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SHANGHAI COMMERCIAL & SAVINGS BANK to merge two insurance agency units

Wednesday, 15 Nov 2017 04:48am EST

Nov 15 (Reuters) - SHANGHAI COMMERCIAL & SAVINGS BANK Ltd <5876.TWO> ::Says it plans to merge two insurance agency units which will be dissolved after transaction .

ProCredit Holding 9-mth earnings from continuing operations ‍at EUR 36.5 mln

Tuesday, 14 Nov 2017 02:30am EST

Nov 14 (Reuters) - PROCREDIT HOLDING AG & CO KGAA ::‍CONFIRMS GROWTH FORECAST FOR FINANCIAL YEAR 2017, WHICH WAS ADJUSTED IN JULY​.9-MONTH EARNINGS FROM CONTINUING OPERATIONS ‍AT EUR 36.5 MILLION (9M 2016: EUR 36.6 MILLION)​.‍9M 2017 RESULT FROM CONTINUING BUSINESS OPERATIONS EUR 36.5 MILLION VERSUS EUR 36.6 MILLION YEAR AGO​.FY ‍FORECAST FOR ROAE UNCHANGED, EXPECTED IN RANGE OF 7% TO 9% FOR FINANCIAL YEAR 2017​.

ABN Amro Q3 operating income in line with Reuters poll at 2.12 billion euros

Wednesday, 8 Nov 2017 01:00am EST

Nov 8 (Reuters) - ABN AMRO GROUP NV : :Q3 NET INTEREST INCOME EUR 1.57‍​ BILLION VERSUS EUR 1.60 BILLION IN REUTERS POLL.Q3 OPERATING INCOME EUR ‍​2.12 BILLION VERSUS EUR 2.12 BILLION IN REUTERS POLL.Q3 OPERATING RESULT EUR ‍​914 MILLION VERSUS EUR 839 MILLION IN REUTERS POLL.Q3 NET INCOME EUR 673‍​ MILLION VERSUS EUR 552 MILLION IN REUTERS POLL.EXPECT TO SET ASIDE A RESTRUCTURING PROVISION IN THE RANGE OF EUR 50MLN 100 MILLION IN Q4 2017‍​.

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​.

BOC Hong Kong enters agreement with Bank of China

Monday, 6 Nov 2017 03:32am EST

Nov 6 (Reuters) - BOC Hong Kong Holdings Ltd <2388.HK>::‍Entered agreement with Bank of China regarding transfer of Vietnam and Philippines business ​.Consideration for proposed transfer of Philippines business is 4.4026 billion​ pesos.‍Consideration for proposed transfer of Vietnam business is USD152 million​.

BOC Hong Kong enters agreement with Bank of China

Monday, 6 Nov 2017 03:32am EST

Nov 6 (Reuters) - BOC Hong Kong Holdings Ltd <2388.HK>::‍Entered agreement with Bank of China regarding transfer of Vietnam and Philippines business ​.Consideration for proposed transfer of Philippines business is 4.4026 billion​ pesos.‍Consideration for proposed transfer of Vietnam business is USD152 million​.

Banco Bpm to sell 65 pct stake in Avipop and Popolare Vita to Cattolica for Euro 853.4 mln

Friday, 3 Nov 2017 03:40pm EDT

Nov 3 (Reuters) - Banco Bpm :Banco Bpm-‍reached agreement for sale of a 65% stake in Avipop Assicurazioni and popolare vita to Cattolica Assicurazioni, for euro 853.4 million​.Banco Bpm says ‍cattolica will have management control of insurance companies. Banco bpm will keep holding veto powers on significant strategic matters​.Banco Bpm says ‍Cattolica will finance this transaction with internal resources and by accessing debt capital markets.​.Banco Bpm says ‍transaction will be accretive on Cattolica's earnings, while designed financing structure will preserve its solid capital ratios​.‍Cattolica will appoint CEO of insurance companies, while Banco Bpm will appoint general manager​.

Credit Suisse CEO says to meet activist investor next week - CNBC

Thursday, 2 Nov 2017 02:56am EDT

Nov 2 (Reuters) - Credit Suisse Group Ag :Credit Suisse CEO says to meet activist investor Bohli next week - CNBC.Credit Suisse CEO says no decision yet on Brexit staffing plans - Bloomberg TV.

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