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Banca Carige SpA Cassa di Risparmio di Genova e Imperia (CRGI.MI)

CRGI.MI on Milan Stock Exchange

0.01EUR
19 Feb 2018
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€0.00 (+8.22%)
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Latest Key Developments (Source: Significant Developments)

Banca Carige says may use GACS state guarantee for part of 1 bln euro sale
Friday, 9 Feb 2018 01:16pm EST 

Feb 9 (Reuters) - Banca Carige CEO Paolo Fiorentino tells analyst call::SAYS DECISION TO SELL FURTHER 1 BILLION EUROS IN BAD DEBTS STEMS FROM ECB'S FOCUS ON GROSS NPE RATIO AND ENSUING REGULATORY PRESSURE.COULD USE GACS STATE GUARANTEE TO SELL PART OF THE 1 BILLION EURO PORTFOLIO.  Full Article

Italy's Carige aims to cut gross bad loans to 2.6 bln euros this yr
Friday, 9 Feb 2018 10:51am EST 

Feb 9 (Reuters) - Banca Carige says::FY LOSS 380.5 MILLION EUROS AFTER 738 MILLION EUROS IN WRITEDOWNS OF IMPAIRED LOANS LAST YEAR.NET IMPAIRED LOANS 17.1 PERCENT OF TOTAL LOANS AT END-DEC, GROSS IMPAIRED LOAN RATIO 27.0 PCT.PHASED-IN CET1 RATIO 12.4 PERCENT AT END-DEC VERSUS 10.4 PERCENT AT END-SEPT FOLLOWING CAPITAL RAISING.TO SELL UTP PORTFOLIO WORTH 500 MILLION EUROS SOON.STUDYING FURTHER SALE OF BAD LOANS FOR UP TO 1 BILLION EUROS.SEES GROSS BAD LOANS AT 2.6 BILLION EUROS AT END 2018.NET INTEREST INCOME FELL 9.8 PERCENT VERSUS 2016, TRADING INCOME DOWN 70.9 PERCENT.  Full Article

Italy's Banca Carige signs IT outsourcing deal with IBM
Friday, 2 Feb 2018 01:22pm EST 

Feb 2 (Reuters) - Italy's Banca Carige says::SIGNS IT OUTSOURCING DEAL WITH IBM.APPROVED 2018 BUDGET GUIDELINES.CONFIRMS TARGETS IN ITS 2017-2020 INDUSTRIAL PLAN.  Full Article

Italy's state-owned SGA bought 5.4 pct of Carige in cash call
Wednesday, 3 Jan 2018 11:46am EST 

Jan 3 (Reuters) - Italian market regulator Consob says::ITALIAN STATE-OWNED BAD LOAN MANAGER SGA HAS 5.4 PERCENT OF BANCA CARIGE AFTER NEW SHARE ISSUE - FILINGS.CREDITO FONDIARIO, PART OF LONDON-BASED INVESTMENT FIRM TAGES GROUP, HAS 5.4 PERCENT OF CARIGE AFTER CASH CALL - FILINGS.ITALIAN INVESTOR MALACALZA INVESTIMENTI IS CARIGE'S SINGLE LARGEST SHAREHOLDER WITH 20.64 PERCENT, LOCAL BUSINESSMAN GABRIELE VOLPI OWNS 9.09 PERCENT - FILINGS.  Full Article

Banca Carige unsold shares in cash call not enough to meet demand - CEO to paper
Thursday, 7 Dec 2017 01:31am EST 

Dec 7 (Reuters) - Banca Carige CEO Paolo Fiorentino says in interview with La Repubblica newspaper::SHARES NOT TAKEN UP IN RIGHTS ISSUE WILL NOT BE ENOUGH TO MEET DEMAND FROM INVESTORS WANTING TO ENTER CAPITAL OR RAISE STAKES.READY TO LOOK FOR PARTNER AFTER PUTTING HOUSE IN ORDER.  Full Article

Banca Carige agrees consumer credit unit sale to Chenavari for 80.1 mln euros
Thursday, 7 Dec 2017 01:08am EST 

Dec 7 (Reuters) - Italian lender Banca Carige says::HAS SIGNED BINDING AGREEMENT FOR SALE OF 80.1 PERCENT OF CREDITIS CONSUMER CREDIT UNIT TO CHENAVARI INVESTMENT MANAGERS FOR 80.1 MILLION EUROS.  Full Article

Italy's Carige picks Chenavari for Creditis unit sale
Monday, 4 Dec 2017 04:20pm EST 

Dec 4 (Reuters) - Italy's Banca Carige says: :IT HAS PICKED CHENAVARI INVESTMENT MANAGERS FOR EXCLUSIVE TALKS FOR SALE OF ITS CREDITIS UNIT.CHENAVARI INVESTMENT MANAGERS SIGNED FIRST ALLOCATION COMMITMENT WITH EQUITA SIM FOR UP TO 40 MILLION EUROS.IT EXPECTS TO FINALISE CREDITIS SALE BY DEC. 6.IT HAS AGREED TO SELL 1.2 BILLION EURO BAD LOAN PORTFOLIO AND DEBT SERVICING PLATFORM TO ITALY'S CREDITO FONDIARIO.BONDHOLDERS GENERALI, INTESA SANPAOLO VITA, UNIPOL SAI TO SUBSCRIBE TO CAPITAL INCREASE FOR A TOTAL OF 45 MILLION EUROS.  Full Article

Lonestar commits to raising stake in Italy's Carige to 9.99 pct
Monday, 4 Dec 2017 03:41pm EST 

Dec 4 (Reuters) - Italy's Banca Carige shareholder Compania Financiera Lonestar says: :SAYS ASKED DEPOSITARY BANK ON MONDAY TO SUBSCRIBE TO BANK'S CASH CALL BASED ON ITS CURRENT 6.001 PERCENT STAKE.CONFIRMS COMMITMENT TO RAISE ITS STAKE TO 9.99 PERCENT, SUBJECT TO CONDITIONS INCLUDED IN CASH CALL UNDERWRITING CONTRACT..  Full Article

Italy's Banca Carige shortlists 2 bidders for sale of Creditis unit
Tuesday, 28 Nov 2017 03:30pm EST 

Nov 28 (Reuters) - Italy's Banca Carige says::SHORTLISTED TWO BIDDERS FOR THE SALE OF ITS CONSUMER CREDIT UNIT CREDITIS.WILL CONTINUE TO DISCUSS SALE OF CREDITIS UNIT TO REACH DECISION BY END OF NEW SHARE OFFER PERIOD.CEO PAOLO FIORENTINO "SATISFIED WITH QUALITY OF OFFERS RECEIVED", WISHES TO CLOSE SALE OF CREDITIS QUICKLY.  Full Article

Carige says bidder for Creditis waives Nov. 22 deadline for accord
Thursday, 23 Nov 2017 02:05am EST 

Nov 23 (Reuters) - Banca Carige says::one of the bidders for consumer credit unit Creditis waived condition that its offer be accepted by Nov. 22 as prerequisite for taking unsold shares in cash call.  Full Article