DOCSLIB.ORG

2018 Q3 Deleveraging Europe

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Full steam ahead Deleveraging report 2018 Q3 Financial Advisory Contents Introduction 1 European NPL market overview 2 Charting new waters – shipping 9 Key markets 11 David Edmonds Andrew Orr Global Head Global Transactions Leader United Kingdom 11 Portfolio Lead Advisory Services Portfolio Lead Advisory Services Ireland 15 Italy 19 Spain 25 Portugal 29 Greece 33 William Newton Benjamin Collet Cyprus 37 Head of Strategic Advisory Partner Asia 39 Portfolio Lead Advisory Services Portfolio Lead Advisory Services Contacts 42 Deloitte PLAS 43 About this report Unless specified otherwise, all the data in the Deloitte Deleveraging report is based on ongoing tracking and monitoring of deal activity, based on Deloitte practitioners’ insights into the respective markets together with public and industry sources, notably Debtwire. This combination of sources limits the detail we can provide on individual transactions or identifiable data segmentation. All data in this 2018 Q3 report correct as of October 2018. Full steam ahead | Deleveraging report 2018 Q3 Introduction The European loan portfolio market continued at pace through 2018, with €120bn in face value of deals concluded in the year to date, already surpassing the total traded in 2016, and on course to exceed €200bn in the full year. The pace of activity continued unabated through the usually quiet summer Activity by year (€bn) holidays, as banks respond to regulatory pressures to reduce leverage and offload assets, completing €48bn during the third quarter. The pipeline of €84bn 2014 44 56 €100bn in announced and ongoing deals across Europe puts 2018 on course to be 31 76 another record year, and likely to surpass the €200bn milestone by year end, as 2015 €107bn anticipated in our last report. 2016 44 64 €108bn 47 105 Italy and Spain continue to dominate the market, between them accounting 2017 €152bn for over half of the portfolio trades. Portuguese banks have accelerated their 2018 72 48 84 €204bn activity with €3bn in completed trades and €4bn in ongoing deals. Deal activity has also taken off in the Aegean, with both Greek and Cypriot banks selling H1 H2 Ongoing Total 50 100 150 200 250 sizeable secured portfolios this year. This is likely to continue as central banks and regulators continue to apply pressure on the banks to escalate their 0 Number of completed deals 2018 / 2017 deleveraging activities. 2018 has also seen a significant uplift in shipping loan portfolio activity, starting 22 10 with the successful sale of Deutsche Bank’s €1bn shipping loan portfolio, which 6 15 has been subsequently followed by over €5bn of portfolios in the market across 30 14 7 3 Europe. 41 8 3 5 5 43 The trend of an increasing proportion of performing loan portfolios continues, 2018 YTD = 108 deals 28 14 representing 15% of traded portfolios the first three quarters of 2018, as asset- 2017 = 146 deals backed security markets support pricing opportunities for non-regulated capital. 2018 2017 2017 2018 Italy Spain Austria & CEE Portugal Ireland UK Greece Other 1 Full steam ahead | Deleveraging report 2018 Q3 European NPL market overview The stock of non-performing loans (NPLs) The latest EBA Risk Dashboard calculates There is significant disparity across has been steadily declining across Europe an average NPL ratio of 3.6%, a significant European nations, with Greek and Cypriot over the past decade since the financial reduction from 5% in 2015, but still leaving NPL ratios significant outliers. crisis. This trend has continued in the year European banks holding an estimated €750bn since the European Commission’s “Action of non-performing loans and advances. Plan to Tackle Non-Performing Loans in Europe” was agreed, with the Council calling There are 17 nations which have a ratio on banks and regulators across the EU to below the European average, with 13 above take action to tackle both the legacy stock of the average of 3.6% holding 55% of the NPL NPLs, and the risk of future build-up. stock against only 23% of total assets. €750bn stock of NPLs held across Europe €180bn 50% €160bn 45% 40% €140bn 35% €120bn 30% €100bn 25% €80bn 20% €60bn 15% €40bn 10% €20bn 3.6% European average 5% €0bn 0% IT FR ES GR GB DE NL PT BE AT IE CY DK SE PL NO HU HR CZ RO FI BG SI LU SK IS LT MT LV EE NPL value (left axis) NPL ratio (right axis) Source: European Banking Authority Risk Dashboard 2018 Q2 2 Full steam ahead | Deleveraging report 2018 Q3 At the bank level, the share of European CET1 ratio banks with >14% CET1 ratio (considered 100 ‘good behaviour’ by the EBA) has steadily 80 increased over the past four years, despite 60 a slight dip in early 2018. 40 20 Similarly, there has been a steady increase 0 in the number of European banks with NPL Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 ratios below 3% (‘good’), while the share of banks with NPL ratios above 8% (‘worst’) >14% 11%-14% <12% Source: European Banking Authority Risk Dashboard 2018 Q2 has more than halved over the past year 12.1% in mid 2017 to 5.9% in the latest report. NPL ratio The picture has been less rosy in terms of 100 coverage ratios, with the share of European 80 banks in the ‘worst’ (42.9%) category 60 increasing over the past four years. 40 20 0 The quarterly Risk Dashboards produced Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 by the EBA include data on a wide range 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 of ‘Key Risk Indicators’ including liquidity, <3% 3%-8% >8% funding, solvency, profitability, and market Source: European Banking Authority Risk Dashboard 2018 Q2 risk, as well as asset quality including NPL ratios and totals. The data does not include NPLs held by state-owned ‘bad banks’ such Coverage ratio of non-performing loans and advances as Ireland’s NAMA, or the UK’s UKAR, and 100 also does not reflect asset sales in Q3 of 80 2018. Nevertheless, the EBA data provides 60 a comprehensive baseline reading of the 40 size of the outstanding NPL pool in Europe. 20 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 . 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 >55% 40%-55% <40% Source: European Banking Authority Risk Dashboard 2018 Q2 3 Full steam ahead | Deleveraging report 2018 Q3 Activity by asset type since 2014 (€bn) €162bn €145bn 31 11 10 5 €117bn 14 9 22 67 24 €57bn 119 €55bn 9 11 €35bn €35bn 22 €26bn 12 62 6 €26bn 9 1 9 8 2 49 3 17 6 €14bn 24 6 2 13 23 21 1 2 10 1 13 9 10 CRE Residential RED REO Corporate Consumer Unsecured Shipping Mixed Other Previous years 2017 2018 Ongoing Activity by country since 2014 (€bn) – completed and ongoing transactions IT 61 52 36 40 €189bn ES 48 53 35 12 €148bn UK 86 22 7 6 €122bn IE 64 4 12 3 €83bn GR 3 11 5 €19bn PT 4 2 3 4 €14bn CY 2 6 1 €9bn 0 50 100 150 200 Previous years 2017 2018 Ongoing 4 Full steam ahead | Deleveraging report 2018 Q3 Loan sale activity by portfolio type per country since 2014 (€bn) – completed transactions IT 147 2 €149bn ES 136 1 €137bn UK 81 34 €116bn IE 73 7 €80bn GR 15 €15bn PT 9 €9bn CY 8 €8bn Non-Performing Loans (NPL) Performing Loans (PL) Loan sale activity by portfolio type (€bn) – completed transactions 100% 80% 60% 85% 40% 20% 15% 0% 2014 2015 2016 2017 2018 Non-Performing Loans (NPL) Performing Loans (PL) 5 Full steam ahead | Deleveraging report 2018 Q3 Top sellers since 2014 (€bn) UKAR 17 61€45.9bn Santander 1 31 4 €37.4bn UniCredit 21 2 1 €32.3bn NAMA 10 €30.5bn Banca MPS 24 €29.0bn IBRC €23.3bn CaixaBank 2 2 14 €22.6bn Sabadell 41 12 €19.5bn Lloyds Banking Group 5 €18.9bn BBVA 14 1 €17.6bn Intesa Sanpaolo 3 3 11 €17.5bn Royal Bank of Scotland 1 1 €16.5bn GE Capital 3 €16.2bn permanent tsb 3 2 €11.8bn Commerzbank 2 €10.6bn Lone Star 1 8 €9.1bn Bankia 111 €8.7bn Bank of America 9 €8.6bn Banco BPM 3 5 €8.5bn BNP Paribas €8.3bn previous years 2016 2017 2018 H1 2018 Q3 6 Full steam ahead | Deleveraging report 2018 Q3 Top buyers since 2014 (€bn) Cerberus 9 15 16 2 €898bn Blackstone 1 49 1 €37bn one Star 6 13 2 €418bn CarVal 2 1 14 €258bn Deutsche Bank 11 2 €185bn Fortress 14 €170bn Goldman Sachs 3 2 2 €138bn Apollo 3 6 €134bn aktree 6 €132bn Banca IFIS 2 3 1 €128bn Barclays 12 €117bn Intrum 10 1 €112bn Bain Capital 2 3 2 2 €99bn AnaCap 3 1 €8bn loyds Banking Group 9 €8bn Wells Fargo €83bn Christofferson, Robb & Co. 2 5 €75bn B2 Holding 1 4 2 €9bn APS 3 2 €7bn LC Partners 5 1€57bn previous years 2016 2017 2018 H1 2018 Q3 7 Full steam ahead | Deleveraging report 2018 Q3 Shipping deals Project name Type Country Seller Completed Buyer Size Confidential PL France Société Générale 2012 H2 Citigroup €1.3bn Project White NPL UK Lloyds Banking Group 2014 H1 Oaktree €1.0bn Project White 2 NPL UK Lloyds Banking Group 2014 H1 Davidson Kempner, Bank of America €1.0bn Confidential Mixed Germany Commerzbank 2014 H2 KKR, Borealis Maritime USD $0.2bn Hanseatic Ship Asset Management Mixed Germany Commerzbank 2015 H2 KKR, Borealis Maritime USD $0.3bn Ship Financing Portfolio NPL Germany HSH Nordbank 2016 H1 hsh portfoliomanagement AöR €5.0bn Confidential NPL Germany Nord/LB 2016 H2 KKR USD $1.5bn Confidential NPL Greece Royal Bank of Scotland 2017 H1 Orix, Berenberg Bank USD $0.6bn Project Jewel Fish Mixed Germany Commerzbank 2017 H1 Oak Hill Advisors, Värde Partners €1.0bn Project Moon Fish Mixed Germany Commerzbank 2017 H2 Cross Ocean, Berenberg Bank €0.3bn Project Lioness Mixed Germany Deutsche Bank 2018 H2 Oak Hill Advisors, Värde Partners USD $1.1bn Confidential NPL Italy Banca MPS 2018 H2 SC Lowy Fund USD $0.2bn Project Isabella NPL Italy Banca Carige Ongoing €1.4bn Confidential NPL Germany Nord/LB Ongoing €5.0bn Project Nemo NPL Greece Piraeus Bank Ongoing €0.8bn 8 Full steam ahead | Deleveraging report 2018 Q3 Charting new waters The market for shipping loans emerges Based on conservative estimates, there is After years of relative calm, momentum Piraeus Bank is also indicating an upcoming over €300bn of shipping finance globally, is now building behind the disposal of €800m shipping portfolio.
Recommended publications
  • Evolución De Los Principales Grupos Bancarios Españoles (2009-2021)

    Evolución De Los Principales Grupos Bancarios Españoles (2009-2021)

    Evolución de los principales grupos bancarios españoles (2009-2021) Intervenida por BE (sustitución de administadores) Capital controlado por el FROB Integración SIP Constitución del banco 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Integration processes I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D Santander Santander Banco Popular Banco Popular Banco Pastor BBVA Caixa Sabadell BBVA Caixa Terrasa Unnim Unnim Banc Caixa Manlleu BBVA Caixa Catalunya Caixa Tarragona Catalunya Caixa Catalunya Banc CX Caixa Manresa La Caixa Caixa Girona La Caixa Caixabank Caja Sol Caja Guadalajara Caja Sol Caixabank Caja Navarra Banca Cívica Caja Burgos Banca Cívica Caixabank Caja Canarias Banco de Valencia Banco de Valencia Caja Madrid Bancaja Caixabank Caja de Ávila Caja Segovia BFA-Bankia Caja La Rioja Caixa Laietana Caja Insular de Canarias Bankia Caja Murcia Caixa Penedés Caja Granada Mare Nostrum Banco Mare Nostrum BMN Sa Nostra Banco Sabadell Banco Guipuzcoano Banco Sabadell Banco Sabadell Caja de Ahorros del Mediterráneo CAM Banco CAM Banco Sabadell Banco Gallego (Grupo NCG) Banco Gallego Bankinter Bankinter Unicaja Caja Jaén Unicaja Unicaja Banco Caja Duero Unicaja Banco Caja España Caja España de Inversiones Banco CEISS Cajastur Unicaja CCM CCM Cajastur Banco Caja Cantabria Liberbank Liberbank Caja Extremadura Caja de Ahorros Inmaculada CAI Caja Círculo Católico de Burgos Caja 3 Banco Grupo Caja 3 Caja Badajoz Ibercaja Banco Ibercaja Ibercaja Banco Kutxa Caja Vital BBK BBK Kutxabank Kutxabank CajaSur CajaSur Banco Etcheverría Caixa Galicia Abanca Caixa Nova Novacaixagalicia NCGBanco Evo Banco C.R.
  • ABI Banca/Intermediari Finanziari Aderenti Al FONDO DI GARANZIA PER LA PRIMA CASA Misure Di Sostegno Accordate Dal Soggetto Fina

    ABI Banca/Intermediari Finanziari Aderenti Al FONDO DI GARANZIA PER LA PRIMA CASA Misure Di Sostegno Accordate Dal Soggetto Fina

    Misure di sostegno accordate dal soggetto finanziatore ex art. 4 Banca/Intermediari finanziari aderenti al comma 2 lett. c) del Decreto 31 luglio Eventi che determinano l'intervento ABI FONDO DI GARANZIA PER LA PRIMA CASA 2014 attuativo del delle misure di sostegno FONDO DI GARANZIA PER LA PRIMA CASA BANCA ALPI MARITTIME CREDITO 08450 sospensione pagamento quota capitale fino a 12 mesi, perdita del lavoro, malattia invalidante o morte del COOPERATIVO CARRU' allungamento durata mutuo fino a 24 mesi mutuatario sospensione pagamento per la sola quota capitale fino perdita del lavoro, malattia invalidante o morte del a di 12 mesi, allungamento durata mutuo fino a 60 08810 BANCA BCC DI SAN GIOVANNI ROTONDO mutuatario mesi 06175 BANCA CARIGE S.p.A ______ ______ BANCA CASSA DI RISPARMIO DI SAVIGLIANO 06305 S.pA cessazione del rapporto di lavoro, riduzione dell'orario di sospensione quota capitale fino a 12 mesi, BANCA CENTROPADANA CREDITO lavoro per un periodo di almeno 30 giorni; morte rimodulazione con eventuale allungamento piano di 08324 componente nucleo familiare o insorgenza di condizioni di COOPERATIVO rimborso non autosufficienza. cessazione del rapporto di lavoro subordinato sia a tempo determinato che indeterminato ad eccezione delle ipotesi di risoluzione consensuale, di risoluzione per limiti di età, di licenziamento per giusta causa o giustificato motivo soggettivo, di dimissioni del lavoratore non per giusta causa, con attualità dello stato di disocupazione; cessazione dei rapporti di lavoro parasubordinato di cui all'art. 409, n.3 sospensione del mutuo fino ad un massimo di 12 mesi, BANCA CREDITO COOPERATIVO DI del codice di procedura civile, ad eccezione delle ipotesi di per una sola volta, con sospensione del pagamento di 8843-5 risoluzione consensuale, di recesso datoriale per giusta SANT'ELENA quota capitale e quota di interessi causa, di recesso del lavoratore non per giusta causa, con attualità dello stato di disoccupazione; morte o riconoscimento di handicap grave, ai sensi dell'art.
  • Western Europe 2020

    Western Europe 2020

    Global Finance Announces Its 27th Annual Best Bank Awards And Names The Best Banks In Western Europe 2020 NEW YORK, March 13, 2020 – Global Finance magazine has announced its 27th annual awards for the World’s Best Banks. The honorees for Western Europe are presented here. A full report on the selections will appear in the May issue of Global Finance and online About Global Finance at GFMag.com, with winners chosen in more than 150 countries across Africa, Asia- Pacific, Central & Eastern Europe, Latin America, the Middle East, North America and Global Finance, founded in Western Europe. The May report will also feature selections for the Best US Regional 1987, has a circulation of Banks, the Best Islamic Financial Institutions and the World’s Best Banks by Region. 50,000 and readers in 188 countries. Global Finance’s The overall Best Bank in the World will be announced in the summer and published audience includes senior in the October issue, along with the Best Global Banks in more than a dozen key corporate and financial categories. The winners of this year’s awards are those banks that attended carefully to officers responsible for making investment and strategic their customers’ needs in difficult markets and accomplished betteresults r while laying decisions at multinational the foundations for future success. companies and financial institutions. Its website — All selections were made by the editors of Global Finance after extensive consultations GFMag.com — offers analysis with corporate financial executives, bankers and banking consultants, and analysts and articles that are the legacy throughout the world.
  • Banche, Confidi E Altri Intermediari Che Operano Con Il Fondo

    Banche, Confidi E Altri Intermediari Che Operano Con Il Fondo

    BANCHE, CONFIDI E ALTRI INTERMEDIARI CHE OPERANO CON IL FONDO AGRIFIDI AGRIFIDI EMILIA SOC. COOPRATIVA AGRIFIDI MODENA REGGIO FERRARA AGRIFIDI UNO EMILIA ROMAGNA ALBA LEASING A-LEASING A-LEASING SPA - SERVICE PROMOZIONI SERVIZI APIFIDI CENTRO ITALIA ART SGR ART SGR SPA ARTFIDI LOMBARDIA ARTIGIANCOOP ARTIGIANCREDITO ARTIGIANCREDITO TOSCANO ARTIGIANFIDI ITALIA ASCOM FIDI - VERCELLI ASCOM FIDI ENNA ASCOMFIDI NORD-OVEST ASCONFIDI LOMBARDIA ASTI GROUP PMI BANCA AGRICOLA POPOLARE DI RAGUSA BANCA APULIA BANCA CAMBIANO 1884 BANCA CARIGE BANCA CARIM - CASSA DI RISP. DI RIMINI BANCA CASSA DI RISPARMIO DI SAVIGLIANO BANCA DEL FUCINO BANCA DEL GRAN SASSO BANCA DEL MEZZOGIORNO BANCA DEL MEZZOGIORNO - MEDIOCREDITO CENTRALE BANCA DEL PIEMONTE BANCA DEL SUD BANCA DELL ALTA MURGIA BANCA DI CREDITO POPOLARE BANCA DI FORMELLO E TREVIGNANO ROMANO BANCA DI IMOLA BANCA DI PIACENZA BANCA DI SASSARI BANCA EMILVENETA BANCA FINANZIARIA INTERNAZIONALE BANCA IFIS BANCA INTERPROVINCIALE BANCA MONTE DEI PASCHI DI SIENA BANCA NAZIONALE DEL LAVORO BANCA NUOVA BANCA PASSADORE BANCA PATAVINA BANCA POPOLARE DEL CASSINATE BANCA POPOLARE DEL FRUSINATE BANCA POPOLARE DEL LAZIO BANCA POPOLARE DEL MEDITERRANEO BANCA POPOLARE DELL'ALTO ADIGE BANCA POPOLARE DELLE PROVINCE MOLISANE BANCA POPOLARE DI BARI BANCA POPOLARE DI BERGAMO BANCA POPOLARE DI CIVIDALE BANCA POPOLARE DI FONDI BANCA POPOLARE DI MILANO BANCA POPOLARE DI MILANO SPA BANCA POPOLARE DI PUGLIA E BASILICATA BANCA POPOLARE DI SONDRIO BANCA POPOLARE DI SPOLETO BANCA POPOLARE DI SVILUPPO BANCA POPOLARE DI VICENZA BANCA POPOLARE ETICA BANCA POPOLARE FRIULADRIA BANCA POPOLARE PUGLIESE BANCA POPOLARE SANT ANGELO BANCA POPOLARE VALCONCA BANCA POPOLARE VESUVIANA BANCA PRIVATA LEASING BANCA PROGETTO BANCA PROMOS BANCA PROSSIMA BANCA REALE BANCA SAN GIORGIO E VALLE AGNO BANCA SANTA GIULIA BANCA SELLA BANCA SISTEMA BANCA SVILUPPO ECONOMICO BANCA SVILUPPO TUSCIA BANCA TIRRENICA BANCA VALSABBINA BANCO BPM BANCO DELLE TRE VENEZIE BANCO DI CREDITO P.
  • 2018 EU-Wide Transparency Exercise

    2018 EU-Wide Transparency Exercise

    2018 EU-wide transparency exercise European Banking Authority (EBA) © Management Solutions 2019. All reserved All rights Solutions 2019. Management© www.managementsolutions.com Research and Development © Management Solutions 2019. Todos los derechos reservadosFebruary Página 2019 1 Index Introduction Aggregated results Results per country Outlook and recommendations Annex © Management Solutions 2019. All rights reserved Page 2 Introduction Context and objective In December 2018 the EBA published the results of the 2018 EU-wide transparency exercise, which provide detailed information on, among others, capital, leverage, risk weighted assets (RWA), P&L, credit risk, market risk, or asset quality Introduction • The EBA has been conducting transparency exercises at the EU-wide level on an annual basis since 2011. These exercises are part of the EBA's ongoing efforts to foster transparency and market discipline in the EU financial market, and complements banks' own Pillar 3 disclosures, as laid down in the CRD IV. • Further, the transparency exercises are, unlike the stress tests, disclosure exercises where only bank-by-bank data are published and no shocks are applied to the actual data. • In this context, the EBA has published the results of the EU-wide 2018 transparency exercise1, which will facilitate the consistent comparison and assessment of the resilience of banks across time and at a country and a bank-by-bank level. In particular, this document assesses the results relative to the potential impact on: • Capital (CET1 phase-in and
  • Elenco Dei Soggetti Richiedenti Che Operano Con Il Fondo, Con Specifica

    Elenco Dei Soggetti Richiedenti Che Operano Con Il Fondo, Con Specifica

    Elenco dei soggetti richiedenti che operano con il Fondo – account abilitati all’utilizzo della procedura telematica - Ottobre 2020 (informativa ai sensi del Piano della Trasparenza - parte X delle Disposizioni operative) DENOMINAZIONE SOGGETTO RICHIEDENTE COGNOME NOME E-MAIL TELEFONO AAREAL BANK MAZZA ANTONIO [email protected] 0683004228 AAREAL BANK CIPOLLONE LORELLA [email protected] 0683004305 AGFA FINANCE ITALY SPA CRIPPA ANTONELLA [email protected] 023074648 AGFA FINANCE ITALY SPA BUSTI FILIPPO [email protected] AGRIFIDI ZAPPA GIUSEPPE [email protected] 3371066673 AGRIFIDI EMILIA ROMAGNA TEDESCHI CARLO ALBERTO [email protected] 05211756120 AGRIFIDI MODENA REGGIO FERRARA TINCANI ENNIO EMANUELE [email protected] 059208524 AGRIFIDI UNO EMILIA ROMAGNA EVANGELISTI CARLOTTA [email protected] 0544271787 AGRIFIDI UNO EMILIA ROMAGNA MONTI LUCA [email protected] 0544271787 A-LEASING SPA LOMBARDO CLAUDIO [email protected] 0422409820 ALLIANZ BANK FINANCIAL ADVISORS PISTARINO FRANCA [email protected] 0131035420 ALLIANZ BANK FINANCIAL ADVISORS CORIGLIANO FABIO [email protected] 0272168085 ALLIANZ BANK FINANCIAL ADVISORS CHIARI STEFANO [email protected] 0272168518 ALLIANZ BANK FINANCIAL ADVISORS CANNIZZARO FEDERICO [email protected] 3421650350 ALLIANZ BANK FINANCIAL ADVISORS KOFLER SAMUEL [email protected] 3466001059 ALLIANZ BANK FINANCIAL ADVISORS FERRARI PIERO [email protected] 3477704188 ALLIANZ
  • Unicaja Banco-Liberbank Merger Project Presentation

    Unicaja Banco-Liberbank Merger Project Presentation

    MERGER PROJECT UNICAJA BANCO – LIBERBANK 30 December 2020 Disclaimer The information contained in this presentation may not be used as the basis to enter into any contract or agreement and nothing herein constitutes an offer, invitation or recommendation to engage in investment in the shares, or any other financial instrument, of Unicaja Banco, S.A. (“Unicaja Banco”), especially in the United States, the United Kingdom, Canada, Japan, Australia or any other country where the purchase and sale of these shares is prohibited under applicable legislation. The distribution of this presentation in certain jurisdictions may be restricted by law. Consequently, persons to which this presentation is distributed must inform themselves about and observe such restrictions. By receiving this presentation the recipient agrees to observe any such restrictions. This presentation may include forward-looking statements, projections, objectives, estimates and forecasts which have not been verified by an independent entity, and the accuracy, completeness or correctness thereof should not be relied upon. Forward looking statements, projections, objectives, estimates and forecasts are generally identifiable by the use of the words “ may,”“ will,”“ should,”“ plan,”“ expect,”“ anticipate,”“ estimate,”“ believe,”“ intend,”“ project,” or the negative of these words or other variations on these words or comparable terminology. All forecasts and other statements included in this presentation that are not statements of historical fact, including, without limitation, those regarding the financial position, business strategy, management plans and objectives for future operations of Unicaja Banco (which term includes its subsidiaries and investees) and run-rate metrics, are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of Unicaja Banco, or industry results, to be materially different from those expressed or implied by these forward-looking statements.
  • Capital Link Invest in Greece Forum Monday, December 11, 2017 - New York City

    Capital Link Invest in Greece Forum Monday, December 11, 2017 - New York City

    19thAnnual Capital Link Invest in Greece Forum Monday, December 11, 2017 - New York City Conference Notes In Cooperation with Lead Sponsors Press Release An International Summit on Greece in New York Featuring Top US Investors, Global Investment Banks & Institutions, the Greek Government & Business Leaders CONFERENCE MATERIALS AND PROGRAMME AGENDA ARE AVAILABLE AT http://forums.capitallink.com/greece/2017/index.html The 19th Annual Capital Link Invest in Greece The Forum offered a unique combination of Forum was organized at the Metropolitan Club in New information, marketing and networking opportunities. York City on Monday, December 11, 2017 with huge The participants this year had the opportunity to be success attracting more than 1350 participants. This is informed about Greece from: an International Summit about Greece in New York • 87 high - level speakers who addressed organized in cooperation with the New York Stock • 1350 delegates who attended the forum Exchange and major global investment banks. • 153 one-to-one meetings with listed and non- listed companies The Forum featured government and business leaders • Separate meetings for the Greek Economy from Greece, Europe and the United States, and top Ministers with Group of Institutional investors executives from the investment, financial and business (funds) which are interested in investing in Greece communities. The forum attracts the elite of Wall Street • Separate meetings with representatives of and this year took place in a crucial time for Greece. foreign media After years of recession, Greece is slowly returning to • At the same time all the attendees had the a period of economic growth and aims to position itself opportunity for networking while various parallel as an attractive investment and business destination.
  • Banche Convenzione

    Banche Convenzione

    Convenzione ABI CIG 2020. Aderenti BANCA CENTRO - CREDITO COOPERATIVO TOSCANA-UMBRIA BANCA CENTROPADANA CREDITO COOPERATIVO - SOCIETA' COOPERATIVA BANCA CREMASCA E MANTOVANA - CREDITO COOPERATIVO - SOCIETA' COOPERATIVA BANCA DEI SIBILLINI-CREDITO COOPERATIVO DI CASAVECCHIA-SOCIETA' COOPERATIVA BANCA DEL PICENO CREDITO COOPERATIVO - SOCIETA' COOPERATIVA BANCA DEL PIEMONTE BANCA DEL VALDARNO - CREDITO COOPERATIVO - SOCIETA' COOPERATIVA BANCA DELLA MARCA CREDITO COOPERATIVO - SOCIETA' COOPERATIVA BANCA DI ANCONA E FALCONARA MARITTIMA CREDITO COOPERATIVO - SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO AGRIGENTINO - SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO AGROBRESCIANO - SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO BERGAMASCA E OROBICA - SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO BERGAMO E VALLI - SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO DEGLI ULIVI - TERRA DI BARI - SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO DEL METAURO - SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO DI ARBOREA - SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO DI BASCIANO - SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO DI BELLEGRA SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO DI BUONABITACOLO SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO DI CAPACCIO PAESTUM E SERINO- SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO DI CASALGRASSO E SANT'ALBANO STURA - SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO DI GAUDIANO DI LAVELLO - SOCIETA' COOPERATIVA BANCA DI CREDITO COOPERATIVO DI MOZZANICA - SOCIETA' COOPERATIVA BANCA
  • Relazione Sull'attività Dell'arbitro Bancario Finanziario

    Relazione Sull'attività Dell'arbitro Bancario Finanziario

    Relazione sull’attività dell’Arbitro Bancario Finanziario Appendice numero anno 2019 10 Relazione sull’attività dell’Arbitro Bancario Finanziario Appendice anno 2019 Numero 10 - luglio 2020 © Banca d’Italia, 2020 Indirizzo Via Nazionale, 91 00184 Roma - Italia Telefono +39 06 47921 Sito internet http://www.bancaditalia.it ISSN 2281-4809 (online) Tutti i diritti riservati. È consentita la riproduzione a fini didattici e non commerciali, a condizione che venga citata la fonte. Grafica a cura della Divisione Editoria e stampa della Banca d’Italia INDICE DATI STATISTICI 5 Tav. 1 Ricorsi ricevuti per tipologia di intermediario 7 “ 2 Ricorsi ricevuti e decisi per tipologia di ricorrente 7 “ 3 Ricorsi dei consumatori per area rispetto alla popolazione 7 “ 3bis Ricorsi dei consumatori per regione 8 “ 4 Ricorsi ricevuti per oggetto della controversia 9 “ 5 Ricorsi decisi e numero di riunioni per mese 10 “ 6 Ricorsi ricevuti ed esito per Collegio 10 “ 7 Ricorsi ricevuti per intermediario 11 “ 7bis Ricorsi ricevuti per intermediario e incidenza sul totale ABF 18 “ 8 Ricorsi decisi per intermediario 18 “ 9 Intermediari inadempienti 26 “ 10 Ricorsi decisi per gruppo bancario: primi 10 gruppi per ricorsi decisi nell’anno 27 NOTE METODOLOGICHE 28 Appendice Anno 2019 Relazione sull’attività dell’Arbitro Bancario Finanziario 3 DATI STATISTICI Tavola 1 Ricorsi ricevuti per tipologia di intermediario (1) (unità e valori percentuali) 2018 2019 Variaz. 2018 2019 INTERMEDIARIO Unità Unità % % % Banche 17.577 12.513 -29 65,0 56,7 di cui: banche spa 15.159 11.539 -24 56,0 52,3 banche estere 1.986 543 -73 7,3 2,5 banche popolari 226 243 8 0,8 1,1 banche di credito cooperativo 206 189 -8 0,8 0,9 Società finanziarie 6.618 4.977 -25 24,5 22,6 Poste Italiane spa 2.345 3.672 57 8,7 16,6 Istituti di pagamento 55 36 -35 0,2 0,2 Confidi 7 8 14 0,0 0,0 Imel 282 804 185 1,0 3,6 Soggetti non tenuti ad aderire 163 48 -71 0,6 0,2 Totale 27.047 22.059 -18 100 100 (1) Il dato del 2018 riflette la classificazione dell’intermediario al 31 dicembre 2019.
  • Sustained Momentum Around Bank M&A in Europe

    Sustained Momentum Around Bank M&A in Europe

    19 August 2021 Financial Institutions Sustained momentum around bank M&A in Europe Sustained momentum around bank M&A in Europe Bank M&A momentum in Europe, unleashed by the pick-up in closed and announced deals, shows no signs of slowing. Several deals are in process and Analysts there is an overhang of potential transactions. Market speculation continues to talk up the prospects of more. Dierk Brandenburg [email protected] Since the beginning of 2020, Refinitiv has tracked 50 deals involving European banks for almost USD 37bn of value, including stake building and clean-up stakes as well as Media outright mergers or acquisitions. Consolidation is predominantly happening within Keith Mullin national borders, and this will likely remain the focus despite clear supervisory [email protected] encouragement of cross-border deals and risk sharing. We see capacity reduction as positive, especially in countries like Italy, Spain, and Related Research Germany where banking is characterised by high degrees of fragmentation and/or very European banks facing potential dense branch networks. We expect the trend towards greater consolidation to continue in challenges as normalisation 2021 and 2022, with domestic deals taking the lion’s share of activity. beckons In-country mergers offer second-tier banks the opportunity to leverage the benefits of August 2021 scale to lessen the gaps to national champions and compete on a more level playing field. They also offer national champions an opportunity to consolidate their positions. UniCredit’s exclusive discussions with the Italian Ministry of Economy and Finance is a case in point and will see the situation of Banca Monte dei Paschi di Siena reach some form of resolution if a deal can be struck.
  • Sociedad Unipersonal and Its Subsidiaries (Unicaja Banco Group)Group)

    Sociedad Unipersonal and Its Subsidiaries (Unicaja Banco Group)Group)

    UNICAJAUNICAJA BANCO,BANCO, S.A.S.A. -- SOCIEDAD UNIPERSONALUNIPERSONAL ANDAND ITS SUBSIDIARIESSUBSIDIARIES Auditor’sAuditor's report,report, consolidated annualannual accountsaccounts and consolidated directors’directors' reportreport at 31 DecemberDecember 2013 P. upwcpwc AfreeAfree translationtransiaHon ofof thetite report on thetite consolidated annual accounts originally issued in SpanishSpanish andpreparedand prepared ittin aecordanceaccordance withwith generally accepted accountingaeeounftng principiesprinciples in Spain. In titethe eventevent of aa discrepancy,discrepancy, titethe SpmzishSpanish languagelanguage versionversionprevalis prevails AUDITOWSAUDITOR'S REPORT ON THE CONSOUDATEDCONSOLIDATED ANNUALANNUAL ACCOUNTS To thethe Sole Shareholder of Unicaja Banco, SA.S.A. -- SociedadSociedad Unipersonal,Unipersonal, We havehave auditedaudited thethe consolidated annual accountsaccounts ofof UnicajaUnicaja Banco, S.A.SA. -- SociedadSociedad UnipersonalUnipersonal (the(the ParentParent Company) andand its subsidiañessubsidiaries (the Group), consisfingconsisting of thethe consolidated balancebalance sheetsheet at 31 December 2012, thethe consolidated incomeincome statement,statement, the consolidated statement ofof recognised income and expenses, thethe consolidated statement of changes in equity, the consolidated cash flowflow statementstatement and related notes to the consolidated annual accountsaccounts forfor theme yearyear then ended.ended. AsAs identifiedidenfified inlii Note 1.3 toto methe accompanying consolidatedconsolidated