Popolare Vicenza: 497 mln loss in 2014 – AGI – Agenzia Journalistic Italy

Popolare Vicenza: 497 mln loss in 2014 – AGI – Agenzia Journalistic Italy

Veneto

20:39 February 10, 2015

(AGI) – Venice, February 10 – Banca Popolare di Vicenza closed the 2014? With a consolidated net loss of 497 million, of which, despite the positive development of traditional management, weigh an adjustment of goodwill by approximately 25% to 230 million and provisions for loans has deteriorated that performing for 868 million. The decision ‘was taken by the board that says a note, “to adapt to the new regulatory framework of the ECB has adopted a particularly prudent approach in loan provisions and write-down of goodwill.” The Board of Directors’ unanimously approved ‘, certain that these choices prudential improve the quality’ of the assets of the Bank and will increase, already ‘in 2015, the profitability’ of the Institute. ” ? “The Board of Directors has made courageous choices and prudential interests of the Bank and its shareholders and in compliance with the new guidelines of the European Cent ral Bank. I trust that already ‘in the current year we will achieve positive results from this policy of great caution and that we will know deal more quiet ‘the new rules and the resulting important changes that the new decree on banks requires us? “, said the president Gianni Zonin. In 2014, the statement said, the bank achieved a capital increase by about 1 billion, with the attainment of a CET1 ratio pro forma pa? Re 11.10% (Core Tier 1 of 9.21% at the end of 2013) and recorded u’ulteriore important customer growth, increased by more than 62,000 customers in 2014. (AGI) Ve1 / Pit

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