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Bper Banca
Regulatory Filings • Jun 4, 2025
4395_rns_2025-06-04_11bc6a18-e910-4efd-a9a4-c6d8d45f051a.pdf
Regulatory Filings
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| Informazione Regolamentata n. 0043-89-2025 |
Data/Ora Inizio Diffusione 4 Giugno 2025 18:38:55 |
Euronext Milan | ||
|---|---|---|---|---|
| Societa' | : | BPER BANCA | ||
| Identificativo Informazione Regolamentata |
: | 206580 | ||
| Utenza - referente | : | BPERN04 - Anselmi | ||
| Tipologia | : | REGEM | ||
| Data/Ora Ricezione | : | 4 Giugno 2025 18:38:55 | ||
| Data/Ora Inizio Diffusione | : | 4 Giugno 2025 18:38:55 | ||
| Oggetto | : | Morningstar DBRS upgrades BPER Banca's Long-Term Issuer Rating to "BBB (high)" from "BBB" with trend changing to Stable from Positive |
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PRESS RELEASE
MORNINGSTAR DBRS UPGRADES BPER BANCA'S LONG-TERM ISSUER RATING TO "BBB (high)" FROM "BBB" WITH TREND CHANGING TO STABLE FROM POSITIVE
Modena, 4 June 2025 – BPER Banca informs that the credit rating agency Morningstar DBRS has upgraded the credit ratings of the Bank, including the Long-Term Issuer Rating to "BBB (high)" from "BBB" and the Short-Term Issuer Rating to "R-1 (low)" from "R-2 (high)". The trend on the Long-Term Issuer Rating changed to Stable from Positive.
The upgrade of the credit ratings considers the Bank's sustained improvements in its earnings power mainly resulting from higher net interest income as well as a diversified revenue mix, stronger operating efficiency, and lower credit costs. Morningstar DBRS also notes that BPER has largely maintained its improved asset quality profile. The Bank's capital buffers have strengthened despite higher shareholder remuneration and higher regulatory headwinds, mainly concerning the first adoption of Basel IV framework.
The credit ratings continue to reflect BPER's well established and diversified franchise in Italy resulting from recent integrations as well as its adequate funding and liquidity position. The Stable trend incorporates Morningstar DBRS' view that BPER's profitability will likely remain adequate even in a lower interest rate environment, benefitting from its enhanced diversification toward fee-income businesses and cost savings from recent optimisation. BPER's current asset quality and capitalisation profiles provide comfortable buffers to withstand the heightened uncertainty associated with geopolitical and global trade tensions.
In Morningstar DBRS' view, the voluntary public all-share offer to buy Banca Popolare di Sondrio would strengthen BPER's market position in Italy, particularly in the wealthiest regions in the north of the country, especially in Lombardy, creating opportunities for revenue and cost synergies in the mediumterm leveraging on shared product factories as well as business optimisation.
The details of Morningstar DBRS' credit rating actions are reported below:
| Previous | Previous Trend |
Current Rating | Current Trend |
|
|---|---|---|---|---|
| Rating Class | Rating | |||
| Long-Term Issuer Rating | BBB | Positive | BBB (high) | Stable |
| Short-Term Issuer Rating | R-2 (high) | Positive | R-1 (low) | Stable |
| Long-Term Senior Debt | BBB | Positive | BBB (high) | Stable |
| Short-Term Debt | R-2 (high) | Positive | R-1 (low) | Stable |
| Long-Term Deposits | BBB (high) | Positive | BBB (high) | Positive |
| Short-Term Deposits | R-1 (low) | Stable | R-1 (low) | Stable |
| Subordinated Debt | BB (high) | Positive | BBB (low) | Stable |
| Senior Non-Preferred Debt | BBB (low) | Positive | BBB | Stable |
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 GROUP VAT, VAT No. 03830780361 – Share capital Euro 2,121,637,109.40 – 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. +39 059.2021111 – Telefax +39 059.2022033 – e-mail: [email protected] – Certified e-mail (PEC): [email protected] – bper.it – group.bper.it
Morningstar DBRS's press release with a full list of the ratings assigned to BPER Banca can be found on the rating agency's website (dbrsmorningstar.com).
BPER Banca S.p.A.
Contacts:
Investor Relations [email protected] External Relations [email protected]
This press release is also available in the EMARKET Storage system.