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
: Also a couple of follow-ups from my side. Again, on the capital, I understand that you have a lot of positive reserve here. And you might decide in
the plan whether to auction at some of them. Also, of course, calibrating the impact on the P&L when it comes to OTP and the sovereign. A bit
beyond next year, I was wondering whether you have any message on Basel IV, instead, and the operational risk that kicks in first?
And the second is on the new definition of defaulted loans. I was just wondering whether you have any idea on how the MP perimeter might
change? And whether this is going to kick in, in the fourth quarter, please? And then I had a very similar question to one of the colleague on the
buyback of shares. But actually, it was answered before. I mean your stock is, of course, trading at a very low valuation. And from what I have
understood from the calls, for example, of the Spanish banks, there is -- the regulator is more open to consider buyback of shares. And we had also
read of more Austrian bank that has been approved a buyback of shares recently. So I'm just wondering whether there is any discussion with the
regulator on this, you might be inclined to do that because, of course, you are far away to be considered a stock, I mean, for income funds? So the
buyback of shares, it might help significantly the valuation at this point.
Question: Domenico Santoro - HSBC, Research Division - Analyst
: All right. About the new definition of defaulted loans, please?
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NOVEMBER 06, 2019 / 5:30PM, BAMI.MI - Q3 2019 Banco Bpm SpA Earnings Call
Question: Domenico Santoro - HSBC, Research Division - Analyst
: The 10 basis points is applicable on the loan loss provision, correct?
Question: Hugo Moniz Marques Da Cruz - Keefe, Bruyette & Woods Limited, Research Division - Analyst
: So let me see. I have a few questions. Some of them might have been answered, so apologies for that. But have you accrued any dividend so far
for 2019 in the CET1 ratios? Also on CET1 ratio, there was 40 basis points of margin of conservatism. That's on a phased-in approach. Is the number
different on a fully loaded basis? And then two, do you have an approximate date for the business plan presentation? That's it.
Question: Noemi Peruch - Mediobanca - Banca di credito finanziario S.p.A., Research Division - Analyst
: I have 3 questions from my side. The first one is on asset quality. Could you disclose the size of the NPE write-offs in the quarter? And the second
one is a follow-up on capital. Can you please clarify whether the TRIM impact you took in Q2 is included already the review of the loan default
portfolio and also the retail portfolio? And finally, what is the contribution to NII from the non-captive business of ProFamily? And in which line
should we find the related PPA contribution?
Question: Noemi Peruch - Mediobanca - Banca di credito finanziario S.p.A., Research Division - Analyst
: The third one is the contribution to NII from the non-captive business of ProFamily? And also in which line can we find the PPA contribution? And
as a follow-up on capital, was also the retail portfolio included in the TRIM impact you took in Q2?
Question: Noemi Peruch - Mediobanca - Banca di credito finanziario S.p.A., Research Division - Analyst
: Sorry, again, I was talking about the non-captive business of ProFamily?
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