News: Banco Popolare Sc (BAPO.MI)
20 Dec 2013
Thu, Dec 5 2013
MILAN, Dec 5 - Italian mid-sized lender Banco Popolare is in preliminary talks with investors interested in buying a pool of bad loans, financial sources said on Thursday.
MILAN, Nov 26 - Italy's Banco Popolare said on Tuesday it had approved a merger with two small units in a reorganisation which it said will boost its core capital by more than 50 basis points.
MILAN, Nov 12 - Banco Popolare, Italy's fourth biggest bank, swung to a net profit in the first nine months of the year, helped by writebacks on equity investments, it said on Tuesday.
MILAN, Sept 5 - Italian bank Banco Popolare sold its 2 percent stake in asset manager Azimut at 15.43 euros per share, traders said on Thursday.
MILAN, Sept 5 - Italian lender Banco Popolare said on Thursday it had sold its 2.1 percent stake in domestic asset manager Azimut through an accelerated bookbuilding procedure reaping a net capital gain of 29.2 million euros ($38.54 million).
MILAN, Aug 27 - The chief executive of Banco Popolare said on Tuesday the Italian bank had no interest in a possible tie-up, denying a press report that the bank had had informal contacts with domestic peer Banca Popolare di Milano about possible consolidation in the sector.
MILAN, Aug 27 - Italian lender Banco Popolare posted on Tuesday a first-half net profit of 156 million euros, up more than five times compared to a year ago, helped by a writeback on its Agos Ducato unit impairment.
MILAN, July 8 - Moody's Investors Service on Monday cut its long-term credit ratings on Italian mutual lender Banco Popolare to 'Ba3', citing concerns over asset quality.