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Banca Piccolo Credito Valtellinese SpA (PCVI.MI)

PCVI.MI on Milan Stock Exchange

0.07EUR
21 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Creval: Completed Reorganization Of Creval’S Insurance Business
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Banca Piccolo Credito Valtellinese SpA ::COMPLETED REORGANIZATION OF CREVAL'S INSURANCE BUSINESS.SAYS REORGANIZATION GENERATES POSITIVE IMPACT ON FULLY-LOADED CET1 RATIO OF ROUGHLY 45 BASIS POINTS, BASED ON DATA AS AT SEPT. 30, 2018.  Full Article

Morgan Stanley held potential stake in Creval of 0.4 pct on Nov. 22 - filing
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Banca Piccolo Credito Valtellinese SpA ::MORGAN STANLEY HELD A POTENTIAL STAKE IN CREVAL OF 0.4 PERCENT AS OF NOV. 22, DOWN FROM POTENTIAL STAKE OF 6.453 PERCENT ON OCT. 18 - FILING.  Full Article

Creval 9-Mth Net Profit At EUR 11.4 Mln
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Banca Piccolo Credito Valtellinese SpA ::9-MONTH NET PROFIT EUR 11.4 MILLION VERSUS LOSS EUR 402.6 MILLION YEAR AGO.9-MONTH NET INTEREST INCOME 274.4 MILLION EUROS VERSUS 294.6 MILLION EUROS YEAR AGO.9-MONTH NET COMMISSIONS AT EUR 205.8 MILLION VERSUS EUR 213.2 MILLION YEAR AGO.PHASED-IN CET1 PROFORMA AT 17.6% AT END-SEPTEMBER VERSUS 15.0% AT END-JUNE.9-MONTH TOTAL NET IMPAIRMENT LOSSES FOR CREDIT RISK OF EUR 12.3 MILLION VERSUS EUR 387.1 MILLION YEAR AGO.GROSS NPL RATIO AT 11.3% AT END-SEPT.NPL COVERAGE OF 50.4% AT END-SEPT.PROFORMA FULLY-LOADED CET1 RATIO AT END-SEPT AT 12.8% (11.2% AT 30/06/18).WILL HOME IN IN FY 2018 ON THE ATTAINMENT OF THE 2018-2020 BUSINESS PLAN TARGETS.CREVAL CEO SAYS, HAVING COMPLETED 2018 CAPITAL BOLSTERING AND NPL LOAN DISPOSAL PLAN, NOW BANK IS FULLY CONCENTRATING ON INCREASING OP PROFITABILITY.  Full Article

Creval Board Appoints Luigi Lovaglio Chairman
Monday, 15 Oct 2018 

Oct 15 (Reuters) - Banca Piccolo Credito Valtellinese SpA ::APPOINTS LUIGI LOVAGLIO CHAIRMAN.CONFIRMS MAURO SELVETTI AS CEO.  Full Article

Creval Completes Sale Of NPL For GBV Of About EUR 220 Mln
Monday, 8 Oct 2018 

Oct 8 (Reuters) - Creval ::SAYS COMPLETES SALE OF NPL FOR A GROSS BOOK VALUE OF ABOUT EUR 220 MILLION TO CREDITO FONDIARIO.SAYS A POSITIVE IMPACT ON THE CET1 RATIO FULLY LOADED OF AROUND 7 BASIS POINTS.  Full Article

Creval Receives GACS for a GBV of EUR 1.6 Bln
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Creval ::SAYS RECEIVED FROM MEF GRANT OF GACS TRANCHE WITH A NOMINAL VALUE OF € 509.5 MILLION.SAYS TRANSACTION IS FOR SECURITIZATION OF BAD LOANS FOR A GBV OF 1.6 BILLIONS EUROS FINALISED ON 13 JUNE LAST (KNOWN AS “PROJECT ARAGORN”).SAYS POSITIVE IMPACT ON CET1 RATIO FULLY LOADED AT 46 BASIS POINT.  Full Article

Creval Obtains Validation Of Its "A-Irb" Internal Credit Risk Measurement System
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Banca Piccolo Credito Valtellinese SpA ::SAYS OBTAINED VALIDATION OF ITS "A-IRB" INTERNAL CREDIT RISK MEASUREMENT SYSTEM FOR PRUDENTIAL PURPOSES.SAYS ADOPTION OF SYSTEM WILL LEAD TO REDUCTION IN RISK-WEIGHTED ASSETS, WHICH IN TURN WILL PRODUCE A POSITIVE IMPACT ON CET1 RATIO.  Full Article

Italy's Creval says widening BTP spread cost CET1 ratio 40 bp
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Banca Piccolo Credito Valtellinese SpA says::WIDENING BTP SPREAD IMPACTED END-JUNE CET1 RATIO BY 40 BASIS POINTS - SLIDE.  Full Article

Creval, Dorotheum And Custodia Valore Announce Industrial Partnership
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Banca Piccolo Credito Valtellinese SpA ::CREVAL, DOROTHEUM AND CUSTODIA VALORE ANNOUNCE AN INDUSTRIAL PARTNERSHIP IN MARKET OF LOANS AGAINST PLEDGES IN ITALY.PARTNERSHIP WILL BE IMPLEMENTED BY MEANS OF CUSTODIA VALORE, COMPANY CREATED THROUGH ACQUISITION BY DOROTHEUM OF BUSINESS DEDICATED TO LOANS AGAINST PLEDGES OF UNICREDIT GROUP.AT END OF TRANSACTION, SHARE CAPITAL OF CUSTODIA VALORE WILL BE HELD BY DOROTHEUM GROUP (78%) AND CREVAL (22%).PARTNERSHIP WILL ALLOW MAKING NET CAPITAL GAIN ESTIMATED IN EUR 44.5 MILLION WITH POSITIVE IMPACT ON CET1 CAPITAL RATIO ESTIMATED IN ABOUT 5BPS.TRANSACTION, SUBJECT TO AUTHORISATIONS, IS EXPECTED TO BE CLOSED BY END OF 2018.  Full Article

Creval And Pitagora Enter Into Industrial Partnership In Salary-Backed Loan Market
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Banca Piccolo Credito Valtellinese SpA ::CREVAL AND PITAGORA ENTER INTO AN INDUSTRIAL PARTNERSHIP IN SALARY-BACKED LOAN MARKET.SIGNS TERM SHEET FOR PURCHASE OF 9.9% OF PITAGORA AND LONG-TERM DISTRIBUTION AGREEMENT.CLOSING OF TRANSACTION IS EXPECTED BY NOVEMBER 2018.ACQUISITION WILL HAVE NEGLIGIBLE EFFECTS (ABOUT 1 BASIS POINT) ON FULLY LOADED CET1 RATIO AS AT 31 MARCH 2018.  Full Article

Italy - Factors to watch on Jan. 21

MILANO, Jan 21 The following factors could affect Italian markets on Monday.