News: Banco Popolare Sc (BAPO.MI)
20 Aug 2014
MILAN, Aug 8 - Italy's Banco Popolare is looking to sell chunks of soured loans after pulling the sale of a majority stake in its bad debt unit earlier this year and is currently in talks over the disposal of a 300-400 million euro pool, its CEO said on Friday.
MILAN, Aug 8 - Banco Popolare, Italy's fourth biggest bank, beat expectations by posting a net profit of 24.9 million euros ($33 million) in the second quarter but said charges for losses on bad debts had risen in the period from a year earlier.
MILAN, June 29 - Italy's fourth-biggest lender Banco Popolare will look at merger opportunities once it has passed a Europe-wide health check of the sector, and has cancelled the sale of its bad debt unit for now, its CEO told daily Il Sole 24 Ore in an interview.
MILAN, April 24 - Banco Popolare said it sold all the shares remaining from a recent rights issue in trades on the Milan stock exchange.
MILAN - Banco Popolare said on Thursday it had successfully closed its capital increase for 1.5 billion euros ($2.1 billion), the first Italian lender to tap the market for funds ahead of Europe-wide health check of the sector.
MILAN, April 17 - Banco Popolare said on Thursday it had successfully closed its capital increase for 1.5 billion euros ($2.1 billion), the first Italian lender to tap the market for funds ahead of Europe-wide health check of the sector.
MILAN - U.S. fund manager BlackRock , which has been on a shopping spree in Italy over the past six weeks, is now the biggest shareholder in Italian cooperative lender Banco Popolare with a 6.85 percent stake.
(Adds details of BlackRock's various holdings, background)
MILAN, April 3 - U.S. fund manager BlackRock , which has bought stakes in several Italian lenders over the past two months, has a 6.851 percent stake in Italian cooperative lender Banco Popolare, Italy's market regulator said on Thursday.
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