Banco BPM SpA

Regulatory Filings • Oct 14, 2022

Informazione Regolamentata n. 1928-81-2022		Data/Ora Ricezione 14 Ottobre 2022 09:37:12	Euronext Milan
Societa'	:	BANCO BPM
Identificativo Informazione Regolamentata	:	168220
Nome utilizzatore	:	BANCOBPMN10 - Marconi
Tipologia	:	3.1
Data/Ora Ricezione	:	14 Ottobre 2022 09:37:12
Data/Ora Inizio Diffusione presunta	:	14 Ottobre 2022 09:37:13
Oggetto	:	DBRS Morningstar has upgraded Banco BPM's ratings by one notch

Testo del comunicato

The rating agency DBRS Morningstar has upgraded the key ratings of Banco BPM as well as of its subsidiary company Banca Akros by one notch

PRESS RELEASE

DBRS Morningstar has upgraded Banco BPM's ratings by one notch, reflecting the positive results achieved by the Group in financial, operational and business areas

Milan, 14 October 2022 – The rating agency DBRS Morningstar (hereinafter "DBRS") has upgraded the key ratings of Banco BPM as well as of its subsidiary company Banca Akros by one notch, as specified in the table below and as indicated in the press release published by DBRS today:

Rating	From:	TO:	Delta notch
Long-Term Deposits	BBB	BBB (high)	+1
Long-Term Issuer Rating, Long-Term Senior Debt	BBB (low)	BBB	+1
Short-Term Deposits	R-2 (high)	R-1 (low)	+1
Short-Term Debt	R-2 (middle)	R-2 (high)	+1
Intrinsic Assessment (IA)	BBB (low)	BBB	+1

The rating upgrade follows the change in the Trend, from 'Negative' to 'Stable', decided by the rating agency in November 2021 and sees a 'Stable' Trend on all current ratings of Banco BPM Group.

This rating action reflects the success that Banco BPM has had in the improvement of its financial position, in particular in terms of asset quality, profitability and operating efficiency. At the same time, DBRS recognizes the Group's solid market position across the wealthy regions of Northern Italy, reinforced by the ongoing measures to streamline the operating structure and the development of digitalisation and fee-driven businesses, such as bancassurance. The ratings are also underpinned by Banco BPM's solid funding and liquidity profile and the Group's adequate capital position, driven by recurrent capital generation and regular access to the wholesale markets.

For further information, please refer to the press release published by DBRS.

Contacts: Investor Relations Roberto Peronaglio +39 02 94 77 2108 investor.relations@bancobpm.it

Communication Matteo Cidda +39 02 77 00 7438 matteo.cidda@bancobpm.it Press Office Monica Provini +39 02 77 00 3515 monica.provini@bancobpm.it