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Banco BPM SpA
Regulatory Filings • Mar 8, 2023
4282_rns_2023-03-08_028659ac-cfe9-4c06-b072-f150e2b59a86.pdf
Regulatory Filings
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| Informazione Regolamentata n. 1928-27-2023 |
Data/Ora Ricezione 08 Marzo 2023 12:03:30 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | BANCO BPM | |
| Identificativo Informazione Regolamentata |
: | 173157 | |
| Nome utilizzatore | : | BANCOBPMN10 - Marconi | |
| Tipologia | : | 3.1 | |
| Data/Ora Ricezione | : | 08 Marzo 2023 12:03:30 | |
| Data/Ora Inizio Diffusione presunta |
: | 08 Marzo 2023 12:03:32 | |
| Oggetto | : | Banco BPM Group obtains recognition of financial conglomerate status from ECB |
Testo del comunicato
The European Central Bank has notified the Banco BPM Group that it has been granted financial conglomerate status, pursuant to Directive 2002/87/EC, on a par with leading Italian and European financial groups operating in both the banking and investment services and insurance sectors.
PRESS RELEASE
Banco BPM Group obtains recognition of financial conglomerate status from ECB
Milan, 8 March 2023 - The European Central Bank has notified the Banco BPM Group that it has been granted financial conglomerate status, pursuant to Directive 2002/87/EC, on a par with leading Italian and European financial groups operating in both the banking and investment services and insurance sectors.
The ECB's decision accepts the request submitted by Banco BPM following the achievement of total control over the insurance companies Banco BPM Vita S.p.A. and Banco BPM Assicurazioni S.p.A. (formerly Bipiemme Vita S.p.A. and Bipiemme Assicurazioni S.p.A.), which took place in July 2022, entailing also the adjustment of the supervisory activity exercised by the same Supervisory Authority to the overall activity carried out by the Group as a financial conglomerate.
Finally, qualification as a financial conglomerate is a prerequisite for applying, again to ECB, for authorization to apply the so-called "Danish Compromise," which allows access to the related benefits in the calculation of consolidated capital ratios. Based on the capital position as of 31/12/2022, the potential benefits of the Danish Compromise, referring to the equity investments in Banco BPM Vita and Banco BPM Assicurazioni, can be quantified at 51 basis points.
Contacts:
Investor Relations Roberto Peronaglio +39 0294772108 [email protected] Communication Matteo Cidda +39 02 77 00 7438 [email protected] Press Office Monica Provini +39 02 77 00 3515 [email protected]