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Unione di Banche Italiane SpA (UBI.MI)

UBI.MI on Milan Stock Exchange

2.59EUR
18 Jul 2019
Change (% chg)

€-0.01 (-0.35%)
Prev Close
€2.60
Open
€2.57
Day's High
€2.61
Day's Low
€2.55
Volume
6,428,815
Avg. Vol
9,741,118
52-wk High
€3.88
52-wk Low
€2.09

Latest Key Developments (Source: Significant Developments)

Italy's UBI CEO says Carige rescue efforts not at a dead end
Wednesday, 10 Jul 2019 07:14am EDT 

July 10 (Reuters) - UBI Banca CEO Victor Massiah says::CARIGE RESCUE EFFORTS NOT AT A DEAD END.  Full Article

UBI Banca does not see conditions for a rescue of Carige such as that of Veneto banks - CEO
Tuesday, 25 Jun 2019 02:29am EDT 

June 25 (Reuters) - Unione di Banche Italiane SpA CEO Victor Massiah on the sidelines of the Mediobanca CEO conference::DOES NOT SEE CONDITIONS FOR A RESCUE OF CARIGE SUCH AS THAT OF VENETO BANKS.  Full Article

UBI Banca denies press report on possible aggregation with Banca Carige
Tuesday, 25 Jun 2019 01:19am EDT 

June 25 (Reuters) - UBI Banca says::BANK DENIES PRESS REPORT OF AGGREGATION HYPOTHESIS WITH BANCA CARIGE.  Full Article

UBI Banca Says Any Hypothesis Of Aggregation With Banca Carige Is Absolutely Without Foundation
Tuesday, 25 Jun 2019 01:19am EDT 

June 25 (Reuters) - Unione di Banche Italiane SpA ::WITH REGARD TO MEDIA PUBLICATION SAYS ANY HYPOTHESIS OF AGGREGATION WITH BANCA CARIGE IS ABSOLUTELY WITHOUT FOUNDATION.  Full Article

UBI Banca CEO Says Strategy On Bad Loans Is Not To Sell Utp, Nothing Is Set In Stone
Wednesday, 8 May 2019 11:13am EDT 

May 8 (Reuters) - Unione di Banche Italiane SpA CEO Victor Massiah tells analysts on a conference call after Q1 results::WITH PLANNED SALES OF LEASING AND FACTORING BAD LOANS GROSS NPE RATIO WOULD FALL TO AROUND 9 PERCENT.EXPECTS SALE OF FACTORING BAD LOANS TO BE FINALISED THIS MONTH, SALE OF LEASING SOURED DEBTS EXPECTED IN Q2 OR Q3.STRATEGY ON BAD LOANS REMAINS NOT TO SELL UTP, BUT NOTHING IS SET IN STONE.  Full Article

UBI Banca Q1 Net Profit EUR 82.2 Mln
Wednesday, 8 May 2019 08:10am EDT 

May 8 (Reuters) - Unione di Banche Italiane SpA ::Q1 NET PROFIT EUR 82.2 MILLION VERSUS EUR 62 MILLION IN ANALYST CONSENSUS PROVIDED BY BANK.FULLY-LOADED CET1 RATIO AT END-MARCH AT 11.47 PERCENT FROM 11.34 PERCENT AT END-DEC.GROSS NON-PERFORMING EXPOSURE RATIO AT END-MARCH 10.36 PERCENT VERSUS 10.42 AT END-DEC.TOTAL GROSS NON-PERFORMING EXPOSURES AMOUNTED EUR 9,458.4 MILLION, A DECREASE OF 2.7% VERSUS END-DEC.COVERAGE OF NON PERFORMING LOANS AT END-MARCH 39.09 PERCENT VERSUS 38.5 PERCENT AT END-DEC.INDICATIONS CONCERNING BUSINESS OUTLOOK FURNISHED WHEN RESULTS FOR YEAR ENDED 2018 WERE REPORTED ARE CONFIRMED.  Full Article

UBI Banca Q1 Net Profit EUR 124.9 Mln Net Of Non Recurring Items
Wednesday, 8 May 2019 08:10am EDT 

May 8 (Reuters) - Unione di Banche Italiane SpA ::Q1 NET PROFIT EUR 124.9 MILLION NET OF NON RECURRING ITEMS.Q1 LOAN WRITEDOWNS EUR 127.5 MILLION VERSUS EUR 243.0 MILLION IN Q4.Q1 OPERATING INCOME EUR 920.6 MILLION VERSUS EUR 895 MILLION IN ANALYST CONSENSUS PROVIDED BY BANK.  Full Article

UBI Banca targets more ambitious cost cuts, credit quality in new business plan
Friday, 12 Apr 2019 04:42am EDT 

April 12 (Reuters) - UBI Banca CEO tells annual general meeting::NEW BOARD WILL DRAFT NEW BUSINESS PLAN ON THE BASIS OF CHANGED BUSINESS ENVIRONMENT.BANK TO HAVE MORE AMBITIOUS TARGETS FOR COST CUTTING, CREDIT QUALITY.  Full Article

Italy's UBI to cut 295 staff booking 64 mln euros in charges in Q1
Thursday, 28 Mar 2019 12:43pm EDT 

March 28 (Reuters) - Unione di Banche Italiane says::TO BOOK 64 MILLION EUROS IN GROSS CHARGES IN Q1 AFTER SIGNING ACCORD WITH UNIONS OVER VOLUNTARY REDUNDANCIES.SEES COST SYNERGIES OF 19 MILLION EUROS A YEAR STARTING FROM 2019 THANKS TO JOB CUTS.ACCORD WITH UNIONS ENVISAGES 215 STAFF CUTS, ANOTHER 80 WILL LEAVE FOLLOWING RECENT PENSION LAW CHANGES.  Full Article

UBI CEO says studying leasing and factoring bad loan sale
Friday, 8 Feb 2019 08:17am EST 

Feb 8 (Reuters) - UBI Banca CEO Victor Massiah tells media call::STUDYING POSSIBLE LEASING AND FACTORING BAD LOAN SALE, EXPECTS TO LOWER GROSS NPE RATIO SIGNIFICANTLY BELOW 10 PERCENT THIS YEAR.BANK SOLD MORE THAN 2 BILLION EUROS IN RETAIL BONDS IN H2 2018 BUT REMAINS READY TO SEIZE POSSIBLE WINDOWS TO ISSUE ON INSTITUTIONAL MARKETS.STARTED RAISING LENDING RATES AMID SLIGHTLY EASING COMPETITION TOWARDS END 2018, BUT IT WILL TAKE TO SHOW IN BANK'S NET INTEREST INCOME.  Full Article