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Bper Banca SpA (EMII.MI)

EMII.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

BPER Announces Supplementary Agreement For Acquisition Of Going Concern From Intesa Sanpaolo
Friday, 13 Nov 2020 

Nov 12 (Reuters) - Bper Banca S.P.A. ::BPER BANCA S.P.A. - SUPPLEMENTARY AGREEMENT FOR THE ACQUISITION OF A GOING CONCERN FROM THE INTESA SANPAOLO GROUP .SCOPE OF GOING CONCERN COMPRISES 486 BRANCHES WITH ACCOUNTING AUTONOMY AND WHERE CUSTOMERS' ACCOUNTS ARE LEGALLY REGISTERED.HUMAN RESOURCES INVOLVED IN GOING CONCERN COME TO A TOTAL OF 5,107 EMPLOYEES.BPER - SCOPE OF GOING CONCERN COMPRISES 134 SO-CALLED OPERATIONAL UNITS WHICH ENSURE SERVICES TO BRANCH CUSTOMERS AND DO NOT HAVE ACCOUNTING AUTONOMY.BPER - AT PRESENT, PRUDENTIAL ECONOMIC ESTIMATES OF CONTRIBUTION OF GOING CONCERN TO COMBINED ENTITY (BPER GROUP + GOING CONCERN) ARE CONFIRMED.  Full Article

Intesa to present new plan, complete UBI integration by end-2021
Wednesday, 4 Nov 2020 

Nov 4 (Reuters) - Italy's Intesa Sanpaolo says in presentation slides on its website following third-quarter earnings::TO PRESENT NEW BUSINESS PLAN BY END-2021 ONCE MACROECONOMIC PICTURE CLEARER .HAS ACCELERATED DIGITALISATION OF OPERATIONS, WITH WORK-FROM-HOME ACTIVATED FOR OVER 63,000 INTESA EMPLOYEES, 77,000 WHEN INCLUDING UBI.TO USE PART OF NEGATIVE GOODWILL IN Q4 TO WRITE DOWN IMPAIRED LOANS AND SPEED UP REDUCTION .AROUND 700 MILLION EUROS IN SYNERGIES ESTIMATED FROM 2024 FROM UBI DEAL ARE NOW CONSIDERED A FLOOR FOR BOTH COSTS AND REVENUES .TO IDENTIFY BY DEC. 2020 BRANCHES TO BE SOLD TO BPER BANCA, TO CLOSE DISPOSAL BY FEB. 2021 .TO COMPLETE INTEGRATION OF UBI BANCA AND SALE OF UBI'S IMPAIRED LOANS BY DEC. 2021 .HELD 93.35 BILLION EUROS IN ITALIAN GOVERNMENT BONDS AS OF SEPT. 30 WHEN INCLUDING BOTH BANKING AND INSURANCE BUSINESS, WITHOUT INCLUDING UBI BANCA .  Full Article

Italy's BPER says antitrust authority cleared deal with Intesa
Friday, 7 Aug 2020 

Aug 7 (Reuters) - BPER Banca says::AUTHORIZATION OBTAINED FROM ITALY'S ANTITRUST AUTHORITY FOR ACQUISITION OF A GOING CONCERN FROM INTESA SANPAOLO GROUP .AUTHORITY HAS BEEN ABLE TO ASCERTAIN THAT THE TRANSACTION DOES NOT RAISE ANY ANTITRUST ISSUES .  Full Article

Intesa CEO says June best month of the year for fees
Tuesday, 4 Aug 2020 

Aug 4 (Reuters) - Intesa Chief Executive Carlo Messina tells analyst call::JUNE BEST MONTH OF THE YEAR FOR COMMISSIONS.HOUSEHOLD DEPOSITS INCREASED BY 20 BILLION EUROS IN PAST 12 MONTHS.THERE IS AMPLE ROOM FOR FURTHER BRANCH REDUCTION.  Full Article

Intesa says domestic sovereign exposure up in Q2
Tuesday, 4 Aug 2020 

Aug 4 (Reuters) - Intesa SanPaolo says in presentation slides on its website::BANK HELD 89.55 BILLION EUROS IN DOMESTIC GOVERNMENT BONDS AT END-JUNE WHEN INCLUDING BOTH BANKING AND INSURANCE BUSINESSES VERSUS 85.57 BILLION EUROS AT END-MARCH - SLIDE.NEGATIVE GOODWILL FROM UBI DEAL AROUND 2.8 BILLION EUROS AS OF JULY 31 TAKING INTO ACCOUNT BPER DEAL - SLIDE.NEW INTESA-UBI GROUP WILL HAVE AROUND 20% MARKET SHARE ON LOANS, AROUND 24% IN ASSET MANAGEMENT TAKING INTO ACCOUNT REVISED BPER DEAL - SLIDE.  Full Article

BPER Completes Sale Of 95% Of Mezzanine And Junior Securities
Tuesday, 7 Jul 2020 

July 7 (Reuters) - Bper Banca SpA ::COMPLETES SALE TO AN INSTITUTIONAL INVESTOR OF 95% OF MEZZANINE AND JUNIOR TRANCHES OF SECURITIES ISSUED UNDER SECURITIZATION OF "SPRING" BAD DEBTS.AFTER PLACEMENT, BPER BANCA, BANCO DI SARDEGNA AND CASSA DI RISPARMIO DI BRA WILL DECONSOLIDATE “SPRING” BAD LOAN PORTFOLIO.BAD LOAN PORTFOLIO HAD GROSS BOOK VALUE AT SEPT. 30, 2019 OF EUR 1.2 BILLION(COMPARED WITH GROSS AMOUNT DUE OF EUR 1.4 BILLION).COMPLETION OF SALE ENTAILS IMPROVEMENT IN GROSS NPE RATIO OF BPER GROUP, ESTIMATED AT 9.3% PRO-FORMA ON FIGURE FOR Q1 2020.  Full Article

UBI may consider BPER tie-up again if Intesa's bid fell through - CEO
Friday, 3 Jul 2020 

July 3 (Reuters) - UBI Banca CEO Victor Massiah tells media call::M&A TALKS WITH BPER WERE VERY ADVANCED, IT WAS NOT UBI'S DECISION TO BREAK THEM UP."NEVER SAY NEVER" WHEN ASKED IF UBI MAY CONSIDER AGAIN A TIE-UP WITH BPER WERE BANK TO REMAIN INDEPENDENT.  Full Article

UBI to speed up M&A search if it remains independent - CEO
Friday, 3 Jul 2020 

July 3 (Reuters) - UBI BANCA: :CEO VICTOR MASSIAH SAYS BANK HAS SOME "HIDDEN TREASURES" ON ITS BALANCE SHEET IT CAN USE TO SUSTAIN DIVIDENDS.CEO VICTOR MASSIAH SAYS BOOK VALUE OF CHINESE JV UNDERESTIMATES ITS CURRENT VALUE.CEO VICTOR MASSIAH SAYS BANK MAY INCREASE TLTRO TAKE-UP AT THE NEXT ROUND.CEO VICTOR MASSIAH SAYS IF BANK REMAINS INDEPENDENT IT WILL IMMEDIATELY ACCELERATE SEARCH FOR ALTERNATIVE M&A SOLUTION, BUT IT MUST BE FRIENDLY.UBI CHAIRWOMAN LETIZIA MORATTI SAYS BOARD HAS ASKED CEO TO ACCELERATE M&A SEARCH BY THE END OF CURRENT YEAR.  Full Article

BPER Completes Sale of "SPRING" Bad Loan Portfolio For EUR 1.2 Bln
Thursday, 18 Jun 2020 

June 18 (Reuters) - Bper Banca SpA ::SALE OF PORTFOLIO OF BAD LOANS, CALLED "SPRING", FOR A GROSS BOOK VALUE OF € 1.2 BILLION THROUGH A SECURITISATION FOR WHICH THE ITALIAN STATE GUARANTEE WILL BE REQUESTED ON THE SENIOR TRANCHE OF THE NOTES ("GACS").GROSS STOCK OF BAD LOANS RETURNED TO PRE-CRISIS LEVELS, SO DOWN BY ABOUT 70% IN THE LAST FOUR YEARS.PRO-FORMA GROSS NPE RATIO BASED ON MARCH 2020 FIGURES EXPECTED TO DROP SIGNIFICANTLY TO 9.3%."SPRING" IS GROUP'S THIRD SECURITISATION OF BAD LOANS BACKED BY GACS STATE GUARANTEE.  Full Article

BPER Q1 Net Profit At EUR 6.1 Mln
Wednesday, 6 May 2020 

May 6 (Reuters) - BPER Banca SpA ::Q1 NET PROFIT EUR 6.1 MILLION VERSUS LOSS EUR 143.3 MILLION IN Q4.Q1 FEES EUR 267.6 MILLION VERSUS EUR 275.9 MILLION IN Q4.Q1 NET INTEREST INCOME EUR 308.0 MILLION VERSUS EUR 302.4 MILLION IN Q4.FULLY LOADED CET1 RATIO AT END-MARCH AT 12.07%.GROSS NON-PERFOMING EXPOSURE RATIO AT END-MARCH AT 11.1% VERSUS 11.1% AT END-DEC.NON-PERFORMING LOAN COVERAGE RATIO AT END-MARCH AT 51.9% VERSUS 51.0% AT END-DEC.GROUP IS CONFIDENT OF BEING ABLE TO EXPRESS A GOOD MARGIN ON TRADITIONAL REVENUES DURING THE YEAR.SEES OPERATING COSTS TO GRADUALLY DECREASE AS CONSEQUENCE, IN PARTICULAR, OF BENEFITS ON STAFF COSTS OF PROGRESSIVE IMPLEMENTATION OF STAFF EFFICIENCY IMPROVEMENT ACTIVITIES INCLUDED IN BUSINESS PLAN.SIGNIFICANCE OF PROJECT TO ACQUIRE UNIT FROM INTESA SANPAOLO IS CONFIRMED IN FULL.PREPARATORY ACTIVITIES TO BUY UNIT PRIOR TO EXECUTION OF DEAL ARE GOING AHEAD ACCORDING TO PLAN.  Full Article

Banco BPM CEO welcomes BPER's merger overtures

MILAN Italy's third-largest bank Banco BPM on Friday welcomed the possibility of a merger with BPER , after the biggest shareholder in its rival threw its weight behind the idea.