March 22, 2018 / 7:25 AM / 6 months ago

BRIEF-UBI Banca sees capital ratios impact from model change, IFRS9 this year

March 22 (Reuters) - Ubi Banca:

* HAS RECEIVED AUTHORISATION FROM ECB TO IMPLEMENT A MODEL CHANGE

* ‍OVERALL IMPACT OF MODEL CHANGE APPROVED BY ECB IS ESTIMATED CLOSE TO NIL ON CAPITAL RATIOS AS AT END 2017​

* NEW REGULATORY REPORTING ACCORDING TO NEW MODELS WILL BE EFFECTIVE AS OF 31ST MARCH 2018

* CONTEXTUAL IMPLEMENTATION OF MODEL CHANGE AND IFRS9 FTA ARE EXPECTED TO DETERMINE AT END 2018 A TOTAL NEGATIVE IMPACT OF 12 BPS FULLY LOADED

* SAYS MODEL CHANGE AND IFRS9 FTA ARE EXPECTED TO DETERMINE AT END 2018 TOTAL NEGATIVE IMPACT OF 12 BPS FULLY LOADED AND LESS THAN 1 BP TRANSITIONAL IN FIRST YEAR OF TRANSITION PERIOD​ 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