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Banco Bpm SpA (BAMI.MI)

BAMI.MI on Milan Stock Exchange

2.40EUR
18 Jun 2018
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Latest Key Developments (Source: Significant Developments)

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

Banco BPM says ECB set 2018 capital minimum threshold at 8.875 pct
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Banco BPM says::ECB HAS SET MINIMUM THRESHOLD FOR BANK'S 2018 CET1 AT 8.875 PERCENT BASED ON PHASE-IN CRITERIA, FOLLOWING ANNUAL SREP REVIEW.EXCEEDS ECB CAPITAL REQUIREMENTS.ITS OTHER SYSTEMICALLY IMPORTANT (SII) BUFFER FOR 2018 IS ZERO.  Full Article

Banco BPM to hike NPL sale goal by 3 bln euros after new accounting rules - CEO to paper
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Banco BPM CEO Giuseppe Castagna tells Il Sole 24 Ore in an interview: :IFRS9 ACCOUNTING RULES ALLOW COMPANY TO RAISE BAD LOAN REDUCTION TARGET TO 11 BILLION EUROS FROM 8 BILLION EUROS WITHOUT IMPACTING ON BALANCE SHEET .SEES NET INTEREST INCOME RISING IN Q4 OF 2017 .SEES COST SAVINGS OF MORE THAN 100 MILLION EUROS FROM HIGHER-THAN-EXPECTED VOLUNTARY LAYOFFS .NO NEED FOR SALE OF STAKE IN AGOS DUCATO - PAPER.EO REITERATES NET PROFIT TARGET OF 1 BILLION EUROS IN 2019, EXCLUDES NEED FOR ANOTHER CAPITAL INCREASE .  Full Article

Banco BPM close to picking buyer for 1.8 bln euros in bad loans - CEO
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Banco BPM CEO Giuseppe Castagna says::HAS RECEIVED SEVERAL BINDING OFFERS FOR 1.8 BILLION EURO BAD LOAN PORTFOLIO, WILL PICK BUYER IN NEXT FEW DAYS.ANY POSSIBLE UPDATE TO BANK'S NPL DISPOSAL PLAN WILL BE DISCUSSED IN FEBRUARY WHEN FY RESULTS ARE APPROVED.  Full Article

Anima signs contract for credit facility and a bridge-to-equity loan
Friday, 10 Nov 2017 

Nov 10 (Reuters) - ANIMA ::SAID ON THURSDAY SIGNED DEFINITIVE AGREEMENTS WITH BANCO BPM <<>> FOR THE PURCHASE OF ALETTI GESTIELLE SGR.PAYMENT OF THE ACQUISITION WILL BE SETTLED BY ANIMA HOLDING THROUGH CASH AND WILL BE FINANCED PARTLY THROUGH ITS EQUITY AND PARTLY BY MEANS OF A BANK LOAN.INTENDS TO PROPOSE TO THE SHAREHOLDERS’ MEETING A SHARE CAPITAL INCREASE OF UP TO €300 MILLION (INCLUSIVE OF ANY SHARE PREMIUM), WITH PRE-EMPTION RIGHTS.SAID ALSO ENTERED INTO A CONTRACT FOR A MEDIUM LONG-TERM REVOLVING CREDIT FACILITY WITH A POOL OF BANKS FOR UP TO €550 MLN AND A BRIDGE-TO-EQUITY LOAN UP TO A MAXIMUM OF.€300 MILLION TO BE REPAID WITH THE PROCEEDS OF THE ABOVE MENTIONED CAPITAL INCREASE.ANIMA HOLDING WILL ENTIRELY PAY BACK IN ADVANCE THE EXISTING FINANCING (€180MILLION MATURING ON JUNE 30, 2019) WITH ITS OWN FUNDS CURRENTLY AVAILABLE.  Full Article

Banco BPM CEO rules out needing to raise capital due to bad loans
Thursday, 9 Nov 2017 

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.  Full Article

Banco BPM posts 9-month net profit of 53 mln euros
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Banco BPM says::nine-month net profit 53 million euros.coverage of gross non-performing loans rises to 49.1 percent at end-Sept.net fees and commissup 13.3 percent y/y in first nine months at 1.577 billion euros.loan loss provisions at 988 million euros in first nine months.pro-forma phased-in CET1 ratio 12.82 percent.pro-forma fully-phased CET1 ratio 12.49 percent.  Full Article

REFILE-Banco BPM's bad loan sale drawing strong interest -sources

MILAN, June 18 A bad loan sale by Italy's third-largest bank Banco BPM is attracting strong interest from investors who are also keen to buy its debt collection business, two sources familiar with the matter said.