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Banco Bpm SpA (BAMI.MI)

BAMI.MI on Milan Stock Exchange

2.82EUR
19 Jan 2018
Change (% chg)

€-0.03 (-0.98%)
Prev Close
€2.85
Open
€2.86
Day's High
€2.89
Day's Low
€2.82
Volume
18,770,000
Avg. Vol
26,943,175
52-wk High
€3.58
52-wk Low
€2.16

Latest Key Developments (Source: Significant Developments)

Banco Bpm completes 750 mln Euro 7-Year Covered Bond Issue
Wednesday, 17 Jan 2018 

Jan 16 (Reuters) - Banco Bpm ::‍EURO 750 MILLION 7-YEAR COVERED BOND ISSUE SUCCESSFULLY COMPLETED​.‍TRANSACTION WAS OVER-SUBSCRIBED WITH ORDERS FOR MORE THAN 1 BILLION EUROS​.  Full Article

Banco BPM says ECB set 2018 capital minimum threshold at 8.875 pct
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Banco BPM says::ECB HAS SET MINIMUM THRESHOLD FOR BANK'S 2018 CET1 AT 8.875 PERCENT BASED ON PHASE-IN CRITERIA, FOLLOWING ANNUAL SREP REVIEW.EXCEEDS ECB CAPITAL REQUIREMENTS.ITS OTHER SYSTEMICALLY IMPORTANT (SII) BUFFER FOR 2018 IS ZERO.  Full Article

Banco BPM to hike NPL sale goal by 3 bln euros after new accounting rules - CEO to paper
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Banco BPM CEO Giuseppe Castagna tells Il Sole 24 Ore in an interview: :IFRS9 ACCOUNTING RULES ALLOW COMPANY TO RAISE BAD LOAN REDUCTION TARGET TO 11 BILLION EUROS FROM 8 BILLION EUROS WITHOUT IMPACTING ON BALANCE SHEET .SEES NET INTEREST INCOME RISING IN Q4 OF 2017 .SEES COST SAVINGS OF MORE THAN 100 MILLION EUROS FROM HIGHER-THAN-EXPECTED VOLUNTARY LAYOFFS .NO NEED FOR SALE OF STAKE IN AGOS DUCATO - PAPER.EO REITERATES NET PROFIT TARGET OF 1 BILLION EUROS IN 2019, EXCLUDES NEED FOR ANOTHER CAPITAL INCREASE .  Full Article

Banco BPM close to picking buyer for 1.8 bln euros in bad loans - CEO
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Banco BPM CEO Giuseppe Castagna says::HAS RECEIVED SEVERAL BINDING OFFERS FOR 1.8 BILLION EURO BAD LOAN PORTFOLIO, WILL PICK BUYER IN NEXT FEW DAYS.ANY POSSIBLE UPDATE TO BANK'S NPL DISPOSAL PLAN WILL BE DISCUSSED IN FEBRUARY WHEN FY RESULTS ARE APPROVED.  Full Article

Anima signs contract for credit facility and a bridge-to-equity loan
Friday, 10 Nov 2017 

Nov 10 (Reuters) - ANIMA ::SAID ON THURSDAY SIGNED DEFINITIVE AGREEMENTS WITH BANCO BPM <<>> FOR THE PURCHASE OF ALETTI GESTIELLE SGR.PAYMENT OF THE ACQUISITION WILL BE SETTLED BY ANIMA HOLDING THROUGH CASH AND WILL BE FINANCED PARTLY THROUGH ITS EQUITY AND PARTLY BY MEANS OF A BANK LOAN.INTENDS TO PROPOSE TO THE SHAREHOLDERS’ MEETING A SHARE CAPITAL INCREASE OF UP TO €300 MILLION (INCLUSIVE OF ANY SHARE PREMIUM), WITH PRE-EMPTION RIGHTS.SAID ALSO ENTERED INTO A CONTRACT FOR A MEDIUM LONG-TERM REVOLVING CREDIT FACILITY WITH A POOL OF BANKS FOR UP TO €550 MLN AND A BRIDGE-TO-EQUITY LOAN UP TO A MAXIMUM OF.€300 MILLION TO BE REPAID WITH THE PROCEEDS OF THE ABOVE MENTIONED CAPITAL INCREASE.ANIMA HOLDING WILL ENTIRELY PAY BACK IN ADVANCE THE EXISTING FINANCING (€180MILLION MATURING ON JUNE 30, 2019) WITH ITS OWN FUNDS CURRENTLY AVAILABLE.  Full Article

Banco BPM CEO rules out needing to raise capital due to bad loans
Friday, 10 Nov 2017 

Nov 9 (Reuters) - Banco BPM CEO Giuseppe Castagna tells analyst call::In the final phase of 2 billion euro unsecured bad loan sale, to receive binding offers in coming weeks to close by year-end.Aims to further increase share of non-Italian government bonds this year to diversify portfolio.Outflows from unlikely-to-pay to performing loans up 66 percent in first nine months.Rules out bank may need capital increase because of bad loans.Bank is in a position to use excess capital to further dispose of bad loans or increase coverage.Sees gross npe ratio at 16.1 percent in 2019 versus 17.9 percent under plan approved by ECB at time of merger - slide.  Full Article

Banco BPM posts 9-month net profit of 53 mln euros
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Banco BPM says::nine-month net profit 53 million euros.coverage of gross non-performing loans rises to 49.1 percent at end-Sept.net fees and commissup 13.3 percent y/y in first nine months at 1.577 billion euros.loan loss provisions at 988 million euros in first nine months.pro-forma phased-in CET1 ratio 12.82 percent.pro-forma fully-phased CET1 ratio 12.49 percent.  Full Article

Banco Bpm to sell 65 pct stake in Avipop and Popolare Vita to Cattolica for Euro 853.4 mln
Saturday, 4 Nov 2017 

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​.  Full Article

Banco BPM picks Cattolica for exclusive talks on bancassurance deal
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Banco BPM says on Tuesday::enters exclusive talks with insurer Cattolica Assicurazioni over a bancassurance partnership regarding life and non-life business.period of exclusivity of two weeks will be granted to finalise the terms of the deal .  Full Article

Banco BPM to complete sale of 8 bln euros worth of bad debt by June 2018 - CEO to paper
Monday, 2 Oct 2017 

Oct 2 (Reuters) - Banco BPM CEO Giuseppe Castagna told Affari&Finanza in an interview: :bank plans to complete sale of 8 billion euros ($9.41 billion) worth of non-performing loans by June 2018 .Planned branch closures could exceed 500 .  Full Article

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BNP Paribas frontrunner to buy Banco BPM's depositary banking business: sources

MILAN France's BNP Paribas is the frontrunner to buy the depositary banking business of Italy's Banco BPM , which could be worth around 200 million euros ($245 million), two sources close to the matter said.