Banco Bpm SpA Strategic Update: Partnership with Crédit Agricole and ACE Project Transcript - Thomson StreetEvents

Banco Bpm SpA Strategic Update: Partnership with Crédit Agricole and ACE Project Transcript

Banco Bpm SpA Strategic Update: Partnership with Crédit Agricole and ACE Project Transcript - Thomson StreetEvents
Banco Bpm SpA Strategic Update: Partnership with Crédit Agricole and ACE Project Transcript
Published Dec 03, 2018
Published Dec 03, 2018
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About This Report

  
Abstract:

Edited Transcript of BAMI.MI conference call or presentation 3-Dec-18 7:30am GMT

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Banco Bpm SpA
Ticker
BAMI.MI
Time
7:30am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Domenico Santoro - HSBC, Research Division - Analyst : It's Domenico from HSBC. Three clarification on my side. First of all, on the servicing company, the impact on P&L that you mentioned before, does it includes also the potential cost savings that might come from the deconsolidation of the company? Second, on the range on capital that you show here in the presentation, the 11%, 11.5%. My question is whether the losses related to the sale are considered before or after taxes? And then since I'm surprised as well to see this range, but you already said that you might be comfortable to see this number nor the range that you mentioned. Is this specifically related to the inclusion of the GACS in the transaction? And then the third question is on the UTP, specifically. You show in the REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. DECEMBER 03, 2018 / 7:30AM, BAMI.MI - Banco Bpm SpA Strategic Update: Partnership with CrTdit Agricole and ACE Project presentation that there is EUR 8.4 billion left. Given that we always receiving the same question in terms of risk profile of the bank, going forward, now that you've got rid of the most of your nonperforming loans portfolio, is there any one-off transaction here considering the UTP? Or you will basically continue the normal deleveraging of the balance sheet.

Question: Domenico Santoro - HSBC, Research Division - Analyst : I think we are fine. It's okay.

Question: Delphine Lee - JP Morgan Chase & Co, Research Division - Analyst : Yes, if I could just have one last question, sorry. Just on the 80 basis points, I assume that doesn't include the other rerelease that you would get -- I mean, similar to the Exodus transaction, where you got order re-reduction of 25%, 30% of the gross book value. I would assume that you would get that as well end of next year. Just wanted to confirm that as well.

Table Of Contents

Full Year 2019 Banco Bpm SpA Earnings Call Transcript – 2020-02-06 – US$ 54.00 – Edited Transcript of BAMI.MI earnings conference call or presentation 6-Feb-20 5:30pm GMT

Banco Bpm SpA Q3 2019 Earnings Call Transcript – 2019-11-06 – US$ 54.00 – Edited Transcript of BAMI.MI earnings conference call or presentation 6-Nov-19 5:30pm GMT

Banco Bpm SpA Q2 2019 Earnings Call Transcript – 2019-08-06 – US$ 54.00 – Edited Transcript of BAMI.MI earnings conference call or presentation 6-Aug-19 4:30pm GMT

Banco Bpm SpA Q1 2019 Earnings Call Transcript – 2019-05-08 – US$ 54.00 – Edited Transcript of BAMI.MI earnings conference call or presentation 8-May-19 4:30pm GMT

Full Year 2018 Banco Bpm SpA Earnings Call Transcript – 2019-02-06 – US$ 54.00 – Edited Transcript of BAMI.MI earnings conference call or presentation 6-Feb-19 5:30pm GMT

Banco Bpm SpA Q3 2018 Earnings Call Transcript – 2018-11-07 – US$ 54.00 – Edited Transcript of BAMI.MI earnings conference call or presentation 7-Nov-18 5:30pm GMT

Banco Bpm SpA Q3 2017 Earnings Call Transcript – 2017-11-09 – US$ 54.00 – Edited Transcript of BAMI.MI earnings conference call or presentation 9-Nov-17 5:30pm GMT

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Thomson StreetEvents. "Banco Bpm SpA Strategic Update: Partnership with Crédit Agricole and ACE Project Transcript" Dec 03, 2018. Alacra Store. May 12, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Banco-Bpm-SpA-Strategic-Update-Partnership-with-Cr-dit-Agricole-and-ACE-Project-T12220727>
  
APA:
Thomson StreetEvents. (2018). Banco Bpm SpA Strategic Update: Partnership with Crédit Agricole and ACE Project Transcript Dec 03, 2018. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Banco-Bpm-SpA-Strategic-Update-Partnership-with-Cr-dit-Agricole-and-ACE-Project-T12220727>
  
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