Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 4 bis

Oggi mi è arrivata da BGSaxo una comunicazione di un'operazione sul capitale per la Rabobank 6.5%, ISIN XS1002121454.

Nella piattaforma BGSaxo non c'è un PDF con i dettagli dell'operazione, dagli annunci sul sito Rabobank (https://www.rabobank.com/about-us/investor-relations/funding-and-capital/rabobank-certificates) sembra una operazione "tecnica" di semplificazione della struttura, senza impatti sui detentori.

Qualcuno ha approfondito?
ho dato un occhio, qui ci verrebbe il mitico Rot...
dicono che non cambia nulla... e allora perchè tutto questo? avrà un costo... senza ritorno?
 
Portugal's fourth-largest lender Novo Banco, which is preparing for an initial public offering, said on Tuesday its first-quarter net profit fell 1.9% to 177.2 million euros due to growing pressure on its interest margin.
The unlisted bank said net interest income, or gains on loans minus deposit costs, fell 6.7% year-on-year to 279 million euros in the first quarter, negatively impacted by the downward trend in European Central Bank interest rates.
CEO Mark Bourke said the results confirmed the "strength and resilience" of the bank's business model.
"We are on track to meet our full-year guidance, underpinned by disciplined execution, solid commercial dynamics, and continued focus on efficiency," he said in a statement.
Fees and commissions increased 12.3% to 84.3 million euros in the first quarter.
Total impairments and provisions were 55.8% lower at 12.3 million euros, while the cost of risk, which measures the cost of managing potential losses, decreased to 17 basis points from 35 bps a year ago.
Novo Banco was created in 2014 from the collapsed BES after a state bailout, with U.S. private equity fund Lone Star buying a 75% stake in 2017. The remaining 25% stake is held by the resolution fund, financed by Portugal's banks, and the Portuguese state.
The bank was banned from making dividend payouts from 2017 until December 2025, but in December its shareholders agreed to lift that ban.
In March, the bank distributed 225 million euros in dividends to its three shareholders for the first time and on Monday it announced a capital reduction that will allow it to give them an additional 1.1 billion euros.
It expects to have more than 3.3 billion euros of available capital for distribution over the next three years. It has a fully loaded Common Equity Tier 1 solvency ratio of 16%, six percentage points above the central bank's minimum requirement.

https://www.cmvm.pt/PInstitucional/...02F7433CC13B3B56226EB59F79647FC292D138B164F27
 
Intesa Sanpaolo 1Q net income euro 2,62B (est. euro 2.43B).
* Q1 NET INTEREST INCOME EUR 3.63 BILLION
* Q1 LOAN WRITEDOWNS EUR 224 MILLION
* Q1 FEES EUR 2.44 BILLION
* FULLY LOADED CET1 RATIO AT MAR-END AT 13.3%
* CONFIRMS 2025 NET PROFIT WELL ABOVE EUR 9 BILLION
 
 
Commerzbank AG Q1 25 Earnings:
• Net Interest Income: €2.07B (est. €2.02B)
• Net Income: €834M (est. €722.3M)
• CET1 Ratio: 15.1% (est. 15%)• Operating Profit: €1.23B (est. €1.14B)
• Revenue: €3.07B (est. €2.97B)• Loan-Loss Provision: €123M (est. €161.7M)
 
Trimestrale Unicredit:
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