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BRIEF-BPER 2016 net income plunges 94 pct hit by one-offs
February 9, 2017 / 5:14 PM / 10 months ago

BRIEF-BPER 2016 net income plunges 94 pct hit by one-offs

Feb 9 (Reuters) - Banca Popolare dell‘Emilia Romagna says:

* 2016 net income 14.3 mln euros down from 220.7 mln euros

* Net of non-recurring items 2016 net profit 71.5 mln euros vs 62.1 mln euros in 2015

* To pay dividend of 6 euro cents a share over 2016 results vs 10 euro cents in 2015

* Fully phased CET1 ratio 13.3 percent at end-Dec versus 14.13 percent at end-Sept

* Loan writedowns 620 mln euros in 2016, down 12 percent year-on-year

* Cost of credit 136 bps in 2016 down from 162 bps in 2015

* Wrote down paid-in stake in banking industry bailout fund Atlante by 34.8 percent

* Paid 74 mln euro contribution to resolution and deposit guarantee funds

* Net interest income down 4.7 pct, fees down 1.9 pct

* To present new business plan by end of summer to reflect changes in market conditions Source text for Eikon: Further company coverage: (Reporting by Milan Newsroom)

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