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Unione di Banche Italiane SpA (UBI.MI)

UBI.MI on Milan Stock Exchange

3.42EUR
20 Jul 2018
Change (% chg)

€-0.01 (-0.20%)
Prev Close
€3.42
Open
€3.39
Day's High
€3.43
Day's Low
€3.35
Volume
6,913,026
Avg. Vol
10,776,510
52-wk High
€4.63
52-wk Low
€3.08

Latest Key Developments (Source: Significant Developments)

UBI Banca CEO sees good Q1 despite residual loan writedowns
Friday, 6 Apr 2018 08:09am EDT 

April 6 (Reuters) - UBI Banca::CEO SAYS EVALUATING TAPPING GACS STATE GUARANTEE FOR BAD LOAN DISPOSALS.CEO SAYS LOOKING AT SECTOR CONSOLIDATION LIKE EVERYBODY ELSE BUT NO CONTACTS WITH ANYONE.CEO SAYS BANK TWO YEARS AGO DECIDED AGAINST POTENTIAL OFFER FOR MONTE DEI PASCHI BUT IF LENDER WERE ASKED TO LOOK AT IT AGAIN A NEW ASSESSMENT WOULD BE NECESSARY.CEO SAYS Q1 RESULTS WILL BE GOOD DESPITE RESIDUAL WRITEDOWNS DRIVEN BY ECB'S LOAN INSPECTION.SUPERVISORY BOARD CHAIRMAN SAYS CONDITIONS NOT IN PLACE FOR ANY M&A IN SHORT TERM, INCLUDING MONTE DEI PASCHI.  Full Article

UBI Banca Places 500 Mln Euro Bond Under EMTN Programme
Thursday, 5 Apr 2018 01:53pm EDT 

April 6 (Reuters) - UBI BANCA :SAID ON THURSDAY IT LAUNCHED ITS FIRST SENIOR NON-PREFERRED BENCHMARK BOND ISSUE, FIXED RATE, FOR EUR 500 MLN UNDER THE EURO MEDIUM TERM NOTES PROGRAMME .ORDERS WERE RECEIVED FROM ABOUT 130 INVESTORS, FOR A TOTAL AMOUNT CLOSE TO EUR 1 BLN.TRANSACTION TO BE PRICED 5Y MID SWAP + 140 BASIS POINTS, WITH A COUPON OF 1.75 PCT.THE RE-OFFER PRICE WAS SET AT 99.877 PCT AND THE RELATED YIELD TO MATURITY AT 1.776 PCT.  Full Article

HSBC builds potential stakes of over 5 pct in Atlantia, UBI Banca - filing
Wednesday, 28 Mar 2018 02:04pm EDT 

March 28 (Reuters) - Atlantia Spa ::HSBC HELD POTENTIAL STAKE OF 5.703 PERCENT IN ITALY'S ATLANTIA AS OF MARCH 13 - FILING.HSBC HELD 6.224 PERCENT POTENTIAL STAKE IN UBI BANCA AS OF MARCH 13 - FILING.  Full Article

UBI Banca sees capital ratios impact from model change, IFRS9 this year
Thursday, 22 Mar 2018 03:12am EDT 

March 22 (Reuters) - Ubi Banca ::HAS RECEIVED AUTHORISATION FROM ECB TO IMPLEMENT A MODEL CHANGE.‍OVERALL IMPACT OF MODEL CHANGE APPROVED BY ECB IS ESTIMATED CLOSE TO NIL ON CAPITAL RATIOS AS AT END 2017​.NEW REGULATORY REPORTING ACCORDING TO NEW MODELS WILL BE EFFECTIVE AS OF 31ST MARCH 2018.CONTEXTUAL IMPLEMENTATION OF MODEL CHANGE AND IFRS9 FTA ARE EXPECTED TO DETERMINE AT END 2018 A TOTAL NEGATIVE IMPACT OF 12 BPS FULLY LOADED.SAYS MODEL CHANGE AND IFRS9 FTA ARE EXPECTED TO DETERMINE AT END 2018 TOTAL NEGATIVE IMPACT OF 12 BPS FULLY LOADED AND LESS THAN 1 BP TRANSITIONAL IN FIRST YEAR OF TRANSITION PERIOD​.  Full Article

UBI Banca Denies Categorically Existence Of Open File And Any Kind Of Negotiation With MPS
Monday, 12 Feb 2018 11:50am EST 

Feb 12 (Reuters) - UBI Banca ::SAYS DENIES CATEGORICALLY THE EXISTENCE OF OPEN FILE AND ANY KIND OF NEGOTIATION WITH MPS.  Full Article

UBI Banca CEO Says "very extensive" ECB inspection focusing on corporate loans
Friday, 9 Feb 2018 06:19am EST 

Feb 9 (Reuters) - UBI Banca CEO Victor Massiah tells analyst call::ECB'S INSPECTION FOCUSING ON CORPORATE LOANS, IT IS "A VERY, VERY EXTENSIVE" INSPECTION AND NOT BASED ON STATISTICAL SAMPLING.  Full Article

UBI Banca To Accelerate NPL Disposal, Targets Gross NPL Ratio Lower Than 10 Pct in 2019-2020
Friday, 9 Feb 2018 02:37am EST 

Feb 9 (Reuters) - UBI BANCA ::PLANS TO SELL SUBSTANTIAL NPL PACKAGE TO ACCELERATE ACHIEVEMENT OF GROSS NPL RATIO OF LESS THAN 10 PERCENT BETWEEN 2019 AND 2020.FULLY LOADED IMPACT OF FIRST TIME ADOPTION OF IFRS 9 IS EXPECTED TO TOTAL ABOUT -12 BPS ON CET1 IN 2018.NET NORMALISED RESULT FOR 2018 IS EXPECTED TO SHOW IMPORTANT GROWTH COMPARED WITH THE PREVIOUS YEAR.OPTS FOR TRANSITIONAL PROVISIONS ALLOWING PHASE-IN OF IFRS9 OVER 5 YRS.EXPECTED IMPACT ON 2018 REGULATORY CAPITAL OF IFRS9 FIRST TIME ADOPTION IS LOWER THAN -1 BASIS POINT.  Full Article

UBI Banca Fully Loaded CET1 Ratio At End-2017 At 11.43 Pct
Friday, 9 Feb 2018 02:37am EST 

Feb 9 (Reuters) - UBI BANCA ::FULLY LOADED CET1 RATIO AT END-2017 AT 11.43 PERCENT.CET1 INCLUDES THE PROPOSAL FOR A DIVIDEND OF 11 EUROCENTS PER SHARE.FY NET PROFIT EUR 690.6 MILLION VERSUS LOSS EUR 830.2 MILLION YEAR AGO.FY NET INTEREST INCOME EUR 1.65 BILLION VERSUS EUR 1.50 BILLION YEAR AGO.FY NET FEE AND COMMISSION INCOME EUR 1.55 BILLION VERSUS EUR 1.34 BILLION YEAR AGO.FY NET LOAN WRITEDOWNS EUR 728.3 MILLION VERSUS EUR 1.57 BILLION YEAR AGO.GROSS NON PERFORMING EXPOSURE AT END-2017 14.03 PERCENT OF TOTAL GROSS LOANS.COVERAGE OF NON PERFORMING EXPOSURES AT 2017-END AT 45.59 PERCENT.  Full Article

UBI Banca Completes Issue Of "Dual Tranche" Covered Bonds For EUR 1 Bln
Monday, 8 Jan 2018 11:57am EST 

Jan 8 (Reuters) - UBI BANCA ::COMPLETES ISSUE OF DUAL TRANCHE COVERED BONDS FOR EUR 1 BILLION DUE IN 6.5 AND IN 12 YEARS.REQUESTS FOR BOND SUBSCRIBTION WERE 30 PERCENT MORE THAN THE AMOUNT OFFERED.  Full Article

UBI Banca ‍says ECB sets minimum CET1 ratio requirement for 2018 of 8.625 pct​
Thursday, 28 Dec 2017 12:30pm EST 

Dec 28 (Reuters) - Ubi Banca says::‍ECB HAS SET NEW MINIMUM CET1 RATIO REQUIREMENT OF 8.625%​.  Full Article

UPDATE 1-UBI CEO, chairman sent to trial over governance allegations - sources

BERGAMO, Italy, April 27 The chief executive and chairman of UBI Banca were sent to trial with another 28 people on Friday over alleged governance irregularities at Italy's fifth-largest bank, a court document reviewed by Reuters showed.