Banca Farmafactoring SpA logo

BFF - Banca Farmafactoring SpA News Story

€4.75 -0.0  -0.7%

Last Trade - 29/09/20

Sector
Financials
Size
Mid Cap
Market Cap £738.8m
Enterprise Value £3.06bn
Revenue £188.4m
Position in Universe 162nd / 717

BRIEF-BFF Banking Group H1 Net Profit Down At EUR 37.5 Mln

Thu 6th August, 2020 10:30am
Aug 6 (Reuters) - Banca Farmafactoring SpA  BFF.MI :
    * H1 NET PROFIT EUR 37.5 MILLION VERSUS PROFIT EUR 38.1
MILLION
YEAR AGO 
    * CET1 RATIO AT 11.5% AT END-JUNE
    * H1 OPERATING INCOME EUR 96.9 MILLION VERSUS EUR 87.3
MILLION
YEAR AGO
    * CONFIRMED INTENTION TO DISTRIBUTE EUR 70.9 MILLION OF 2019
DIVIDEND AS SOON AS REGULATORY CONDITIONS ARE MET, NOT EARLIER
THAN JAN. 1, 2021
    * ON DEPOBANK, DEPENDING ON FINAL CLEARANCE BY RELEVANT
SUPERVISORY AUTHORITIES' DATE, COMPLETION OF MERGER OF DEPOBANK
INTO BFF WILL OCCUR EITHER IN DEC 2020 OR FEB 2021
    * ON DEPOBANK,  CURRENT VALUE OF RISK SHARING MECHANISM IS
EXPECTED TO GENERATE ABOUT €10M OF CAPITAL UPLIFT AT CLOSING
    * BFF DID NOT EXPERIENCE ANY SIGNIFICATIVE IMPACT ON ITS
BUSINESS
CAUSED BY ECONOMIC UNCERTAINTIES RELATED TO COVID-19 PANDEMIC, 
BESIDES LOWER LPIS OVER-RECOVERIES

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA17pDSy
Further company coverage:  BFF.MI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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