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Banca Piccolo Credito Valtellinese SpA (PCVI.MI)

PCVI.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Creval Completes Securitisation Of Performing Loans For EUR 1.5 Bln
Monday, 30 Jul 2018 

July 30 (Reuters) - Banca Piccolo Credito Valtellinese SpA ::HAS COMPLETED A SECURITISATION TRANSACTION FOR AN AMOUNT OF EUR 1.5 BILLION.SECURITISATION RELATES TO PERFORMING LOANS OF MORTGAGES AND UNSECURED LOANS GRANTED TO SMALL AND MEDIUM-SIZED COMPANIES.AS PART OF THIS SECURITISATION EUROPEAN INVESTMENT BANK (EIB) SUBSCRIBED A SENIOR BOND OF EUR 200 MILLION.  Full Article

Creval To Incorporate Unit Creval Sistemi e Servizi
Thursday, 26 Jul 2018 

July 26 (Reuters) - Banca Piccolo Credito Valtellinese SpA ::TO INCORPORATE UNIT CREVAL SISTEMI E SERVIZI.  Full Article

Credit Agricole buys 1.5 pct of Creval paying 0.1079 euros/share
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Credit Agricole::COMPLETED PURCHASE OF 104,500,000 ORDINARY SHARES OF CREDITO VALTELLINESE, EQUIVALENT TO AROUND 1.5 PCT OF CAPITAL, THROUGH A REVERSE ACCELERATED BOOK BUILDING .PURCHASE PRICE OF CREVAL SHARES IS EQUAL TO EURO 0.1079 PER SHARE, FOR A TOTAL AGGREGATE CONSIDERATION OF APPROXIMATELY EURO 11.3 MILLION.  Full Article

Italy - Factors to watch on Oct. 12

MILAN, Oct 12 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA.