Company Profile For Banca Popolare dell'Emilia Romagna SCaRL

Banca Popolare dell'Emilia Romagna (BPER) is an Italy-based banking group offering traditional banking services to individuals, businesses, freelancers and public entities. Its network of 11 banks includes Banca Popolare di Ravenna SpA, Banca Popolare di Lanciano e Sulmona SpA, Banca Popolare del Materano SpA, Banca CRV Cassa di Risparmio di Vignola SpA, Banca Popolare del Mezzogiorno SpA, Banca Popolare di Aprilia SpA, Banca Popolare dell’Emilia Romagna International SA, Banca della Campania SpA, Banco di Sardegna SpA, Cassa di Risparmio della Provincia dell’Aquila SpA, Banca di Sassari SpA and Eurobanca del Trentino SpA. In addition, it offers various financial services, such as leasing, real estate and factoring, through a number of its subsidiaries. BPER has representative offices in Ireland, Luxembourg, Switzerland, Bosnia, Croatia, the Czech Republic, Slovakia, Romania, Serbia, Slovakia, Slovenia, Hungary and China, among others.

BRIEF: For the nine months ended 30 September 2009, Banca Popolare dell'Emilia Romagna's interest income decreased 21% to EUR1.69B. Net interest income after loan loss provision decreased 37% to EUR607.4M. Net income from continuing operations decreased 48% to EUR109.8M. Interest income reflects a decrease in the volume of loans issued to customers. Net income from continuing operations suffered from decreased operating margins.