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Bper Banca Capital/Financing Update 2025

Dec 5, 2025

4395_rns_2025-12-05_e1a230f6-2d6e-4ce8-b836-9913bbfb687a.pdf

Capital/Financing Update

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Data/Ora Ricezione : 5 Dicembre 2025 17:45:10

Oggetto : Fitch upgrades BPER to "BBB" with positive

outlook

Testo del comunicato

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PRESS RELEASE

FITCH UPGRADES BPER TO "BBB" WITH POSITIVE OUTLOOK

Modena, 5 December 2025 – BPER Banca informs that Fitch Ratings has today upgraded the Bank's Long-Term Issuer Default Rating (IDR) to "BBB" from "BBB-" and Viability Rating (VR) to "bbb" from "bbb-". The Outlook on the Long-Term IDR is Positive.

The key ratings assigned by Fitch Ratings to BPER Banca are listed below:

Rating Class Rating Rating action
Long-term Issuer Default Rating (outlook) BBB (Positive) Upgrade
Short-term Issuer Default Rating F2 Upgrade
Viability Rating bbb Upgrade
Subordinated BB+ Upgrade
Long-term Deposits BBB+ Upgrade
Senior preferred BBB Upgrade
Senior non-preferred BBB- Upgrade
Short-term Deposits F2 Upgrade

The upgrade primarily reflects BPER's successful transformation and positioning as integration benefits from recent acquisitions materialize and strategic execution continues. BPER's business profile has been structurally strengthening over the past five years, underpinning resilient profitability, improved asset quality and satisfactory capitalisation despite its acquisitive strategy. The upgrade is also underpinned by the Rating Agency revision of the Italian operating environment to "bbb+" from "bbb", which resulted from the upgrade of the sovereign rating of Italy to "BBB+".

The Positive Outlook reflects Fitch Ratings' view that BPER could be rated "BBB+" if the bank shows longer record of strong performance in an increasingly competitive banking sector in Italy. A successful integration of the recently acquired Banca Popolare di Sondrio should place BPER in a position of relative strength in light of the ongoing consolidation wave in the Italian banking system.

Fitch Ratings' press release with a full list of the ratings assigned to BPER Banca can be found on the rating agency's website (fitchratings.com).

BPER Banca S.p.A.

Contacts:

Investor Relations

[email protected]

Media Relations [email protected]

www.bper.itgroup.bper.it

This press release is also available in the EMARKET Storage system.