BancoBpm launches the takeover bid for Anima at 6.2 euros | EUROtoday

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New transfer within the consolidation of the monetary sector, Banco Bpm declares the launch of a complete takeover bid for Anima at 6.2 euros per share. The announcement comes on the day wherein the group led by Giuseppe Castagna introduced the accounts for the primary 9 months of 2024 with a internet revenue of 1,696 million euros, up by 79.8% on the identical interval of 2023, and a revenue adjusted (adjusted) rose by 25.1% to 1.245 billion. The financial institution thus says it’s “confident of exceeding the previous guidance of 0.95 earnings per share for 2024 despite the downward trend in interest rates”.

The accounts

The group sees a major improve in revenues, which rose by 8.2% to 4.27 billion euros, whereas core working earnings recorded a rise of seven%. Operating prices, nonetheless, elevated by 4.4%, reaching 1.99 billion euros, though the cost-income ratio was lowered to 46.7% in comparison with 48.4% in the identical interval of the earlier 12 months.

At the identical time, credit score high quality additionally improves: mortgage changes fell by 21.3%, reaching 301.8 million euros, whereas internet impaired loans fell to 1.7% of the overall portfolio. At the identical time, the annualized price of threat is lowered to 40 foundation factors, from 53 in 2023.

On the capital entrance, Banco Bpm reaches a report degree of solidity: the Cet1 ratio grows from 14.2% on the finish of 2023 to fifteen.5%, additional strengthening the establishment’s stability in a market context characterised by falling charges.

The board thus permitted the proposal to pay an interim dividend of 40 cents per share for a complete of 600 million euros which «permits us to make sure shareholders an total distribution of 1,450 million in the course of the calendar 12 months 2024, increased by 150 million in comparison with that hypothesized on the time within the Strategic Plan, strengthening confidence in the opportunity of exceeding the general shareholder remuneration goal of 4 billion cumulative within the interval 2023-2026″.