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Unione di Banche Italiane SpA (UBI.MI)

UBI.MI on Milan Stock Exchange

3.70EUR
15 Dec 2017
Change (% chg)

€-0.02 (-0.48%)
Prev Close
€3.72
Open
€3.68
Day's High
€3.73
Day's Low
€3.65
Volume
15,899,334
Avg. Vol
12,031,615
52-wk High
€4.63
52-wk Low
€2.37

Latest Key Developments (Source: Significant Developments)

UBI supervisory board approves single-board system
Tuesday, 12 Dec 2017 09:51am EST 

Dec 12 (Reuters) - UBI Banca says: :GUIDELINES APPROVED TODAY BY SUPERVISORY BOARD ENVISAGE ADOPTION OF A SINGLE TIER GOVERNANCE SYSTEM.BANK TO HAVE SINGLE BOARD OF DIRECTORS COMPOSED OF 15 MEMBERS.WITHIN BOARD THERE WILL BE MANAGEMENT CONTROL COMMITTEE OF FIVE MEMBERS.TWO THIRDS OF BOARD MEMBERS WILL BE INDEPENDENT.  Full Article

Italy's UBI says ECB requires regular updates on bad loan from all banks
Tuesday, 12 Dec 2017 06:00am EST 

Dec 12 (Reuters) - Italy's Ubi Banca says::REGULAR UPDATES ON BAD LOAN PLANS IS REQUIRED BY ECB FROM ALL BANKS, NOT JUST UBI.CONFIRMS STRATEGY THAT GIVES PRIORITY TO INTERNAL MANAGEMENT OF CREDIT RECOVERY WITH THE DISPOSAL OF BAD LOANS AS A RESIDUAL OPTION.ITALY'S UBI BANCA SAYS NO FURTHER DEVELOPMENTS ON BAD LOAN FRONT HAVE OCCURRED SINCE LAST PLAN PRESENTED TO MARKET, WHICH BEAT NPL REDUCTION TARGETS FOR 2017.  Full Article

DBRS cuts Ubi Banca rating to BBB from BBB (High)
Monday, 27 Nov 2017 01:39pm EST 

Nov 27 (Reuters) - Unione Di Banche Italiane Spa ::DBRS CUTS RATING ON ITALY'S UBI BANCA TO BBB FROM BBB (HIGH), TREND NOW STABLE.DOWNGRADE DRIVEN BY BANK'S HIGH STOCK OF NON-PERFORMING EXPOSURES AND CHALLENGES TO IMPROVE PROFITABILITY.  Full Article

Edoardo Mercadante held 5 pct of UBI Banca on Nov. 13 - filing
Friday, 17 Nov 2017 11:16am EST 

Nov 17 (Reuters) - Unione Di Banche Italiane: :Edoardo Mercadante held 5.091 percent of UBI Banca as of Nov. 13 - a regulatory filing showed.  Full Article

UBI CEO sees no significant impact from ECB's new bad loan rules
Friday, 10 Nov 2017 10:35am EST 

Nov 10 (Reuters) - UBI Banca CEO Victor Massiah tells analyst call::Does not anticipate any significant impact from ECB's NPL addendum.  Full Article

UBI Banca Q3 net profit 37.3 mln euros vs 43.7 mln in Q2
Friday, 10 Nov 2017 03:00am EST 

Nov 10 (Reuters) - Unione Di Banche Italiane says::Q3 net profit excluding non-recurring items and including three recently acquired banks at 37.3 million euros vs 43.7 mln euros in Q2.9-month net profit excluding non-recurring items and including three recently acquired banks 167.3 million euros.fully-loaded CET1 ratio 11.54 percent end-September.Q3 net interest income 402.5 million euros.loan writedowns in Q3 at 135.1 million euros.net impaired loans 8.4 billion euros at end-September.non-performing loan (NPL) coverage including write-offs at 48.6 percent.gross NPL stock end September 14.033 billion euros.  Full Article

Italy's Atlante to invest 500 mln euros to buy three savings banks' bad debts
Friday, 29 Sep 2017 12:28pm EDT 

Sept 29 (Reuters) - Italian bank rescue fund Atlante says::To invest 500 million euros to buy bad loans that Italian savings banks Cesena, Rimini, San Miniato must sell before being taken over by Credit Agricole.Will use money to buy mezzanine tranche in the three banks' bad loan securitisation.Deal over the three banks' bad debts also involves a 360 million euro financing from leading banks that will cover the senior tranche in the securitisation.it has finalised with HSBC, Banca IMI and Deutsche Bank a similar 200 million euro senior financing which it used to buy the bad debts of other three small banks that were rescued by UBI Banca earlier this year..  Full Article

UBI posts 696 mln euro H1 net thanks to 3 small banks recently acquired
Friday, 4 Aug 2017 09:50am EDT 

Aug 4 (Reuters) - Italy's UBI Banca says::Fully-loaded CET1 ratio 11.32 percent at end-June versus 11.29 percent at end-March.H1 net profit 696 million euros including badwill from acquisition of three small regional banks.H1 net profit 130 million euros net of extraordinary items.Stand-alone H1 operating income 1.62 billion euros up 2.4 percent year-on-year .Stand-alone net interest income down 9.8 percent in H1 due to smaller size and different mix of the securities portfolio and falling spreads on loans. Lower interest income on unlikely-to-pay loans also weighed.Stand-alone net fee and commissions 714 million euros up 7 percent year-on-year .Stand-alone loan writedowns 287 million euros in H1.Gross impaired loans 14.1 billion euros at end-June including the three banks recently acquired.  Full Article

UBI Banca says additional 700 employees will leave
Wednesday, 26 Jul 2017 01:07pm EDT 

July 26 (Reuters) - UBI Banca says::additional 700 employees will leave group by March 2018 under agreement signed with labour unions.  Full Article

Ubi Banca says take up of capital increase 99.31 percent
Tuesday, 27 Jun 2017 01:58pm EDT 

June 27 (Reuters) - Unione Di Banche Italiane Spa :says take up of 400 million euro capital increase totalled 99.31 percent.  Full Article