Tuesday, February 10, 2015

CORRECTED-Pop Vicenza, loss of 497 million in 2014, CET1 10,16 … – Reuters Italy

CORRECTED-Pop Vicenza, loss of 497 million in 2014, CET1 10,16 … – Reuters Italy

(Corrects amount to 497 mln loss in title and not 1.15 bn)

MILAN, February 10 (Reuters) – Banca Popolare di Vicenza has closed 2014 with a net loss of 497.1 million, compared to Red 32, 2 million in the previous year.

The CET 1 ratio, reads in a statement, at the end of December stood at 10.16%, a result that rises 11.10% including the conversion of the bond.

The Net impairment losses totaled 1.151 billion, compared to 454.6 million at the end of 2013, of which 868.5 million of loans to customers . The impairment on goodwill amounted to 230 million.

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