Banco BPM SpA Q1 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Noemi Peruch - Mediobanca - Banca di credito finanziario S.p.A., Research Division - Analyst : I have just 3. So the first, on NII. Can you share with us the NII attached to the EUR 1.6 billion disposal on a yearly basis? And what's the liquidity currency part at ECB? And the next one is on capital. Can you give us some color on the 20 to 25 bps headwind related to look-through approach, if I understood correctly? And does this increase the headwind to 120 bps for the year vis-a-vis the 100 bps previously announced? And my last one is, again, on capital. Can you update on the synthetic securitization you plan to do in the year and the disposal of noncore assets you envisage in your business plan?

Question: Noemi Peruch - Mediobanca - Banca di credito finanziario S.p.A., Research Division - Analyst : Yes. The liquidity as part of the ECB, yes.

Question: Noemi Peruch - Mediobanca - Banca di credito finanziario S.p.A., Research Division - Analyst : And If I may, just a follow up. What's the NII attached to the EUR 1.6 billion in NPE disposal? And just to clarify, so the overall expected headwinds, capital headwinds for the year, was around 105, 110 bps?

Question: Luigi Pedone - Equita SIM S.p.A., Research Division - Analyst : Two question from my side. The first one is on capital, a clarification. So if you could remind us the regulatory headwinds and tailwinds for the next year, so 2022. And the second one is on NII. And my question is on the -- what could be the action that the banks could do in the next year when there will be an increase in -- a decline in the state-guarantee loans and there will be a reduction of the benefit of the TLTRO?