Edition:
United States

Creval plans 700 mln euro capital increase in 2018-2020 business plan‍​


Tuesday, 7 Nov 2017 11:48am EST 

Nov 7 (Reuters) - CREVAL ::PLANS 700 MILLION EURO CAPITAL INCREASE IN 2018-2020 INDUSTRIAL PLAN‍​.SIGNED PRE-UNDERWRITING AGREEMENT WITH MEDIOBANCA ‍​.PLANS TO REACH CET1 RATIO FULLY LOADED OVER 11 PERCENT AT 2018-END, 11.6 PERCENT AT 2020-END.‍TARGETS GROSS NPE RATIO 10.6 PERCENT AT END-2018, 9.6 PERCENT AT END-2020.‍TARGETS BAD LOAN COVERAGE RATIO OF 74.2 PERCENT AT END-2018, 77.7 PERCENT AT END-2020.‍TARGETS UNLIKELY TO PAY COVERAGE RATIO OF 47 PERCENT AT END-2020.TARGETS SHUTTING DOWN ANOTHER 88 BRANCHES WITH TARGET OF 350 UNITS BY END-2018‍​.TARGETS ROTE OF 8.2 PERCENT IN 2020, COST-INCOME RATIO OF 57.5 PCT‍​.TARGETS 150 MILLION EURO PROFIT IN 2020‍​.