BPU and Banca Lombardo merger approved by boards
Italian banking groups Banche Popolari Unite and Banca Lombardo have had their proposed merger approved by both banks' boards, to take effect in April 2007.
Banche Popolari Unite (BPU) will offer a swap rate of 0.83 of new ordinary shares for each Banca Lombardo ordinary share. A proposed dividend of E0.80 per share will be received by shareholders. Forecasts have indicated that the the transaction will be accretive for Banca Lombardo shareholders from 2007 and for BPU shareholders from 2009. The new banking group will have a new market capital of E13.5 billion and will become one of the largest banking corporations in Italy, with a network of 1,970 branches and over four million customers. Targets for the new financial institution include a net profit of more than E1.4 billion by 2009 and for the dividend policy to be no lower than the current policy of BPU.
Related Insight
Suppliers Directory
GMC Software Technology - Customer Communcations
GMC provides a communications platform for finance and banking enterprises with solutions delivering personalised, compliant communications that seamlessly integrate with enterprise processes and systems for improved customer satisfaction, acquisition and retention.
Suppliers
DataFlux - Data Management Solutions
DataFlux enables business agility and IT efficiency by providing innovative data management technology and services that transform data into a strategic asset, helping you reduce costs, optimise revenue and mitigate risks.
Suppliers
Bonaire Software Solutions - Revenue Management
Bonaire Software is the market leader in Revenue Management and Fee Billing Software.
Suppliers
Security and Compliance Services
For over twenty years, ActivIdentity and HID Global have been helping customers meet their security and compliance requirements. We offer the industry’s broadest range of authentication and credential management solutions and the commitment to offer the best balance between security, cost and convenience. That is why thousands of the most security conscious organizations around the globe trust ActivIdentity and HID Global for their secure identity solutions. From standards-based token authentication for your mobile workforce, through smart card authentication to the desktop and multi-channel authentication for online banking, ActivIdentity and HID Global have the right solution to match your unique business demands.
Suppliers
Banking Services
Retail Banking
Commercial Banking
Online Banking
Cards
Payments
Wealth & Assets Management Asset Management Hedge Funds Private Equity Mutual Funds
Intermediaries Prime Brokerages Custody & Clearing ECN & Exchanges
Technology Banking Technology Security Tech Outsourcing & BPO
Policies & Regulatory Compliance Risk Management
Wealth & Assets Management Asset Management Hedge Funds Private Equity Mutual Funds
Intermediaries Prime Brokerages Custody & Clearing ECN & Exchanges
Technology Banking Technology Security Tech Outsourcing & BPO
Policies & Regulatory Compliance Risk Management
Intelligence
Low Latency - Are you Performing?
Published by InfoReach
White Papers
Internal Control System (ICS)
Published by BWise
White Papers
Server Virtualisation
Published by CyberTech
White Papers
DiaSorin Unifies Risk and Quality Assessments with FMEA-Med
Published by Dyadem
White Papers
Buy the latest industry research online today!
Allianz SE - Financial and Strategic Analysis Review
Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125
Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125
Comments may be moderated for spam, obscenities or defamation.