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BRIEF-BPER targets 400-450 mln euro loan writedowns in 2017-CEO
February 9, 2017 / 6:33 PM / in 8 months

BRIEF-BPER targets 400-450 mln euro loan writedowns in 2017-CEO

Feb 9 (Reuters) - Banca Popolare Emilia Romagna (BPER) CEO Alessandro Vandelli tells analyst call:

* Has strong commitment to keep loan writedowns at 400-450 million euros this year

* Reducing the NPL ratio remains a priority for the group, will give targets in a month with new business plan

* Loan writedowns risk being higher only if it decides to quickly reduce NPL ratio but favours gradual reduction

* Expects capital hit from possible CariFerrara acquisition to be “very, very small”

* Targets 2 percent loan growth in 2017 Further company coverage: (Reporting by Milan Newsroom)

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