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Unione di Banche Italiane SpA (UBI.MI)

UBI.MI on Milan Stock Exchange

3.84EUR
25 Sep 2018
Change (% chg)

€0.08 (+2.02%)
Prev Close
€3.76
Open
€3.78
Day's High
€3.85
Day's Low
€3.77
Volume
6,887,660
Avg. Vol
9,808,722
52-wk High
€4.63
52-wk Low
€3.08

Latest Key Developments (Source: Significant Developments)

UBI CEO says buying Carige wasn't in bank's plans
Friday, 3 Aug 2018 

Aug 3 (Reuters) - UBI Banca CEO Victor Massiah tells media call::ASKED IF BANK COULD CONSIDER BUYING CARIGE, SAYS "SUCH A SCENARIO WAS NEVER IN OUR PLANS".  Full Article

UBI CEO says won't sell debt collection business
Friday, 3 Aug 2018 

Aug 3 (Reuters) - UBI CEO Victor Massiah tells media call::DEBT COLLECTION BUSINESS IS NOT UP FOR SALE.BELIEVES BANK COULD REACH TARGET OF GROSS NPE RATIO BELOW 10 PERCENT BY MID-2019.  Full Article

UBI Banca's Chinese JV Selected To Manage Money Market Fund
Monday, 16 Jul 2018 

July 16 (Reuters) - Unione di Banche Italiane SpA ::ZHONG OU, UBI BANCA CHINESE JOINT VENTURE, SELECTED TO MANAGE ONE OF NEW MONEY MARKET FUNDS OFFERED ON FINANCIAL PLATFORM OF ALIBABA, E-COMMERCE GIANT.  Full Article

UBI says nothing on table over possible merger with Banca Carige
Wednesday, 4 Jul 2018 

July 4 (Reuters) - Italian lender UBI Banca's head of supervisory board, Andrea Moltrasio, says: :NOTHING ON THE TABLE REGARDING POSSIBLE MERGER WITH BANCA CARIGE, DENYING REPORT IN ITALIAN DAILY .  Full Article

UBI Banca Fully Loaded CET1 Ratio At End-March At 11.64 Pct
Friday, 11 May 2018 

May 11 (Reuters) - Unione di Banche Italiane SpA ::FULLY LOADED CET1 RATIO AT END-MARCH AT 11.64 PERCENT FROM 11.43 PERCENT AT END-DECEMBER.Q1 NET INTEREST INCOME 437.8 MILLION EUROS VS EUR EUR 478.9 MLN IN Q4 2017.Q1 NET PROFIT A 117.7 MILLION EUROS VERSUS 84 MILLION EURO ESTIMATE IN CONSENSUS PROVIDED BY COMPANY.Q1 NET COMMISSION INCOME 407.3 MILLION EUROS VERSUS 395 MILLION EUROS IN Q4 2017.Q1 NET LOAN WRITEDOWNS 117.7 MILLION EUROS VERSUS 310.7 MILLION EUROS IN Q4 2017.GROSS NON PERFORMING LOANS AT END-MARCH 12.74 PERCENT OF TOTAL GROSS LOANS VERSUS 12.85 PERCENT AT JAN 1, 2018.COVERAGE OF NON PERFORMING EXPOSURES AT END-MARCH INCREASED TO 40.35% AND TO 49.83% INCLUDING WRITEOFFS.ACTIVITIES FOR DISPOSAL OF FIRST TRANCHE OF NPL PORTFOLIO AS PART OF NPL STRATEGY ARE PROCEEDING ON SCHEDULE.INDICATIONS CONCERNING BUSINESS OUTLOOK GIVEN WITH 2017 RESULTS ARE CONFIRMED.  Full Article

UBI Banca says never obstructed regulators, did not influence s'holder meeting outcome
Friday, 27 Apr 2018 

April 27 (Reuters) - Unione di Banche Italiane says::IT NEVER OBSTRACTED REGULATORS AND DID NOT INFLUENCE OUTCOME OF SHAREHOLDER MEETING.ALWAYS ACTED CORRECTLY, TRIAL WILL PROVE IT.ALL MANAGERS, DIRECTORS WILL CARRY ON WITH THEIR JOBS.  Full Article

UBI Banca Completes Issue Of "Dual Tranche" Covered Bonds For EUR 1 Bln
Monday, 8 Jan 2018 

Jan 8 (Reuters) - UBI BANCA ::COMPLETES ISSUE OF DUAL TRANCHE COVERED BONDS FOR EUR 1 BILLION DUE IN 6.5 AND IN 12 YEARS.REQUESTS FOR BOND SUBSCRIBTION WERE 30 PERCENT MORE THAN THE AMOUNT OFFERED.  Full Article

UBI Banca ‍says ECB sets minimum CET1 ratio requirement for 2018 of 8.625 pct​
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Ubi Banca says::‍ECB HAS SET NEW MINIMUM CET1 RATIO REQUIREMENT OF 8.625%​.  Full Article

UBI supervisory board approves single-board system
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - UBI Banca says: :GUIDELINES APPROVED TODAY BY SUPERVISORY BOARD ENVISAGE ADOPTION OF A SINGLE TIER GOVERNANCE SYSTEM.BANK TO HAVE SINGLE BOARD OF DIRECTORS COMPOSED OF 15 MEMBERS.WITHIN BOARD THERE WILL BE MANAGEMENT CONTROL COMMITTEE OF FIVE MEMBERS.TWO THIRDS OF BOARD MEMBERS WILL BE INDEPENDENT.  Full Article

Italy's UBI says ECB requires regular updates on bad loan from all banks
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Italy's Ubi Banca says::REGULAR UPDATES ON BAD LOAN PLANS IS REQUIRED BY ECB FROM ALL BANKS, NOT JUST UBI.CONFIRMS STRATEGY THAT GIVES PRIORITY TO INTERNAL MANAGEMENT OF CREDIT RECOVERY WITH THE DISPOSAL OF BAD LOANS AS A RESIDUAL OPTION.ITALY'S UBI BANCA SAYS NO FURTHER DEVELOPMENTS ON BAD LOAN FRONT HAVE OCCURRED SINCE LAST PLAN PRESENTED TO MARKET, WHICH BEAT NPL REDUCTION TARGETS FOR 2017.  Full Article

UPDATE 1-UBI CEO, chairman sent to trial over governance allegations - sources

BERGAMO, Italy, April 27 The chief executive and chairman of UBI Banca were sent to trial with another 28 people on Friday over alleged governance irregularities at Italy's fifth-largest bank, a court document reviewed by Reuters showed.