Banca Piccolo Credito Valtellinese Sc (PCVI.MI)
MILAN, Nov 9 Italy's Credito Valtellinese will sell up to 1.8 billion euros ($2 billion) in problem loans in 2017-2018 and cut around 230 jobs to boost its return on tangible equity to 3.3 percent over the period.
* Q3 net loss at 155.2 million euros vs net profit of 11.9 million euros in the same period last year
MILAN, Nov 6 Italian lender Credito Valtellinese (Creval) is considering the sale of 1.5 billion euros ($1.7 billion) worth of non-performing loans via a securitisation scheme, Il Sole 24 Ore newspaper reported on Sunday, citing financial sources.
ROME, Oct 29 The shareholders of Credito Valtellinese (Creval) have approved the transformation of the regional cooperative bank into a joint stock company, Creval said on Saturday.
(The following statement was released by the rating agency) LONDON, September 30 (Fitch) Fitch Ratings has assigned Credito Valtellinese's (Creval, BB/Stable/bb) planned issue of subordinated Tier 2 debt an expected 'BB-(EXP)' rating. The final rating is contingent upon the receipt of final documents conforming to information already received. The amount and the maturity structure of the issue will be subject to market conditions. The notes will be gone-concern securities, qualifying as Tie
* 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
* bans short selling of Telecom Italia's and Credito Valtellinese's shares on July 7 Further company coverage: (Reporting by Milan newsroom)
(The following statement was released by the rating agency) LONDON/MILAN, June 24 (Fitch) Fitch Ratings has affirmed Credito Valtellinese's (Creval) Long-Term Issuer Default Rating (IDR) at 'BB' and Viability Rating at 'bb'. The Outlook is Stable. A full list of rating actions is available at the end of this rating action commentary. KEY RATING DRIVERS IDRS AND VR Creval's IDRs are driven by the bank's standalone profile, as captured by the Viability Rating (VR). Creval's capitalisation is