skarlatti
Forumer storico
stanno cercando di riconquistare la fiducia dei clienti... i bond che valgono spazzatura sono le sub, io credo che per i clienti che hanno in portafoglio sub Pop VI prese in emissione faranno una qualche offerta di scambio.
Obbligazioni bancarie Obbligazioni Banca Popolare di Vicenza e Veneto Banca (4 lettori)
- Creatore Discussione darkog
- Data di Inizio
stanno cercando di riconquistare la fiducia dei clienti... i bond che valgono spazzatura sono le sub, io credo che per i clienti che hanno in portafoglio sub Pop VI prese in emissione faranno una qualche offerta di scambio.
Vet
Forumer storico
a me da piccolino hanno insegnato che le obbligazioni, sub comprese, sono sempre e comunque SENIOR rispetto alle azioni.......a te risulta di no in un eventuale ristoro
Jurij Gagarin
Forumer attivo
Popolare di Vicenza and Veneto Banca have removed a big obstacle to a state bailout they have requested to stay in business by reducing the risk of shareholder lawsuits, but still face a hard task to win European Union approval for the rescue plan.
Italy wants to avoid having to wind down the two regional banks because it fears that ensuing losses for creditors and major depositors would further dent confidence in its ailing banking system. The EU Commission must approve the banks' restructuring plan to unlock state funds.
The two banks said on Tuesday they would pay around 441 million euros ($469 million) to stave off potential legal action from around 121,000 investors, potentially paving the way for a bailout deal.
The retail investors had their savings wiped out when two banks were rescued less than a year ago by state-sponsored, privately funded bailout fund Atlante.
Since then Popolare di Vicenza and Veneto Banca, both based in Italy's industrial north-east, have had to seek help from the state to fill a capital shortfall of up to 6.4 billion euros ($6.8 billion) identified by European Central Bank supervisors.
"The two banks were a minefield before the settlement deal with shareholders," Popolare di Vicenza Chairman Gianni Mion told a news conference.
"We passed the written test when the ECB declared us viable, now we have an oral exam to sit through with the European Commission ... it is very complex work ... but we are hopeful we can be granted a state recapitalisation."
The two banks, which are both under investigation by magistrates over alleged misselling of their shares to retail investors, offered to repay shareholders who bought stock in the past 10 years 15 percent of their investment losses.
The take-up of the offer was around 70 percent, below a target of 80 percent but enough to cut the legal risks. Popolare di Vicenza CEO Fabrizio Viola said such risks would have made it impossible for the state - or anyone else - to invest.
Viola - who was brought in by Atlante to oversee a merger of the two banks - said he was working with authorities in Brussels to agree a restructuring plan that ensured the two banks could be profitable after a merger.
He said it was imperative to lower a cost-to-income ratio that was now at around 100 percent but declined to give any numbers on job cuts after a report in Italian media at the weekend said the two banks may need to cut 4,000 jobs out of a total of around 11,000.
"The EU wants a bank that is able to stand on its own two feet ... trade unions must understand that the situation is very, very, very serious ... we're not optimising costs here ... survival is at stake," he said.
Viola said it was too early to provide any details over the timing of the state bailout and its size.
He said Atlante would discuss with the Italian Treasury and the EU Commission whether to invest more money in the banks because the fund wants to curb losses for its contributors which are the country's leading banks and insurers.
Popolare di Vicenza and Veneto Banca posted a 2016 combined loss of 3.4 billion euros.
Italy wants to avoid having to wind down the two regional banks because it fears that ensuing losses for creditors and major depositors would further dent confidence in its ailing banking system. The EU Commission must approve the banks' restructuring plan to unlock state funds.
The two banks said on Tuesday they would pay around 441 million euros ($469 million) to stave off potential legal action from around 121,000 investors, potentially paving the way for a bailout deal.
The retail investors had their savings wiped out when two banks were rescued less than a year ago by state-sponsored, privately funded bailout fund Atlante.
Since then Popolare di Vicenza and Veneto Banca, both based in Italy's industrial north-east, have had to seek help from the state to fill a capital shortfall of up to 6.4 billion euros ($6.8 billion) identified by European Central Bank supervisors.
"The two banks were a minefield before the settlement deal with shareholders," Popolare di Vicenza Chairman Gianni Mion told a news conference.
"We passed the written test when the ECB declared us viable, now we have an oral exam to sit through with the European Commission ... it is very complex work ... but we are hopeful we can be granted a state recapitalisation."
The two banks, which are both under investigation by magistrates over alleged misselling of their shares to retail investors, offered to repay shareholders who bought stock in the past 10 years 15 percent of their investment losses.
The take-up of the offer was around 70 percent, below a target of 80 percent but enough to cut the legal risks. Popolare di Vicenza CEO Fabrizio Viola said such risks would have made it impossible for the state - or anyone else - to invest.
Viola - who was brought in by Atlante to oversee a merger of the two banks - said he was working with authorities in Brussels to agree a restructuring plan that ensured the two banks could be profitable after a merger.
He said it was imperative to lower a cost-to-income ratio that was now at around 100 percent but declined to give any numbers on job cuts after a report in Italian media at the weekend said the two banks may need to cut 4,000 jobs out of a total of around 11,000.
"The EU wants a bank that is able to stand on its own two feet ... trade unions must understand that the situation is very, very, very serious ... we're not optimising costs here ... survival is at stake," he said.
Viola said it was too early to provide any details over the timing of the state bailout and its size.
He said Atlante would discuss with the Italian Treasury and the EU Commission whether to invest more money in the banks because the fund wants to curb losses for its contributors which are the country's leading banks and insurers.
Popolare di Vicenza and Veneto Banca posted a 2016 combined loss of 3.4 billion euros.
Jurij Gagarin
Forumer attivo
assolutamente prematuro parlare di tempistica. e l'ipotesi fusione prima e aumento poi non è tramontata.
Titolo: *Bpvi/Veneto B.: Viola, aumento solo dopo fusione? Decidera' Bce
Ora: 11/04/2017 15:56
Testo:
Titolo: *Bpvi/Veneto B.: Viola, aumento solo dopo fusione? Decidera' Bce
Ora: 11/04/2017 15:56
Testo:
angy2008
Forumer storico
ma noi si diceva spazzatura riferito a quanto le quotano attualmente.
Comunque per peggiorare ancora un pò il mio ptf ho mediato oggi la Venetona, prese a 15,5 OTC
skarlatti
Forumer storico
io non le ho ma son curioso di vedere come va a finire... tu cosa ti aspetti?
Fabrib
Forumer storico
MF:
OK AI RISTORI DAI CDA DI POPOLARE VICENZA E VENETO BANCA VIA LIBERA ALL’OFFERTA DI TRANSAZIONE CON GLI AZIONISTI
Le venete chiudono la partita coi soci
Prosegue la trattativa con Bruxelles sul piano di salvataggio: l’aumento di capitale potrebbe essere inferiore al fabbisogno
Intanto Carige risponde alla Bce difendendo l’operazione-npl e il piano strategico. Allo studio conversione dei subordinati
(Gualtieri e La Monica alle pagine 2 e 3)
OK AI RISTORI DAI CDA DI POPOLARE VICENZA E VENETO BANCA VIA LIBERA ALL’OFFERTA DI TRANSAZIONE CON GLI AZIONISTI
Le venete chiudono la partita coi soci
Prosegue la trattativa con Bruxelles sul piano di salvataggio: l’aumento di capitale potrebbe essere inferiore al fabbisogno
Intanto Carige risponde alla Bce difendendo l’operazione-npl e il piano strategico. Allo studio conversione dei subordinati
(Gualtieri e La Monica alle pagine 2 e 3)
angy2008
Forumer storico
mi sbaglierò ma se continuano a pagare cose senza giustificazioni logiche, almeno per me,qualche speranza che poi mi diano qualcosa la mantengo, ovviamente non sono all in anche se ho raggiunto la quota esagerata che avevo tempo fà investito in Groupama quando era nel ciclone, anche lì partivo da valori esagerati che poi ho mediato a più riprese e scalettato in uscita man mano che generavan buoni utili. Non penso che tutte le storie finiscan bene ma mi contento se sono la maggioranza ... alla faccia del barbiere.
Vespasianus
Princeps thermarum
Most bad loans held by Italian banks do not need to be sold immediately, the governor of the Bank of Italy said on Tuesday, in a bid to quell pressure on banks saddled with soured credit.
In absolute terms, Italy is the EU country with the highest level of non-performing loans (NPLs) on bank balance sheets, data from the European Banking Authority (EBA) show, a burden that reduces their ability to lend to companies and households.
"The majority of bad loans are held by banks whose financial position does not require to sell them immediately," Ignazio Visco told European Union lawmakers at a hearing in the economic affairs committee of the EU parliament.
His remarks came after Italian Finance Minister Pier Carlo Padoan said last week that banks should be given a "reasonable" time to sell bad loans.
The European Central Bank, which supervises euro zone banks through its Single Supervisory Mechanism, included offloading NPLs in its priorities for this year. It urged ailing banks to submit "ambitious and realistic" plans to deal with them.
Visco said the Italian government had set aside enough funds to deal with capital shortfalls that may emerge in the country's most troubled banks as a result of the offloading of their NPLs.
He said that the sale of bad loans by the ailing banks at market prices far below their book value would create a total capital shortfall of about 10 billion euros ($10.6 billion), far less than the 20 billion-euro fund set up by the Italian government at the end of last year to support troubled banks.
Banca Monte dei Paschi di Siena, Italy's fourth-largest lender, holds the largest proportion of bad loans compared with its capital. Only a few other, smaller banks are also affected by the problem, Visco said.
Among those are two smaller banks from the Veneto region, Popolare di Vicenza and Veneto Banca, which have called for the use of an exception in EU rules on banking rescues that would reduce losses for their creditors in case of state aid.
EU bail-in rules require heavy losses for bank creditors, including large depositors, before public money can be used. They were introduced to end taxpayer-funded bank bailouts which were frequent during the 2008-09 global financial crisis.
Visco said he was "quite confident" that an agreement with EU regulators can be reached on a plan to plug the capital shortfall of the two lenders with limited losses for creditors. Monte Paschi is negotiating with the EU a similar state support.
Visco's remarks on the Veneto banks echoed last week's comments by Padoan and statements from EU regulators that a solution for the two banks can be found in coming weeks.
He added that, even with the EU exception granted, subordinated creditors of the two small lenders may need to contribute to the public rescue with about 1 billion euros.
Public support for Italian banks with high levels of NPLs should be done at national level and without EU funds, Visco said.
He discarded plans for an EU-funded bad bank to absorb soured loans put forward by the EBA. The plan was rejected last week by EU finance ministers.
(Reuters)
In absolute terms, Italy is the EU country with the highest level of non-performing loans (NPLs) on bank balance sheets, data from the European Banking Authority (EBA) show, a burden that reduces their ability to lend to companies and households.
"The majority of bad loans are held by banks whose financial position does not require to sell them immediately," Ignazio Visco told European Union lawmakers at a hearing in the economic affairs committee of the EU parliament.
His remarks came after Italian Finance Minister Pier Carlo Padoan said last week that banks should be given a "reasonable" time to sell bad loans.
The European Central Bank, which supervises euro zone banks through its Single Supervisory Mechanism, included offloading NPLs in its priorities for this year. It urged ailing banks to submit "ambitious and realistic" plans to deal with them.
Visco said the Italian government had set aside enough funds to deal with capital shortfalls that may emerge in the country's most troubled banks as a result of the offloading of their NPLs.
He said that the sale of bad loans by the ailing banks at market prices far below their book value would create a total capital shortfall of about 10 billion euros ($10.6 billion), far less than the 20 billion-euro fund set up by the Italian government at the end of last year to support troubled banks.
Banca Monte dei Paschi di Siena, Italy's fourth-largest lender, holds the largest proportion of bad loans compared with its capital. Only a few other, smaller banks are also affected by the problem, Visco said.
Among those are two smaller banks from the Veneto region, Popolare di Vicenza and Veneto Banca, which have called for the use of an exception in EU rules on banking rescues that would reduce losses for their creditors in case of state aid.
EU bail-in rules require heavy losses for bank creditors, including large depositors, before public money can be used. They were introduced to end taxpayer-funded bank bailouts which were frequent during the 2008-09 global financial crisis.
Visco said he was "quite confident" that an agreement with EU regulators can be reached on a plan to plug the capital shortfall of the two lenders with limited losses for creditors. Monte Paschi is negotiating with the EU a similar state support.
Visco's remarks on the Veneto banks echoed last week's comments by Padoan and statements from EU regulators that a solution for the two banks can be found in coming weeks.
He added that, even with the EU exception granted, subordinated creditors of the two small lenders may need to contribute to the public rescue with about 1 billion euros.
Public support for Italian banks with high levels of NPLs should be done at national level and without EU funds, Visco said.
He discarded plans for an EU-funded bad bank to absorb soured loans put forward by the EBA. The plan was rejected last week by EU finance ministers.
(Reuters)