New slip-up for Bff Bank, with investigations weighing on the Milan prosecutor’s workplace for false accounting | EUROtoday

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(Il Sole 24 Ore Radiocor) – The investigations by the Milan prosecutor’s workplace for false accounting are weighing on Bff Bank. The inventory of the financial institution specializing in factoring is among the many worst on Piazza Affari with a drop (within the late morning of February 17) of round 6% to round 3.6 euros per share, whereas the Ftse Mib marks a rise of round half a proportion level. In element, after the press rumours, the institute introduced that it was “already aware of the preliminary investigations by the Milan Public Prosecutor’s Office, which began, as far as the bank is aware, at the end of 2023 and are still in the preliminary investigation phase”. Furthermore, he “immediately expressed his willingness to collaborate with the Prosecutor’s Office and to provide any useful information to the investigating bodies”. At the identical time, Bff emphasised that the «extraordinary actions» introduced in latest days are «the results of impartial evaluations and administration initiatives», in addition to guaranteeing that «it’s going to proceed to replace the market on the outcomes of those investigations in compliance with present laws».

After Bank of Italy inspectionsBff ended up within the storm once more firstly of February following the maxi-provisions, the relative funds cleanup on the 2025 accounts and the sudden change on the high. Since the start of the month, the inventory has misplaced over 20% (-12.2% on February sixteenth alone) and is now buying and selling under the location value on Piazza Affari (the place the then Banca Farmafactoring made its debut at 4.7 euros in April 2017). However, analysts are observing the state of affairs with warning: Banca Akros has a “Neutral” ranking on the inventory with a goal value of 5.5 euros, whereas Equita has a “Hold” suggestion with a value goal of 6 euros.