Banco BPM SpA

Regulatory Filings • Apr 16, 2025

Informazione Regolamentata n. 1928-72-2025	Data/Ora Inizio Diffusione 16 Aprile 2025 18:49:34		Euronext Milan
	:
Societa'		BANCO BPM
Identificativo Informazione Regolamentata	:	204319
Utenza - referente		BANCOBPMN09 - Marconi Andrea
Tipologia	:	3.1
Data/Ora Ricezione	:	16 Aprile 2025 18:49:34
Data/Ora Inizio Diffusione	:	16 Aprile 2025 18:49:34
Oggetto	:	Morningstar DBRS improves Banco BPM ratings
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PRESS RELEASE

Morningstar DBRS improves Banco BPM ratings

The Long-Term Issuer Rating rises to BBB (high), further consolidating its position in the Investment Grade category

The Short-Term Issuer Rating rises to R-1 (low)

DBRS highlights the improvement in profitability, the importance of the product factories, the progress in asset quality and the adequate capital position

Milan, 16 April 2025 – Today, Morningstar DBRS (DBRS) improved the following credit ratings of Banco BPM:

• - Long-Term Issuer Rating: to BBB (high), from BBB
• - Short-Term Issuer Rating: to R-1 (low), from R-2 (high)

Both ratings have also been assigned a Stable trend.

At the same time, the Long-Term Deposits rating was confirmed at BBB (high) with a Positive trend and the Short-Term Deposits rating at R-1 (low), as they were already in line with those assigned to the Italian Republic.

The upgrade by DBRS reflects the continuous improvements in Banco BPM's profitability, achieved thanks to a combination of operating cost control, low cost of risk and a greater level of business diversification.

DBRS also points out that Banco BPM has adopted various measures to diversify its business mix, focusing strongly on the development of bancassurance and payment services, and that with the recent acquisition of Anima, it will strengthen its position in the asset management sector.

The rating action also takes into account Banco BPM's progress in asset quality, the maintenance of adequate capital buffers in 2024 and also considers the capital impact expected from the Anima transaction in the event of non-application of the Danish Compromise.

With this action, Banco BPM further consolidates its position in the Investment Grade category.

For further details on today's rating action, please refer to the DBRS press release.

For information:

Media Relations e-mail: stampa@bancobpm.it Investor Relations e-mail: investor.relations@bancobpm.it

Numero di Pagine: 3