Reuters logo
BRIEF-Banco BPM CEO rules out needing to raise capital due to bad loans
November 9, 2017 / 6:52 PM / a month ago

BRIEF-Banco BPM CEO rules out needing to raise capital due to bad loans

Nov 9 (Reuters) - Banco BPM CEO Giuseppe Castagna tells analyst call:

* In the final phase of 2 billion euro unsecured bad loan sale, to receive binding offers in coming weeks to close by year-end

* Aims to further increase share of non-Italian government bonds this year to diversify portfolio

* Outflows from unlikely-to-pay to performing loans up 66 percent in first nine months

* Rules out bank may need capital increase because of bad loans

* Bank is in a position to use excess capital to further dispose of bad loans or increase coverage

* Sees gross npe ratio at 16.1 percent in 2019 versus 17.9 percent under plan approved by ECB at time of merger - slide 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