Reuters logo
BRIEF-Italy's BPER Q1 net profit halves hit by Atlante stake writedown
May 9, 2017 / 4:09 PM / 7 months ago

BRIEF-Italy's BPER Q1 net profit halves hit by Atlante stake writedown

May 9 (Reuters) - Italy’s BPER Banca says:

* Q1 net income 14.6 million euros from 31 million euros in Q1 2016

* Q1 net income 25.9 million euros when excluding 17 million euro writedown of stake held in bank bailout fund Atlante and 18 million euro contribution to resolution fund

* Overall writedown of Atlante stake is now at 45.3 million euros equivalent to around 55.8 percent of value

* Net interest income down 3 pct in Q1, fees broadly flat versus previous year, net financial income up 57 percent

* Gross problem loans 21.7 percent of total loans at end-March from 22.1 percent at end-December

* Phased-in CET1 ratio 13.33 percent at end-March from 13.3 percent at end-December Further company coverage: (Reporting by Milan Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below