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Banco Bpm SpA (BAMI.MI)

BAMI.MI on Milan Stock Exchange

2.09EUR
10:18am GMT
Change (% chg)

€0.00 (+0.14%)
Prev Close
€2.09
Open
€2.08
Day's High
€2.10
Day's Low
€2.06
Volume
8,226,833
Avg. Vol
28,056,361
52-wk High
€3.29
52-wk Low
€1.52

Latest Key Developments (Source: Significant Developments)

Banco BPM says lower staff costs to offset higher debt servicing costs-CEO
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Banco BPM Giuseppe Castagna tells analyst call::NO P&L EFFECT FROM DEBT COLLECTION UNIT DEAL AS STAFF COST REDUCTION OFFSETS HIGHER DEBT SERVICING COSTS.  Full Article

Banco BPM says situation worse than business plan assumes
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Banco BPM CEO Giuseppe Castagna tells analyst call::DEVELOPMENTS OF LAST FEW MONTHS LEAD BANK TO BE CAUTIOUS OVER BUSINESS PLAN ASSUMPTIONS ON GDP GROWTH, LEVEL OF PERFORMING LOANS .ASSUMPTIONS "MUCH HIGHER THAN WE'RE EXPERIENCING".  Full Article

Banco BPM studying best combination of consumer finance, bad loan sales-CEO
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Banco BPM CEO Giuseppe Castagna tells analyst call::EXPECTS SOME LOAN REPRICING FROM 2019 BUT HIGH-QUALITY FINANCING ALWAYS WELCOME AND BANK WANTS TO GROW MARKET SHARE.STUDYING HOW BEST TO COMBINE RATIONALISATION OF CONSUMER FINANCE ACTIVITIES WITH BAD LOAN SALE, NEEDS "COUPLE OF WEEKS" TO BE MORE PRECISE.CONSUMER BUSINESS AGOS CONTRIBUTES AROUND 80-90 MILLION EUROS TO GROUP'S NET PROFIT PER YEAR.  Full Article

Banco BPM Completes Sale Of The Depositary Bank Business Line
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Banco Bpm SpA ::COMPLETES TRANSFER TO BNP PARIBAS SECURITIES SERVICES OF DEPOSITORY BANK AND FUND ADMINISTRATION BUSINESS UNIT.TRANSACTION VALUE COMES IN AT 200 MILLION EURO, WITH A FULLY-LOADED CET1 BENEFIT OF 34 BPS.TRANSACTION GENERATES RECOGNITION IN Q3 OF PRE-TAX INCOME FOR THE SAME AMOUNT AS TRANSACTION VALUE.  Full Article

Banco BPM Completes EUR 500 Mln Covered Bond Issue
Wednesday, 18 Jul 2018 

July 19 (Reuters) - Banco BPM SpA ::SAID ON WEDNESDAY THAT PLACED A COVERED BOND 5-YEARS AND TWO.MONTHS LONG ("OBBLIGAZIONI BANCARIE GARANTITE") FOR EUR 500 MLN TO INSTITUTIONAL INVESTORS .THE PLACEMENT IS PART OF THE COMPANY'S EUR 10 BLN OBG PROGRAMME (BPM COVERED BOND 2).THE COVERED BOND ISSUANCE HAS A YIELD EQUAL TO REFERENCE MID-SWAP RATE + 95 BASIS POINTS, A FIXED RATE COUPON OF 1.125 PCT AND A MATURITY DATE ON THE SEPT. 25, 2023.THE TRANSACTION WAS OVER-SUBSCRIBED, WITH ORDERS FOR MORE THAN EUR 600 MLN.  Full Article

Cerberus working on offer for Banco BPM bad loans, debt recovery unit
Thursday, 5 Jul 2018 

July 5 (Reuters) - Cerberus senior advisor for Europe Roberto Nicastro says::WORKING ON A POSSIBLE OFFER FOR BAD LOANS AND DEBT RECOVERY BUSINESS PUT UNDER DISPOSAL BY BANCO BPM.  Full Article

Banco BPM may go beyond targets in bad loan reduction plan - CEO
Wednesday, 9 May 2018 

May 9 (Reuters) - Banco BPM::EXPECTS 5 BLN EURO BAD LOAN SECURITISATION DEAL BACKED BY STATE GUARANTEE TO RECEIVE CREDIT RATINGS IN MAY - SLIDE.IN TOUCH WITH INVESTORS FOR PLACEMENT OF JUNIOR AND MEZZANINE TRANCHES IN 5 BLN EURO BAD LOAN SALE- SLIDE.GROSS PROBLEMATIC LOANS 19.6 BLN EUROS PRO-FORMA FOLLOWING 5 BLN EURO SALE EXPECTED IN H1- SLIDE.EXPECTS TO SELL FURTHER 3.5 BLN EUROS IN BAD LOANS BY END-2020 - SLIDE.BANCO BPM CEO SAYS MAY GO BEYOND DE-RISKING PLAN TARGETS.BANCO BPM CEO SAYS HAS RECEIVED SEVERAL EXPRESSIONS OF INTEREST FOR DEBT RECOVERY BUSINESS, BAD LOAN PORTFOLIOS FOLLOWING INTESA-INTRUM DEAL.EXPECTS TO CLOSE FURTHER 312 RETAIL BRANCHES IN H1 - SLIDE.  Full Article

Banco Bpm says EUR 500 mln bond unsecured issue successfully completed
Monday, 16 Apr 2018 

April 16 (Reuters) - Banco Bpm SpA ::EURO 500 MILLION 5-YEAR SENIOR PREFERRED BOND UNSECURED ISSUE SUCCESSFULLY COMPLETED.BOND PAYS A FIXED RATE COUPON OF 1.75% AND HAS AN ISSUE PRICE OF 99.64%, CONSISTENT WITH A SPREAD OF 1.45% OVER 5-YEAR SWAP RATE.TRANSACTION ENCOUNTERED GOOD DEMAND, WITH APPROX. 90 INSTITUTIONAL INVESTORS INVOLVED AND AN ORDER-BOOK HIGHER THAN EUR 700 MILLION.  Full Article

Banco BPM Closes Sale Of Stake In Insurance Companies To Cattolica Assicurazioni
Thursday, 29 Mar 2018 

March 30 (Reuters) - BANCO BPM ::REPORTED ON THURSDAY HAS FINALIZED THE SALE TO CATTOLICA ASSICURAZIONI OF 65% OF THE SHARE CAPITAL OF AVIPOP ASSICURAZIONI AND POPOLARE VITA (THE INSURANCE COMPANIES) .THE VALUE RECOGNIZED BY CATTOLICA ASSICURAZIONI, IN KEEPING WITH THE CONTRACT PROVISIONS, AMOUNTS TO 853.4 MILLION EURO.THE ORDINARY DIVIDENDS OF THE INSURANCE COMPANIES FOR FINANCIAL YEAR 2017 (89.1 MILLION EURO) ARE FULLY ATTRIBUTABLE TO BANCO BPM .THE SALE OF THE SHAREHOLDINGS TO CATTOLICA ASSICURAZIONI GENERATES AN ESTIMATED TOTAL CAPITAL GAIN OF APPROX. 190 MILLION NET OF TAX EFFECT.THE ESTIMATED POSITIVE IMPACT ON THE COMMON EQUITY TIER 1 RATIO AT 31 DECEMBER 2017 COMES IN AT +16 BASIS POINT .  Full Article

Banco Bpm completes 750 mln Euro 7-Year Covered Bond Issue
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Banco Bpm ::‍EURO 750 MILLION 7-YEAR COVERED BOND ISSUE SUCCESSFULLY COMPLETED​.‍TRANSACTION WAS OVER-SUBSCRIBED WITH ORDERS FOR MORE THAN 1 BILLION EUROS​.  Full Article

Italy - Factors to watch on Dec. 10

The following factors could affect Italian markets on Monday.