Reuters
Tuesday, 3 Mar 2015 12:31pm EST 

Banca Popolare dell Emilia Romagna Sc:Plans FY 2014 dividend payment of 0.02 euro per share (total 9,626,168.70 euros) – Reuters.The record date is scheduled for May 19.Last dividend was distributed by the company for FY 2011.  Full Article

Banca Popolare dell Emilia Romagna Sc issues seven-year EUR 750 million covered bond
Tuesday, 13 Jan 2015 11:58am EST 

Banca Popolare dell Emilia Romagna Sc:Launched and priced a new public benchmark Italian Covered Bond for an amount of 750 million euros with a maturity of seven years under 5 billion euros Covered Bond program.The book gathered interests from more than 60 investors for a total demand of 1.2 billion euros.The issue has been placed for a total amount of 750 million euros and has been subscribed by institutional investors equally split among foreign and domestic accounts.Funds accounted for 38 pct, Public and Official Institutions for 36 pct, banks for 14 pct, whereas insurers and pension funds received 12 pct.The bond priced at MS+42bp with a coupon of 0.875 pct to be paid yearly on Jan. 22 starting from 2016.Maturity date has been fixed on Jan. 22, 2022.Joint Bookrunners of the transaction that have been appointed are: BNP Paribas, Natixis, Nomura, RBS and UniCredit.  Full Article