Edition:
United States

Banca Piccolo Credito Valtellinese SpA (PCVI.MI)

PCVI.MI on Milan Stock Exchange

3.70EUR
4:50am EDT
Change (% chg)

€-0.01 (-0.27%)
Prev Close
€3.71
Open
€3.71
Day's High
€3.73
Day's Low
€3.66
Volume
243,632
Avg. Vol
1,393,114
52-wk High
€7.02
52-wk Low
€2.85

Latest Key Developments (Source: Significant Developments)

Italy's Creval posts 2016 loss of 333 mln euros
Thursday, 9 Feb 2017 12:03pm EST 

Banca Piccolo Credito Valtellinese says: 2016 net loss 333 million euros vs net income of 118.3 mln euros in 2015 . 2016 loan writedowns 467 mln euros. . Booked goodwill impairment of 69 mln euros . Phased-in CET1 ratio at end-2016 11.8 percent versus 12.4 percent at end-September . Wrote down Atlante stake by 17.6 mln euros, or 36 pct of the 48.7 mln euros it paid into the fund during the year . Operating revenue 708 mln euros, down 17 percent partly due to losses on loan disposals . Bad loan coverage 54.4 pct at end-2016 vs 57.1 pct at end-2015, overall doubtful loan coverage 41.5 pct from 40.3 pct .Cost of credit 268 bps in 2016 vs 231 bps in 2015.  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

Creval Q3 net loss at 155 mln euros
Wednesday, 9 Nov 2016 01:53am EST 

Banca Piccolo Credito Valtellinese says: Q3 net loss at 155.2 million euros vs net profit of 11.9 million euros in the same period last year . fully-loaded CET 1 ratio at 12.4 percent at end-September . Coverage ratio of bad loans at 53.9 percent at end-Sept . Coverage ratio of net non-performing loans at 40.3 percent at end-Sept Further company coverage: [PCVI.MI] (Reporting by Milan newsroom).  Full Article

Creval net profit more than halved in H1
Friday, 5 Aug 2016 12:02pm EDT 

Credito Valtellinese says: Net profit comes in at 19.1 million euros in the first half compared with a 50.8 million euro profit in the same period of last year . H1 net interest income falls 11 percent year-on-year to 211 million euros . H1 net fees down 3.5 percent, operating income falls 12.5 percent . has booked a net gain of 26 million euros on the sale of stake in Visa Europe . H1 writedowns on loans and financial assets 152 million euros . Fully-loaded CET 1 ratio at end-June 13.1 percent . has sold 430 mln euros bad loans and a disposal process of further 180 million euro of unlikely-to-pay is underway . Coverage of bad loans at 52.8 percent at end-June, other doubtful loans covered at 23.4 percent Further company coverage: [PCVI.MI] (Reporting by Milan newsroom).  Full Article

Italy's Consob bans short selling of Telecom Italia, Creval
Wednesday, 6 Jul 2016 02:28pm EDT 

Italy's market watchdog Consob says: bans short selling of Telecom Italia's and Credito Valtellinese's shares on July 7 Further company coverage: [TLIT.MI][PCVI.MI] (Reporting by Milan newsroom).  Full Article

Creval sells 2 pct of Anima at 5.5 euros a share
Friday, 27 May 2016 01:58am EDT 

Credito Valtellinese says: Completed sale of 2 percent stake in Anima Holding through accelerated book-building procedure .Sold Anima Holding shares at 5.5 euros each raising 33 million euros.  Full Article

Italy's Creval starts placement of 2 pct stake in Anima
Thursday, 26 May 2016 11:45am EDT 

Credito Valtellinese says: starts placement of 2 percent stake in Anima . transaction coordinated by joint bookrunners Banca IMI and Equita .Creval has signed lock-up deal for 90 days over remaining 0.8 pct stake in Anima.  Full Article

Italy's Creval Q1 net falls 78 pct on lower trading income
Wednesday, 11 May 2016 01:25am EDT 

Italy's Credito Valtellinese says: Q1 net profit 5 million euros from 23 million euros in previous year . Loan writedowns 49 million euros in Q1, down 27.5 percent from previous year . Q1 trading income 8 million euros from 35 million euros in previous year . Q1 net gains on equity-accounted investments 89,000 euros from 4 million euros in previous year . Common Equity Tier 1 ratio 13.2 percent at end-March from 13.1 percent at end-December . Net non-performing exposure 3.4 billion euros at end-March. Coverage ratio 37 percent down from 40 percent at end-December mostly due to sale of bad loan portfolio. Further company coverage: [PCVI.MI] (Reporting by Milan Newsroom).  Full Article

Banco di Desio e della Brianza SpA, Credito Valtellinese sc sell their stake in Istifid to Unione Fiduciaria
Wednesday, 13 Apr 2016 12:31pm EDT 

Banco di Desio e della Brianza SpA:Credito Valtellinese sc (Creval), Banco Desio, and Canova Investissements Srl signed an agreement to sell their stake in Istifid SpA to Unione Fiduciaria SpA.Unione Fiduciaria is expected to acquire the 100 percent of Istifid by the first days of May.Creval and Banco Desio will be able to reinvest part of the consideration from the sale of Istifid shares by buying Unione Fiduciaria shares for up to 8 percent of its share capital.Creval will increase its stake in Unione Fiduciaria to 7.72 percent and Banco Desio will buy a 2 percent stake in Unione Fiduciaria.  Full Article

Fitch Ratings affirms Banca Piccolo Credito Valtellinese Sc rating
Thursday, 2 Jul 2015 01:00pm EDT 

Banca Piccolo Credito Valtellinese Sc:Fitch ratings has affirmed the Long-term IDR of Credito Valtellinese at 'BB.The outlook is stable.  Full Article

More From Around the Web

BRIEF-Italy's Creval posts 2016 loss of 333 mln euros

* 2016 net loss 333 million euros vs net income of 118.3 mln euros in 2015