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Banca Piccolo Credito Valtellinese SpA (PCVI.MI)

PCVI.MI on Milan Stock Exchange

0.09EUR
13 Jul 2018
Change (% chg)

€0.00 (+3.11%)
Prev Close
€0.09
Open
€0.09
Day's High
€0.09
Day's Low
€0.09
Volume
24,575,267
Avg. Vol
68,596,965
52-wk High
€0.64
52-wk Low
€0.08

Latest Key Developments (Source: Significant Developments)

Creval expects BoI green light on internal risk models by Sept
Wednesday, 9 May 2018 

May 9 (Reuters) - Italy's Credito Valtellinese (Creval)Managing Director Mauro Selvetti tells analysts::LENDER EXPECTS BANK OF ITALY'S GREEN LIGHT ON LENDER'S INTERNAL RISK MODELS BY SEPTEMBER, CONFIRMS DECISION WILL HAVE POSITIVE IMPACT ON CAPITAL BETWEEN 100-200 BPS.  Full Article

Italy's Creval says NPL coverage ratio end-March rises to 59 pct
Tuesday, 8 May 2018 

May 8 (Reuters) - Italy's Creval says ::Q1 NET LOSS 30 MILLION EUROS.ADJ PRE-TAX PROFIT 15.7 MLN EUROS IN Q1.NPL RATIO AT 19.3 PCT END-MARCH, NPE COVERAGE RATIO AT 59 PCT VS PREVIOUS 45.3 PCT BENEFITING FROM IMPAIRMENT DUE TO IFRS 9 STANDARDS.SIGNED AGREEMENT WITH UNIONS, WILL CLOSE FURTHER 50 BRANCHES WITHIN THIS MONTH.  Full Article

Creval says CET 1 requirement after SREP set at 7.075 pct
Tuesday, 8 May 2018 

May 8 (Reuters) - Credito Valtellinese says::BANK OF ITALY SET ITS COMMON EQUITY TIER 1 RATIO REQUIREMENT AFTER SREP AT 7.075 PERCENT.ITS PHASED-IN CET1 RATIO STOOD AT 14.4 PERCENT AT END-MARCH, WELL ABOVE MINIMUM REQUIRED.  Full Article

Creval says Italy market regulator approves prospectus for new share offer
Saturday, 17 Feb 2018 

Feb 17 (Reuters) - :ITALIAN MARKET REGULATOR APPROVES PROSPECTUS FOR NEW SHARE OFFER.OFFER TO START ON FEB. 19.IN ADDITION TO BANKING CONSORTIUM GUARANTEE FOR ENTIRE OFFER AMOUNT, ALGEBRIS, CREDIT0 FONIDARIO AND DOROTHEUM HAVE SIGNED SUB-GUARANTEE ACCORDS FOR 55 MILLION EURO.ALGEBRIS HAS EXCLUSIVE RIGHT TO SUBMIT BINDING OFFER FOR "UNLIKELY TO PAY" PORTFOLIO.IS IN EXCLUSIVE TALKS WITH DOROTHEUM OVER SALE OF NON-CORE ASSETS.HAS ENTERED INTO SERVICING ACCORDS WITH CREDITO FONDIARIO.  Full Article

Creval Reverse Stock Split Starts From Jan. 8, 2018
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - CREVAL ::STARTING FROM 8 JAN 2018 REVERSE STOCK SPLIT WILL BE EFFECTIVE.REVERSE STOCK SPLIT OF 110.9 MILLION ORDINARY SHARES TO BE EXECUTED ON BASIS OF 1 NEW SHARE EVERY 10 EXISTING SHARES.AS RESULT OF REVERSE STOCK SPLIT, SHARE CAPITAL WILL REMAIN UNCHANGED AND EQUAL TO EUR 1.85 BILLION.AS A RESULT OF REVERSE STOCK SPLIT, CAPITAL TO BE DIVIDED INTO 11,088,723 ORDINARY SHARES.  Full Article

Creval ‍says It Examined And Approved Merger By Incorporation Of Its 98.5 pct Controlled Company Credito Siciliano ​
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Creval ::‍ CO EXAMINED AND APPROVED MERGER BY INCORPORATION OF ITS 98,55% CONTROLLED COMPANY CREDITO SICILIANO S.P.A.​.  Full Article

Creval aims to wrap up cash call before Italian elections
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - The chairman of Banca Piccolo Credito Valtellinese (Creval) Miro Fiordi says::CREVAL AIMS TO WRAP UP CASH CALL BEFORE ITALIAN GENERAL ELECTIONS.CREVAL TO ASSESS POSSIBLE M&A OPERATIONS AFTER SUMMER.  Full Article

Creval to sell portfolio of unlikely-to-pay loans to Hoist Finance
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Banca Piccolo Credito Valtellinese says::REACHES AGREEMENT TO SELL PORTFOLIO OF UNLIKELY TO PAY LOANS WITH GROSS VALUE OF 24 MILLION EUROS.SOLD THE PORTFOLIO TO HOIST FINANCE .  Full Article

Creval Signs Agreement to Sell Secured NPE Portfolio with GBV of EUR 24 mln
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - CREVAL ::SIGNS AGREEMENT FOR SALE OF PORTFOLIO OF NON PERFORMING SECURED EXPOSURES TO HOIST FINANCE.PORTFOLIO PRICE AT NEARLY 58% OF GROSS BOOK VALUE.PORTFOLIO OF SECURED NON PERFORMING LOANS HAS GROSS BOOK VALUE OF ABOUT EUR 24 MILLION.PORTFOLIO CONSISTS OF ABOUT 140 RETAIL RECEIVABLES, WITH UNDERLYING ASSETS WITH RESIDENTIAL DESTINATION MAINLY.EFFECTS OF OPERATION ARE DUE TO BE RECORDED IN THE INCOME STATEMENT OF THE CURRENT FINANCIAL YEAR.  Full Article

Citigroup joins guarantee consortium for Creval's cash call
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Banca Piccolo Credito Valtellinese says::CITIGROUP JOINS GUARANTEE CONSORTIUM FOR CREVAL'S CASH CALL .CITIGROUP HAS SIGNED PRE-UNDERWRITING ACCORD WITH CREVAL IN LINE WITH ONE ALREADY SIGNED BY MEDIOBANCA .  Full Article

Italy - Factors to watch on July 13

The following factors could affect Italian markets on Thursday.