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Banco Bpm SpA (BAMI.MI)

BAMI.MI on Milan Stock Exchange

1.77EUR
11:46am BST
Change (% chg)

€-0.02 (-1.26%)
Prev Close
€1.79
Open
€1.79
Day's High
€1.81
Day's Low
€1.76
Volume
6,218,742
Avg. Vol
27,062,615
52-wk High
€2.75
52-wk Low
€1.52

Latest Key Developments (Source: Significant Developments)

Banco BPM Completes Last Phase Of NPL Repayment Platform Project ACE
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Banco BPM SpA ::COMPLETES ACE PROJECT.COMPLETES LAST PHASE OF ACE PROJECT WITH CREATION OF PLATFORM FOR RECOVERY OF NPL.PLATFORM IS JOINT VENTURE BETWEEN CREDITO FONDIARIO AND BANCO BPM, WITH STAKES OF 70% AND 30%, RESPECTIVELY.PLATFORM WILL MANAGE BANK'S BAD LOANS AND PORTFOLIO TRANSFERRED IN FEB 2019.PORTFOLIO HAS STATE GUARANTEE (GACS) ON SENIOR NOTES.  Full Article

Banco BPM Appoints Edoardo Ginevra Chief Financial Officer
Tuesday, 28 May 2019 

May 28 (Reuters) - Banco BPM SpA ::APPOINTS EDOARDO GINEVRA CHIEF FINANCIAL OFFICER.  Full Article

DBRS assigns 'B' rating to Banco BPM's upcoming AT1 bond
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Banco BPM::DBRS ASSIGNS 'B' RATING TO BANCO BPM'S AT1 BOND.DBRS SAYS 'B' RATING IS 5 NOTCHES BELOW THE BBB (LOW) BANK'S INTRINSIC ASSESSMENT AND REFLECTS THE NOTES' DEEP SUBORDINATION.THE NOTES WILL BE BANCO BPM'S MOST JUNIOR DEBT INSTRUMENTS.  Full Article

Banco Bpm Gets Two Offers Concerning NPL Leasing Portfolio For Up To 778 Mln EUROS
Thursday, 28 Mar 2019 

March 28 (Reuters) - Banco Bpm SpA ::RECEIVED TWO OFFERS FROM CREDITO FONDIARIO AND ILLIMITY BANK CONCERNING NPL LEASING PORTFOLIO FOR UP TO 778 MLN EUROS.SAYS BOARD ASSESSED OFFERS RECEIVED FROM CREDITO FONDIARIO AND FROM ILLIMITY BANK.SAYS BOARD HAS GIVEN A MANDATE TO CHIEF EXECUTIVE OFFICER TO CONTINUE NEGOTIATION WITH POTENTIAL INVESTORS.BOARD WILL EXAMINE RESULT FOR PURPOSE OF APPROVING TRANSACTION, FROM WHICH NO MATERIAL IMPACTS ON INCOME STATEMENT ARE EXPECTED.  Full Article

Banco BPM discusses up to 778 mln euro bad loan sale with Credito Fondiario, Illimity
Thursday, 28 Mar 2019 

March 28 (Reuters) - Italy's Banco BPM says::RECEIVED TWO OFFERS FROM CREDITO FONDIARIO AND ILLIMITY BANK FOR BAD LOAN PORTFOLIO WORTH UP TO 778 MILLION EUROS COMPRISING MAINLY LEASING CONTRACTS.BOARD MANDATED CEO TO NEGOTIATE NPL SALE FROM WHICH NO MATERIAL IMPACT ON EARNINGS IS EXPECTED.  Full Article

BANCO BPM considering selling Nexi stake in IPO - CEO
Friday, 22 Mar 2019 

March 22 (Reuters) - Banco BPM CEO Giuseppe Castagna tells reporters::CONSIDERING SELLING STAKE IN NEXI IN PAYMENTS GROUP'S IPO.BANCO BPM OWNS AROUND 1.8 PCT OF NEXI.  Full Article

Banco BPM aims to pay dividend despite worse-than-expected economic conditions-CEO
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Banco BPM Giuseppe Castagna says::BANK AIMS TO PAY A DIVIDEND OVER 2019 RESULTS DESPITE WORSE-THAN-EXPECTED ECONOMIC CONDITIONS.  Full Article

Banco BPM gross NPE ratio 10.8 pct at end-2018 - slide
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Banco BPM::GROSS IMPAIRED LOAN RATIO 10.8 PERCENT AT END-2018 TAKING INTO ACCOUNT 'ACE' BAD LOAN SALE - SLIDE.  Full Article

BRIEF-Banco BPM accepts Credito Fondiario-Elliott bad loan offer
Monday, 10 Dec 2018 

Corrects closing date in final bullet point.:BANCO BPM SAYS ACCEPTS BINDING OFFER FROM CREDITO FONDIARIO-ELLIOTT CONSORTIUM FOR 7.8 BILLION EURO BAD LOAN PORTFOLIO.BANCO BPM SAYS HAS OPTION TO REDUCE AMOUNT OF BAD LOAN PORTFOLIO TO 7 BILLION EUROS.BANCO BPM SAYS SETS UP DEBT COLLECTION PARTNERSHIP WITH CREDITO FONDIARIA IN WHICH LATTER WILL OWN 70 PERCENT.BANCO BPM SAYS SIGNS 10-YEAR CONTRACT WITH SAID PLATFORM TO SERVICE 80 PERCENT OF NEW BAD LOANS.BANCO BPM SAYS DEAL VALUES DEBT COLLECTION UNIT AT 143 MILLION EUROS.BANCO BPM SAYS PREFERRED OPTION IS TO TAP GACS STATE GUARANTEE ON BAD LOAN SECURITISATION ISSUE.BANCO BPM SAYS ELLIOTT WILL BUY JUNIOR AND MEZZANINE NOTES TO BE ISSUED IN BAD LOAN SECURITISATION.BANCO BPM SAYS CET1 IMPACT OF BAD LOAN SALE, PARTNERSHIP WILL BE IN ANY CASE SMALLER THAN CAPITAL BOOST FROM CONSUMER CREDIT REORAGANISATION.BANCO BPM SAYS EXPECTS CLOSING OF DEAL END Q2 (NOT IN H2) 2019.  Full Article

Banco BPM accepts Credito Fondiaria-Elliott offer for bad loan portfolio
Monday, 10 Dec 2018 

Dec 10 (Reuters) - Banco Bpm SpA ::BANCO BPM SAYS ACCEPTS BINDING OFFER FROM CREDITO FONDIARIO-ELLIOTT CONSORTIUM FOR 7.8 BILLION EURO BAD LOAN PORTFOLIO.BANCO BPM SAYS HAS OPTION TO REDUCE AMOUNT OF BAD LOAN PORTFOLIO TO 7 BILLION EUROS.BANCO BPM SAYS SETS UP DEBT COLLECTION PARTNERSHIP WITH CREDITO FONDIARIA IN WHICH LATTER WILL OWN 70 PERCENT.BANCO BPM SAYS SIGNS 10-YEAR CONTRACT WITH SAID PLATFORM TO SERVICE 80 PERCENT OF NEW BAD LOANS.BANCO BPM SAYS DEAL VALUES DEBT COLLECTION UNIT AT 143 MILLION EUROS.BANCO BPM SAYS PREFERRED OPTION IS TO TAP GACS STATE GUARANTEE ON BAD LOAN SECURITISATION ISSUE.BANCO BPM SAYS ELLIOTT WILL BUY JUNIOR AND MEZZANINE NOTES TO BE ISSUED IN BAD LOAN SECURITISATION.BANCO BPM SAYS EXPECTS CLOSING OF DEAL IN H2 2019.BANCO BPM SAYS CET1 IMPACT OF BAD LOAN SALE, PARTNERSHIP WILL BE IN ANY CASE SMALLER THAN CAPITAL BOOST FROM CONSUMER CREDIT REORAGANISATION.  Full Article

Carige buyers should not expect big sacrifices from banks' creditors-Banco BPM CEO

MILAN, June 20 Any potential bidder for troubled Italian bank Carige should not expect the lenders' creditors to shoulder big losses for their own benefit, the chief of one of Carige's creditor banks said on Thursday.