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6 months ago
BRIEF-Italy's UBI Banca posts 2016 net loss of 830.2 mln euros
February 10, 2017 / 7:36 AM / 6 months ago

BRIEF-Italy's UBI Banca posts 2016 net loss of 830.2 mln euros

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Feb 10 (Reuters) - Italy's UBI Banca says:

* 2016 net loss 830.2 million euros

* Q4 net loss 75.6 million euros

* fully-loaded CET 1 ratio at 11.22 percent end-2016 versus 11.28 percent end-September

* makes net writedown on Atlante fund investment of 52.9 million euros

* to pay 2016 cash dividend of 0.11 euros per share

* sees "strong improvement" in 2017 results versus 2016

* net impairment losses on loans in 2016 were 1.57 billion euros versus 802.6 million euros in 2015 Source text for Eikon: Further company coverage: (Reporting by Milan newsroom)

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