Brief: Banca Sistema Acquires Jewelry-Backed Loans Business Line Of Intesa Sanpaolo

Banca Sistema

18/11/2019 11:15

Nov 18 (Reuters) - Banca Sistema SpA  BSTA.MI :
    * ACQUISITION OF GOLD/JEWELRY-BACKED LOANS BUSINESS LINE OF
GRUPPO
INTESA SANPAOLO
    * TRANSACTION VALUE IS EQUAL TO EUR 34 MLN AND INCLUDES
GOODWILL,
WHICH WILL BE CARRIED OUT BY SUBSIDIARY PRONTOPEGNO
    * ESTIMATED IMPACT OF ACQUISITION ON CET1 RATIO COMES AT
ABOUT
-170/180 BPS RELATIVE TO REGULATORY FIGURE AT 30 SEPT. 2019 AND
HAS NOT BEEN INCLUDED IN 2018-2020 BUSINESS PLAN

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAVpHx5
    
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