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CASS - Societa Cattolica Di Assicurazione SpA News Story

€5.59 -0.1  -2.4%

Last Trade - 24/01/22

Sector
Financials
Size
Mid Cap
Market Cap £960.3m
Enterprise Value £1.60bn
Revenue £4.21bn
Position in Universe 159th / 737

BRIEF-Banco BPM open to finding solution with Cattolica over 'bancassurance'

Tue 9th February, 2021 6:08pm
Feb 9 (Reuters) - Banco BPM Chief Executive Giuseppe
Castagna tells analysts in a  post-results call:
    * SEES COST OF RISK IN 2021 IN LINE WITH 2020, DOESN'T RULE
OUT
ADDITIONAL PROVISIONS DUE TO THE HEALTH EMERGENCY BUT LESS THAN
50 BPS BOOKED IN 2020
    * ON POTENTIAL M&A, BANK IS DOING "PRELIMINARY INTERNAL
HOMEWORK"
TO UNDERSTAND BEST COMBINATION
    * BANK OPEN TO DISCUSSIONS WITH CATTOLICA TO FIND A SOLUTION
ON
'BANCASSURANCE'

Further company coverage:  BAMI.MI 

 (Reporting by Milan newsroom)
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