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Banco Bpm SpA (BAMI.MI)

BAMI.MI on Milan Stock Exchange

3.07EUR
20 Feb 2018
Change (% chg)

€0.04 (+1.19%)
Prev Close
€3.04
Open
€3.05
Day's High
€3.09
Day's Low
€3.02
Volume
19,502,867
Avg. Vol
27,973,596
52-wk High
€3.58
52-wk Low
€2.16

Latest Key Developments (Source: Significant Developments)

Banco BPM says ECB has authorised risk models, boosting core capital
Monday, 19 Feb 2018 02:25am EST 

Feb 19 (Reuters) - Banco BPM says::ECB HAS AUTHORISED THE USE OF INTERNAL RISK MODELS.USE OF INTERNAL RISK MODELS WILL HAVE POSITIVE IMPACT OF AROUND 80 BPS ON CET1.  Full Article

Banco BPM And ANIMA Holding Announce An Agreement Concerning Transfer Of Mandates For Management Of Assets Underlying Insurance Products
Wednesday, 7 Feb 2018 02:27pm EST 

Feb 7 (Reuters) - Anima Holding Spa ::ANIMA HOLDING-BANCO BPM AND ANIMA HOLDING ANNOUNCE AN AGREEMENT CONCERNING TRANSFER OF MANDATES FOR MANAGEMENT OF ASSETS UNDERLYING INSURANCE PRODUCTS.‍AGREEMENT ALSO FORESEES LAUNCH OF A NEW 20 YEARS STRATEGIC PARTNERSHIP IN INSURANCE BUSINESS BETWEEN BANCO BPM AND ANIMA​.SAYS TRANSFER OF DELEGATED PORTFOLIO MANAGEMENT ACTIVITIES FORESEES A TOTAL CONSIDERATION FOR ANIMA SGR OF EUR 146.4 MILLION.ANIMA HOLDING- DEAL FOR A CASH CONSIDERATION OF EUR 120 MILLION​.  Full Article

Banco BPM sees risk models' revision adding 80 bps to core capital
Wednesday, 7 Feb 2018 01:54pm EST 

Feb 7 (Reuters) - Banco BPM tells analyst call::CEO SAYS PLANNING TO SELL FURTHER 2 BILLION EUROS IN BAD DEBTS WITH GACS STATE GUARANTEE BY JUNE, ANOTHER 3 BILLION EUROS IN 2018-2019.ESTIMATES REVISION OF INTERNAL RISK MODELS WILL ADD 80 BPS TO CET1 BASED ON ECB'S DRAFT DECISION.  Full Article

BNP Parbas buys Banco BPM custodian activities
Wednesday, 7 Feb 2018 01:09pm EST 

Feb 7 (Reuters) - BNP Paribas ::BNP PARBAS SECURITIES SERVICES SIGNS AGREEMENT TO BUY BANCO BPM'S CUSTODIAN BANKING ACTIVITIES.BNP PARBAS SECURITIES SERVICES SAYS DEAL IS WORTH 200 MILLION EUROS.  Full Article

Banco Bpm Estimates Revision Of Internal Risk Models Will Add 80 Bps To CET1
Wednesday, 7 Feb 2018 01:03pm EST 

Feb 7 (Reuters) - Banco BPM CEO tells analyst call::ESTIMATES REVISION OF INTERNAL RISK MODELS WILL ADD 80 BPS TO CET1 BASED ON ECB'S DRAFT DECISION RECEIVED IN EARLY FEBRUARY.  Full Article

Capital Research And Management Company Has 5.155 Percent Of Banco Bpm - Regulatory Filing
Monday, 22 Jan 2018 10:10am EST 

Banco Bpm Spa ::CAPITAL RESEARCH AND MANAGEMENT COMPANY HAS 5.155 PERCENT OF BANCO BPM - REGULATORY FILING.  Full Article

Banco Bpm completes 750 mln Euro 7-Year Covered Bond Issue
Tuesday, 16 Jan 2018 02:40pm EST 

Jan 16 (Reuters) - Banco Bpm ::‍EURO 750 MILLION 7-YEAR COVERED BOND ISSUE SUCCESSFULLY COMPLETED​.‍TRANSACTION WAS OVER-SUBSCRIBED WITH ORDERS FOR MORE THAN 1 BILLION EUROS​.  Full Article

Banco BPM says ECB set 2018 capital minimum threshold at 8.875 pct
Wednesday, 27 Dec 2017 01:18pm EST 

Dec 27 (Reuters) - Banco BPM says::ECB HAS SET MINIMUM THRESHOLD FOR BANK'S 2018 CET1 AT 8.875 PERCENT BASED ON PHASE-IN CRITERIA, FOLLOWING ANNUAL SREP REVIEW.EXCEEDS ECB CAPITAL REQUIREMENTS.ITS OTHER SYSTEMICALLY IMPORTANT (SII) BUFFER FOR 2018 IS ZERO.  Full Article

Banco BPM to hike NPL sale goal by 3 bln euros after new accounting rules - CEO to paper
Wednesday, 27 Dec 2017 01:34am EST 

Dec 27 (Reuters) - Banco BPM CEO Giuseppe Castagna tells Il Sole 24 Ore in an interview: :IFRS9 ACCOUNTING RULES ALLOW COMPANY TO RAISE BAD LOAN REDUCTION TARGET TO 11 BILLION EUROS FROM 8 BILLION EUROS WITHOUT IMPACTING ON BALANCE SHEET .SEES NET INTEREST INCOME RISING IN Q4 OF 2017 .SEES COST SAVINGS OF MORE THAN 100 MILLION EUROS FROM HIGHER-THAN-EXPECTED VOLUNTARY LAYOFFS .NO NEED FOR SALE OF STAKE IN AGOS DUCATO - PAPER.EO REITERATES NET PROFIT TARGET OF 1 BILLION EUROS IN 2019, EXCLUDES NEED FOR ANOTHER CAPITAL INCREASE .  Full Article

Banco BPM close to picking buyer for 1.8 bln euros in bad loans - CEO
Wednesday, 13 Dec 2017 05:16am EST 

Dec 13 (Reuters) - Banco BPM CEO Giuseppe Castagna says::HAS RECEIVED SEVERAL BINDING OFFERS FOR 1.8 BILLION EURO BAD LOAN PORTFOLIO, WILL PICK BUYER IN NEXT FEW DAYS.ANY POSSIBLE UPDATE TO BANK'S NPL DISPOSAL PLAN WILL BE DISCUSSED IN FEBRUARY WHEN FY RESULTS ARE APPROVED.  Full Article

UPDATE 1-Banco BPM raises bad loan reduction target by 5 bln euros

MILAN, Feb 7 Italy's third-largest bank Banco BPM has stepped up its target for shedding bad debts in an effort to lower them to around 11.5 percent of its total loans by the end of 2020.