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Unione di Banche Italiane SpA (UBI.MI)

UBI.MI on Milan Stock Exchange

2.62EUR
3:07pm GMT
Change (% chg)

€0.02 (+0.93%)
Prev Close
€2.59
Open
€2.62
Day's High
€2.64
Day's Low
€2.57
Volume
3,459,397
Avg. Vol
8,092,915
52-wk High
€4.42
52-wk Low
€2.48

Latest Key Developments (Source: Significant Developments)

UBI received around 10 offers for bad loan portfolio -CEO
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - UBI Banca CEO Victor Massiah tells analyst call::HAS RECEIVED ALMOST 10 OFFERS FOR BAD LOAN PORTFOLIO UP FOR SALE AND, HAVING ALSO SEEN THE PRICES, IS CONFIDENT ON FINALISING DISPOSAL BY EARLY 2019 AT THE LATEST.  Full Article

UBI CEO sees no impact on bank's capital from spread in short term
Friday, 19 Oct 2018 

Oct 19 (Reuters) - UBI Banca Chief Executive Victor Massiah says::"STILL A LONG WAY TO GO" BEFORE WIDENING BOND YIELD SPREAD HAS SIGNIFICANT IMPACT ON BANK'S CAPITAL.NO REDUCTION WHATSOEVER AT PRESENT IN BANK'S FUNDING RESOURCES.SEES RISK FOR ITALY AS A WHOLE FROM LEVEL OF BTP/BUND YIELD SPREAD.POLITICAL UNCERTAINTY DISCOURAGES POTENTIAL FOREIGN BUYERS DESPITE CHEAPNESS OF ITALIAN BANKING STOCKS AT PRESENT.BANK HAS NEVER PERFORMED BADLY IN EUROPE-WIDE STRESS TESTS OF THE SECTOR, "WON'T START NOW".HAS NO PLANS TO SELL DEBT COLLECTION UNIT BUT MAY ASSESS PROPOSAL IF PRICE INTERESTING.  Full Article

UBI CEO says buying Carige wasn't in bank's plans
Friday, 3 Aug 2018 

Aug 3 (Reuters) - UBI Banca CEO Victor Massiah tells media call::ASKED IF BANK COULD CONSIDER BUYING CARIGE, SAYS "SUCH A SCENARIO WAS NEVER IN OUR PLANS".  Full Article

UBI CEO says won't sell debt collection business
Friday, 3 Aug 2018 

Aug 3 (Reuters) - UBI CEO Victor Massiah tells media call::DEBT COLLECTION BUSINESS IS NOT UP FOR SALE.BELIEVES BANK COULD REACH TARGET OF GROSS NPE RATIO BELOW 10 PERCENT BY MID-2019.  Full Article

UBI Banca's Chinese JV Selected To Manage Money Market Fund
Monday, 16 Jul 2018 

July 16 (Reuters) - Unione di Banche Italiane SpA ::ZHONG OU, UBI BANCA CHINESE JOINT VENTURE, SELECTED TO MANAGE ONE OF NEW MONEY MARKET FUNDS OFFERED ON FINANCIAL PLATFORM OF ALIBABA, E-COMMERCE GIANT.  Full Article

UBI says nothing on table over possible merger with Banca Carige
Wednesday, 4 Jul 2018 

July 4 (Reuters) - Italian lender UBI Banca's head of supervisory board, Andrea Moltrasio, says: :NOTHING ON THE TABLE REGARDING POSSIBLE MERGER WITH BANCA CARIGE, DENYING REPORT IN ITALIAN DAILY .  Full Article

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

Italy - Factors to watch on Dec. 10

The following factors could affect Italian markets on Monday.