Latest news with #BancaPopolareDiSondrio
Reuters
08-07-2025
- Business
- Reuters
BPER CEO expects 'very positive' Q2 results, confirms guidance
ROME, July 8 (Reuters) - BPER ( opens new tab CEO Gianni Franco Papa expects "very positive" results for his bank in the second quarter of 2025, he said in an interview published on Tuesday, confirming guidance for the full year. Speaking to MF newspaper, Papa also said he was confident that BPER would go over a 50% take-up threshold in its ongoing takeover bid for smaller peer Banca Popolare di Sondrio ( opens new tab.
Wall Street Journal
04-07-2025
- Business
- Wall Street Journal
Italy's BPER Banca Bumps Popolare Di Sondrio Offer to $6.4 Billion
Italian lender BPER Banca BPE -1.96%decrease; red down pointing triangle topped up its offer for Banca Popolare di Sondrio BPSO 0.68%increase; green up pointing triangle by throwing in a cash component to value the smaller rival at around 5.47 billion euros ($6.43 billion). In February, BPER Banca rushed to join the wave of consolidation sweeping through Italy's crowded banking sector in a bid to gain scale and defend its market position. The offer it put forward for BP Sondrio valued it at roughly 4.3 billion euros based on share prices at the time.
Reuters
08-05-2025
- Business
- Reuters
Italy's BPER posts 43.2% rise in first quarter net profit
MILAN, May 8 (Reuters) - Italy's BPER Banca ( opens new tab posted a 43.2% rise in first-quarter net profit on Thursday, driven by fee and trading income that more than countered a decline in net interest margin. Net profit for the January-March period was 442.9 million euros ($500.74 million). here. Italy's fourth-largest bank, which launched a 4.3 billion euro all-share bid for smaller rival Banca Popolare di Sondrio ( opens new tab in February, saw revenues rise 5% in the first quarter. Net fees rose 8.5%, while a narrowing spread between lending and deposit rates pushed net interest margin down 3.8%. ($1 = 0.8845 euros)
Reuters
06-05-2025
- Business
- Reuters
Italian bank Popolare Sondrio records 19% rise in first-quarter net profit
The logo of Banca Popolare di Sondrio bank is pictured outside a company's branch, in Monza, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo/File photo Purchase Licensing Rights , opens new tab May 6 (Reuters) - Italy's Banca Popolare di Sondrio ( , opens new tab on Tuesday posted a 19% rise in its first-quarter net profit, citing a good performance in its core banking business. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. "The reported results constitute the best way forward in the implementation of the new business plan 2025-2027," CEO Mario Alberto Pedranzini said in a statement. Advertisement · Scroll to continue The bank also appointed director Pierluigi Molla as chairman until the end of his mandate in 2026. ($1 = 0.8816 euros) Reporting by Philippe Leroy Beaulieu in Gdansk; Editing by Jan Harvey Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
