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Banche, l’anno della pulizia

Today’s topic is devoted to the 6 largest Italian banks, that in 2018 have reduced gross non-performing exposures by 37% and bad loans by 47%, increasing net profits (excluding non-recurring items) from 2.3 bn€ to 7.5 bn€. Based on Value…

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Banche, l’anno della pulizia

Nel corso del 2018, le 6 maggiori banche italiane hanno operato una riduzione dei crediti deteriorati lordi del 37% e delle sofferenze del 47%. Grazie alle minori rettifiche su crediti, i profitti (al netto delle poste straordinarie) sono cresciuti da…

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Banche, la cura dei costi

The profit of five major Italian banks (Intesa, Unicredit, Ubi, Banco Bpm and Bper) has been 6,1 billion euros in the first nine months of 2018 but revenues increase with difficulty. Based on Value Partners’ quarterly bank report

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Spread divora-capitale

The major Italian banks (Unicredit, Intesa SanPaolo, UBI Banca, Banco BPM, MPS and Bper) have lost 1% of their capital in the last 6 months due to Ifrs9 and the government bonds’ raise. Based on Value Partners quarterly bank report…

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Una mina sul recupero

The profits of the seven largest Italian banks have increased vs. last year, as well as coverage on non-performing exposures as a consequence of the adoption for the first time of the new accounting principle IFRS 9 on classification, measurement…

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Pulizia da 84 Miliardi

The seven largest Italian banks, in a major effort to improve their asset quality, will decrease the Non-Performing Exposures by 84 billion euros between 2019 and 2021. Based on Value Partners’ quarterly bank report, with contributions by Antonino Del Gatto,…

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Profitti veri per 5,5 mld

The profits of five major Italian banks (Intesa SanPaolo, Unicredit, UBI Banca, Banco BPM and Bper) increased during 2017. Based on Value Partners’ quarterly bank report, with contributions by Antonino Del Gatto, Senior Engagement Manager, and Lorenzo Privitera, Engagement Manager…

Ideas

Commissioni d’assalto

The seven largest and listed Italian banks’ profits are stable and supported by fees, and their non-performing exposures’ coverage has reached 54%. Based on Value Partners’ quarterly bank report, with contributions by Antonino Del Gatto, SEM, and Lorenzo Privitera, EM…

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Riscossa per i big bancari

The five most important Italian banks have increased their profits by 73% during the first half of 2017. Based on an analysis by Value Partners, with contributions by Antonino Del Gatto, SEM, and Lorenzo Privitera, EM of the Milan office.

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Giù costi e rettifiche

The seven largest Italian banks’ profits increased during the first quarter of 2017 thanks to cost reductions and lower credit losses. With contributions by Antonino Del Gatto, SEM, and Lorenzo Privitera, EM of the Milan office

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Che mazzata sui bilanci

The FY 2016 results of the five largest Italian banks show that they are experiencing heavy losses due to large provisions on credit. The article is based on an analysis by Value Partners’ banking team, led by Antonino Del Gatto…