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Unione di Banche Italiane SpA (UBI.MI)

UBI.MI on Milan Stock Exchange

2.32EUR
22 Feb 2019
Change (% chg)

€-0.01 (-0.26%)
Prev Close
€2.33
Open
€2.31
Day's High
€2.35
Day's Low
€2.30
Volume
5,608,817
Avg. Vol
9,089,542
52-wk High
€4.42
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€2.09

Latest Key Developments (Source: Significant Developments)

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

UBI Banca Sees No Significant Impact From ECB Guidelines On NPLs On FY 2018, 2019-2020 Targets
Tuesday, 15 Jan 2019 07:23am EST 

Jan 15 (Reuters) - Unione di Banche Italiane SpA ::NO SIGNIFICANT IMPACTS ARE EXPECTED WITH REGARD TO TARGETS AND PROJECTIONS FOR FINANCIAL YEAR 2018.NO SIGNIFICANT IMPACTS ARE EXPECTED WITH REGARD TO TARGETS ALREADY DISCLOSED IN 2019/2020 BUSINESS PLAN.  Full Article

Italy's UBI Banca not interested in Carige - CEO
Wednesday, 9 Jan 2019 07:45am EST 

Jan 9 (Reuters) - Victor Massiah, the CEO of Italy's UBI Banca, says::UBI POSITION HAS NOT CHANGED, NOT INTERESTED IN BANCA CARIGE.  Full Article

UBI Banca Q3 Net Profit At EUR 1.6 Mln
Wednesday, 7 Nov 2018 01:59am EST 

Nov 7 (Reuters) - Unione di Banche Italiane SpA ::9-MONTH NET PROFIT EUR 210.5 MILLION.Q3 NET FEE AND COMMISSION INCOME EUR 380.5 MILLION VERSUS EUR 400.6 MILLION IN Q2.FULLY LOADED CET1 RATIO AT END-SEPT AT 11.42 PERCENT FROM 11.42 PERCENT AT END-JUNE.Q3 NET LOAN TO CUSTOMERS WRITEDOWNS EUR 123.8 MILLION VERSUS EUR 140.5 MILLION IN Q2.Q3 NET PROFIT EUR 1.6 MILLION.Q3 OPERATING INCOME EUR 808.0 MILLION VERSUS EUR 911.4 MILLION IN Q2.GROSS NON-PERFORMING EXPOSURES AT END-SEPT 11.14 PERCENT OF TOTAL GROSS LOANS VERSUS 12.41 PERCENT AT END-JUNE.COVERAGE OF NON PERFORMING EXPOSURES AT END-SEPT 39.29 PERCENT VERSUS 40.52 PERCENT AT END-JUNE.PLAN TO CARRY OUT OPERATION TO DISPOSE OF BAD LOANS (WITHOUT SECURITISATION) BY THE END OF 2018/BEGINNING OF 2019 IS CONFIRMED.TREND FOR THE REDUCTION IN LOAN LOSSES COMPARED WITH 2017 IS FORECAST TO CONTINUE.NET INTEREST INCOME IN Q4 WILL DEPEND ON REPRICING POLICY FOR LOANS TO CUSTOMERS AND ON COST OF MEDIUM TO LONG-TERM FUNDING.OBJECTIVE OF CONTAINING OPERATING EXPENSES AHEAD OF SCHEDULE WITH RESPECT TO BUSINESS PLAN FORECASTS IS CONFIRMED.OWNS EUR 9.3 BILLION RELATING IN ITALIAN GOVERNMENT SECURITIES AT END-SEPT (EUR 9.9 BILLION AT 30.6.2018).Q3 NET PROFIT AFFECTED BY ONE-OFF EXPENSES FROM BUSINESS PLAN AND LOSSES FROM BAD LOAN SECURITISATION.  Full Article

UBI Banca Signs A Trade Union Agreement As Part Of Group Business Plan
Thursday, 6 Sep 2018 03:24pm EDT 

Sept 6 (Reuters) - Unione di Banche Italiane SpA ::UBI BANCA SIGNS A TRADE UNION AGREEMENT AS PART OF GROUP BUSINESS PLAN.  Full Article

UBI Banca Announces Securitisation Of Portfolio Of Bad Loans With Gross Book Value Of EUR 2.75 Bln
Wednesday, 1 Aug 2018 05:58pm EDT 

Aug 1 (Reuters) - Unione di Banche Italiane SpA ::ANNOUNCES SECURITISATION OF A PORTFOLIO OF BAD LOANS WITH A GROSS BOOK VALUE (GROSS NOMINAL VALUE) OF EUR 2.75 BILLION.A SECOND PORTFOLIO OF BAD LOANS IS BEING PREPARED FOR DISPOSAL, WITHOUT RECOURSE TO SECURITISATION.SENIOR NOTES WILL BE MAINTAINED IN UBI BANCA SPA'S PORTFOLIO AND WILL BEAR INTEREST EQUAL TO 6M EURIBOR + 0.5%.DECONSOLIDATION OF THE BAD LOANS UNDERLYING THE SECURITISATION IS EXPECTED IN THE 2018 THIRD QUARTER FINANCIAL RESULTS.AN ADDITIONAL BAD-LOAN PORTFOLIO IS CURRENTLY BEING DEFINED, EXPECTED TO BE MADE UP BY AROUND 90% OF UNSECURED LOANS.ADDITIONAL PORTFOLIO WILL BE SOLD BY END 2018/BEGINNING 2019 AND WILL NOT BE SECURITISED.AFTER LOAN DECONSOLIDATION, SEES PROFORMA RATIO OF GROSS NON-PERFORMING LOANS TO TOTAL GROSS LOANS TO FALL, BASED ON MARCH 2017 FIGURES, FROM 12.74% TO APPROX. 11.3%.  Full Article

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