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Bper Banca Regulatory Filings 2021
4395_rns_2021-05-12_4fa05e25-6471-4616-83cf-1a82d989e0aa.pdf
Regulatory Filings
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PRESS RELEASE
Moody's improves BPER's outlook to "stable"
Long-term rating on deposits and issuer rating confirmed
Modena - 12 May 2021. BPER Banca informs that the rating agency Moody's, as part of an update involving various credit institutions, today improved the Bank's outlook to "stable" from "negative", at the same time confirming all of the ratings assigned to BPER, including the long-term rating on deposits and the issuer rating of "Baa3" and "Ba3" respectively.
The rating update reflects Moody's expectations of GDP growth of 3.7% in 2021 after the 8.9% contraction in 2020, even though the external environment for Italian banks still remains challenging due to the restrictive measures that are still in place and the persistence of negative rates which will continue to weigh on the system's profitability.
The improvement in the outlook also takes into consideration the Bank's progress in reducing nonperforming loans, the sound capital position and ample liquidity, as well as the strengthening of its franchise following the acquisition of branches from Intesa Sanpaolo, which will generate a series of synergies over the medium term.
The original text of the press release published by Moody's is available on the rating agency's website (www.moodys.com).
BPER Banca S.p.A.
Contacts:
Investor Relations [email protected] External Relations and CSR [email protected]
www.bper.it – https://istituzionale.bper.it/
The press release is also available in the storage mechanism.
BPER Banca S.p.A., head office in Via San Carlo 8/20, Modena - Tax Code and Modena Companies Register no. 01153230360 – Company belonging to the BPER BANCA VAT GROUP, VAT no. 03830780361 – Share capital Euro 2,100,435,182.40 - ABI Code 5387.6 - Register of Banks no. 4932 - Member of the Interbank Deposit Guarantee Fund and of the National Guarantee Fund - Parent Company of the BPER Banca S.p.A. Banking Group - Register of Banking Groups no. 5387.6 - Tel. 059.2021111 - Telefax 059.2022033 - e-mail: [email protected] - Certified e-mail (PEC): [email protected] - bper.it – istituzionale.bper.it