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Bper Banca SpA (EMII.MI)

EMII.MI on Milan Stock Exchange

4.67EUR
18 May 2018
Change (% chg)

€-0.33 (-6.64%)
Prev Close
€5.00
Open
€5.04
Day's High
€5.04
Day's Low
€4.65
Volume
10,822,608
Avg. Vol
5,232,664
52-wk High
€5.18
52-wk Low
€3.81

Latest Key Developments (Source: Significant Developments)

Bper Q1 Net Profit At EUR 251.0 Mln, Fully Phased CET1 Ratio Of 11.71 Pct At End-March
Tuesday, 8 May 2018 

May 8 (Reuters) - Bper Banca SpA ::PHASED IN CET1 RATIO AT END-MARCH AT 14.61 PERCENT.Q1 INTEREST INCOME EUR 293.2 MILLION VERSUS EUR 288.1 MILLION YEAR AGO.Q1 NET COMMISSIONS EUR 198.1 MILLION VERSUS EUR 177.4 MILLION YEAR AGO.Q1 NET ADJUSTMENTS TO LOANS AND OTHER FINANCIAL ASSETS AMOUNT TO EUR 24.4 MILLION.COVERAGE OF NON-PERFORMING LOANS AT END-MARCH AT 57.4%.COVERAGE OF BAD LOANS AT END-MARCH AT 66.5%, COVERAGE OF UNLIKELY-TO-PAY LOANS AT 39.9%.NEW GROSS NPE TARGET RATIO IS NOW AROUND 11.5% IN 2020 AND BELOW THE THRESHOLD OF 10.0% IN 2021.Q1 NET PROFIT EUR 251.0 MILLION VERSUS EUR 14.6 MILLION YEAR AGO.CET1 RATIO FULLY PHASED AT END-MARCH OF 11.71%.HAS SELECTED PORTFOLIO OF GROSS NON-PERFORMING LOANS POTENTIALLY TRANSFERABLE OF AROUND EUR 6.4 BILLION.IFRS 9 LED TO ADDITIONAL PROVISIONS FOR TOTAL OF MORE THAN EUR 1.1 BILLION AT END-MARCH.BAD LOANS HELD FOR SALE OVER THE THREE-YEAR PERIOD TO 2020 WITH GROSS BOOK VALUE OF BETWEEN € 3.5 AND € 4.0 BILLION.  Full Article

BPER Banca says ECB set 2018 CET1 minimum threshold at 8.125 pct
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - BPER Banca says ::ECB SETS MINIMUM REQUIREMENT FOR CET1 RATIO AT 8.125 PERCENT.BANK'S CURRENT CET1 RATIO IS ABOVE 14 PERCENT WITH 2 BLN EURO BUFFER COMPARED TO MINIMUM REQUIREMENT.NEW CET1 REQUIREMENT RESULTING FROM SREP PROCESS IN PLACE FROM JAN. 1, 2018, COMPARES WITH 7.25 PERCENT REQUIREMENT IN 2017.TOTAL CAPITAL RATIO REQUIREMENT IS 11.625 PERCENT COMPARES WITH BANK'S CURRENT 16.89 PERCENT ON PHASED-IN BASIS.SHARES IN BPER UP MORE THAN 2 PCT OUTPERFORMING SECTOR .  Full Article

BPER CEO says bank does not need further capital
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - BPER Banca CEO Alessandro Vandelli tells analysts call::"Absolutely convinced" bank does not need any capital injection.Has room to sell more bad loans than the 3 billion euros targeted at present and reach gross NPE ratio "not far" from 10 percent .  Full Article

BPER 2016 net income plunges 94 pct hit by one-offs
Thursday, 9 Feb 2017 

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.  Full Article

Popolare Emilia shares up strongly after core capital jumps
Friday, 5 Aug 2016 

Banca Popolare Dell'Emilia Romagna: Shares up more than 7 percent after initially failing to start trading . CET1 capital ratio jumped to 14.13 percent at the of June on a fully-loaded basis, from 11.48 percent at the end of March, after the European Central Bank validated the bank's internal risk models [nI6N1AD023] Further company coverage: [EMII.MI] (Reporting by Milan Newsroom).  Full Article

BPER to pursue bad loan reduction, but no hurry - CEO
Thursday, 4 Aug 2016 

Popolare Emilia Romagna Chief Executive Alessandro Vandelli tells analyst call: Bank has enough capital to manage bad loan ratios but wants to see how the non-performing loan market evolves before deciding best strategy to pursue NPL reduction . Bank has targets for NPL ratios but no particular pressure in reaching them thanks to its strong capital position . The 40 percent coverage ratio for unlikely-to-pay and past-due loans seen in the rescue deal of Monte dei Paschi di Siena would be "nonsense" for the kind of portfolio that BPER has . New sale of bad loans scheduled for the second half of the year will have little impact on P&L, like previous one . In the process of completing database for new bad loans sales, expects to start process at the end of August . Bank's risk appetite in M&A has not changed due to CET1 ratio increase . Ready to assess opportunities but believes it is important not to take on high risks in M&A . Cost of risk this year to be around 120 basis points Further company coverage: [EMII.MI] (Reporting by Milan Newsroom).  Full Article

Italy's BPER says ECB approved adoption of internal risk models
Monday, 27 Jun 2016 

Banca Popolare dell'Emilia Romagna says: the European Central Bank has approved the adoption of internal models for the measurement of capital requirements for credit risk .the application of these models will give the group's capital ratio a "considerable boost" starting from first-half results.  Full Article

Italy's BPER Banca could cut soured debt ratio below 14 pct this year-source

MILAN, April 23 Italy's BPER Banca could lower its soured debts faster than expected this year, cutting their share in terms of total lending below 14 percent from 19.8 percent at the end of 2017, a financial source said.