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Unione di Banche Italiane SpA (UBI.MI)

UBI.MI on Milan Stock Exchange

3.77EUR
23 May 2018
Change (% chg)

€-0.09 (-2.23%)
Prev Close
€3.86
Open
€3.83
Day's High
€3.83
Day's Low
€3.75
Volume
12,029,744
Avg. Vol
11,213,633
52-wk High
€4.63
52-wk Low
€3.10

Latest Key Developments (Source: Significant Developments)

UBI Banca Fully Loaded CET1 Ratio At End-March At 11.64 Pct
Friday, 11 May 2018 

May 11 (Reuters) - Unione di Banche Italiane SpA ::FULLY LOADED CET1 RATIO AT END-MARCH AT 11.64 PERCENT FROM 11.43 PERCENT AT END-DECEMBER.Q1 NET INTEREST INCOME 437.8 MILLION EUROS VS EUR EUR 478.9 MLN IN Q4 2017.Q1 NET PROFIT A 117.7 MILLION EUROS VERSUS 84 MILLION EURO ESTIMATE IN CONSENSUS PROVIDED BY COMPANY.Q1 NET COMMISSION INCOME 407.3 MILLION EUROS VERSUS 395 MILLION EUROS IN Q4 2017.Q1 NET LOAN WRITEDOWNS 117.7 MILLION EUROS VERSUS 310.7 MILLION EUROS IN Q4 2017.GROSS NON PERFORMING LOANS AT END-MARCH 12.74 PERCENT OF TOTAL GROSS LOANS VERSUS 12.85 PERCENT AT JAN 1, 2018.COVERAGE OF NON PERFORMING EXPOSURES AT END-MARCH INCREASED TO 40.35% AND TO 49.83% INCLUDING WRITEOFFS.ACTIVITIES FOR DISPOSAL OF FIRST TRANCHE OF NPL PORTFOLIO AS PART OF NPL STRATEGY ARE PROCEEDING ON SCHEDULE.INDICATIONS CONCERNING BUSINESS OUTLOOK GIVEN WITH 2017 RESULTS ARE CONFIRMED.  Full Article

UBI Banca says never obstructed regulators, did not influence s'holder meeting outcome
Friday, 27 Apr 2018 

April 27 (Reuters) - Unione di Banche Italiane says::IT NEVER OBSTRACTED REGULATORS AND DID NOT INFLUENCE OUTCOME OF SHAREHOLDER MEETING.ALWAYS ACTED CORRECTLY, TRIAL WILL PROVE IT.ALL MANAGERS, DIRECTORS WILL CARRY ON WITH THEIR JOBS.  Full Article

UBI Banca Completes Issue Of "Dual Tranche" Covered Bonds For EUR 1 Bln
Monday, 8 Jan 2018 

Jan 8 (Reuters) - UBI BANCA ::COMPLETES ISSUE OF DUAL TRANCHE COVERED BONDS FOR EUR 1 BILLION DUE IN 6.5 AND IN 12 YEARS.REQUESTS FOR BOND SUBSCRIBTION WERE 30 PERCENT MORE THAN THE AMOUNT OFFERED.  Full Article

UBI Banca ‍says ECB sets minimum CET1 ratio requirement for 2018 of 8.625 pct​
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Ubi Banca says::‍ECB HAS SET NEW MINIMUM CET1 RATIO REQUIREMENT OF 8.625%​.  Full Article

UBI supervisory board approves single-board system
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - UBI Banca says: :GUIDELINES APPROVED TODAY BY SUPERVISORY BOARD ENVISAGE ADOPTION OF A SINGLE TIER GOVERNANCE SYSTEM.BANK TO HAVE SINGLE BOARD OF DIRECTORS COMPOSED OF 15 MEMBERS.WITHIN BOARD THERE WILL BE MANAGEMENT CONTROL COMMITTEE OF FIVE MEMBERS.TWO THIRDS OF BOARD MEMBERS WILL BE INDEPENDENT.  Full Article

Italy's UBI says ECB requires regular updates on bad loan from all banks
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Italy's Ubi Banca says::REGULAR UPDATES ON BAD LOAN PLANS IS REQUIRED BY ECB FROM ALL BANKS, NOT JUST UBI.CONFIRMS STRATEGY THAT GIVES PRIORITY TO INTERNAL MANAGEMENT OF CREDIT RECOVERY WITH THE DISPOSAL OF BAD LOANS AS A RESIDUAL OPTION.ITALY'S UBI BANCA SAYS NO FURTHER DEVELOPMENTS ON BAD LOAN FRONT HAVE OCCURRED SINCE LAST PLAN PRESENTED TO MARKET, WHICH BEAT NPL REDUCTION TARGETS FOR 2017.  Full Article

DBRS cuts Ubi Banca rating to BBB from BBB (High)
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Unione Di Banche Italiane Spa ::DBRS CUTS RATING ON ITALY'S UBI BANCA TO BBB FROM BBB (HIGH), TREND NOW STABLE.DOWNGRADE DRIVEN BY BANK'S HIGH STOCK OF NON-PERFORMING EXPOSURES AND CHALLENGES TO IMPROVE PROFITABILITY.  Full Article

Edoardo Mercadante held 5 pct of UBI Banca on Nov. 13 - filing
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Unione Di Banche Italiane: :Edoardo Mercadante held 5.091 percent of UBI Banca as of Nov. 13 - a regulatory filing showed.  Full Article

UBI CEO sees no significant impact from ECB's new bad loan rules
Friday, 10 Nov 2017 

Nov 10 (Reuters) - UBI Banca CEO Victor Massiah tells analyst call::Does not anticipate any significant impact from ECB's NPL addendum.  Full Article

UBI Banca Q3 net profit 37.3 mln euros vs 43.7 mln in Q2
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Unione Di Banche Italiane says::Q3 net profit excluding non-recurring items and including three recently acquired banks at 37.3 million euros vs 43.7 mln euros in Q2.9-month net profit excluding non-recurring items and including three recently acquired banks 167.3 million euros.fully-loaded CET1 ratio 11.54 percent end-September.Q3 net interest income 402.5 million euros.loan writedowns in Q3 at 135.1 million euros.net impaired loans 8.4 billion euros at end-September.non-performing loan (NPL) coverage including write-offs at 48.6 percent.gross NPL stock end September 14.033 billion euros.  Full Article

Italy - Factors to watch on May 24

The following factors could affect Italian markets on Thursday.