Reuters logo
6 months ago
BRIEF-Carige posts 2016 loss of 297 mln euros hit by loan losses
February 10, 2017 / 5:17 PM / 6 months ago

BRIEF-Carige posts 2016 loss of 297 mln euros hit by loan losses

1 Min Read

Feb 10 (Reuters) - Banca Carige says:

* Phased-in CET1 ratio 11.3 percent at end-2016 versus 12.3 percent at end-Sept

* Has set aside 470 mln euros in cash against loan losses, up from 319 mln euros in 2015 due in part to impact of ECB's inspection in H1

* Net loss 297 million euros

* Problem loan coverage ratio 45 percent at end-2016 (46 percent end-Sept), bad loan coverage ratio 63 percent (61 percent end-Sept)

* Direct funding from clients 15.8 billion at end-2016 from 18.1 billion end-2015

* Liquidity coverage ratio 124 percent end-2016, above SREP's requirement of 90 percent

* Booked 70 million euro gross charge which includes various contributions to rescue funds and 5.4 million euro devaluation of Atlante stake Source text for Eikon: Further company coverage: (Reporting by Milan Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below