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

CRGI.MI on Milan Stock Exchange

0.01EUR
21 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Carige investors accounting for 64.2 pct of capital attend meeting
Thursday, 20 Sep 2018 04:57am EDT 

Sept 20 (Reuters) - Banca Carige::SHAREHOLDERS PRESENT AT THURSDAY'S MEETING ACCOUNT FOR 64.2 PERCENT OF BANK'S CAPITAL - ASSEMBLY CHAIRMAN.  Full Article

Carige investor Mincione says new board must meet ECB demand for merger
Wednesday, 19 Sep 2018 12:32pm EDT 

Sept 20 (Reuters) - Banca Carige shareholder Raffaele Mincione says in an interview in Italian daily Il Sole 24 Ore::HAS GOOD CHANCE OF WINNING "STRONG REPRESENTATION" IN BANK'S NEW BOARD AT THURSDAY'S SHAREHOLDER MEETING.REGARDLESS OF COMPOSITION, NEW BOARD MUST COMPLY WITH ECB DEMAND TO SEEK MERGER SOON.  Full Article

Italy's Banca Carige signs payment systems deal with Nexi
Tuesday, 3 Apr 2018 12:16pm EDT 

April 3 (Reuters) - Italy's Banca Carige says::SELLS MERCHANT ACQUIRING BUSINESS TO PAYMENT SERVICES GROUP NEXI FOR 25 MILLION EUROS.SIGNS 10-YEAR PARTNERSHIP WITH NEXI ESTIMATED TO GENERATE COMMISSIONS WORTH 15 MILLION EUROS OVER PERIOD.  Full Article

Carige to sell 1 bln euros of bad loans, 700 mln euros of unlikely to pay
Tuesday, 27 Mar 2018 01:47pm EDT 

March 27 (Reuters) - Italian lender Banca Carige says::APPROVES 2018-2020 NON PERFORMING EXPOSURES PLAN TO SELL GROSS BAD LOANS OF UP TO 1 BILLION EUROS AND UNLIKELY TO PAY LOANS OF 500 MILLION EUROS IN 2018 AND A FURTHER 200 MILLION EUROS OF UNLIKELY TO PAY LOANS IN 2019.SALE OF 1 BILLION EUROS OF BAD LOANS WILL BE CARRIED OUT WITH GACS STATE-BACKED GUARANTEES.PRELIMINARY ESTIMATES USING IFRS9 PRINCIPLES POINT TO IMPACT ON FULLY-LOADED CET1 RATIO OF ABOUT -160 BASIS POINTS.APPROVES DEAL WITH IBM FOR OUTSOURCING ITS IT SYSTEM.ACKNOWLEDGES MARKET CONDITIONS ARE NOT THERE FOR ISSUANCE OF SUBORDINATED BOND WITH "EXPECTED CHARACTERISTICS".  Full Article

Credit Agricole Italy Head Says not looking at Carige, Creval
Wednesday, 21 Mar 2018 09:25am EDT 

March 21 (Reuters) - Credit Agricole Italy head Giampiero Maioli says::NOT LOOKING AT ITALY'S CARIGE OR CREVAL FOR POTENTIAL M&A.  Full Article

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