(Finance) – At the meeting of BPM desk underway in Verona there are over 1700 members participating through the Designated Representative, representing 56% of the share capital.
The following shareholders appear to own shares exceeding 3% of the capital: Credit Agricole, through Delfinances, with a share of 9.904%; BlackRock (for non-discretionary asset management), with 4.747%; Enasarco Foundation with 3.010%, to which is added the consultation agreement on 6.5% of the capital in which some foundations and social security institutions participate.
“Our nature of public company – autonomous and efficient, national and local at the same time thanks to the proximity of our territorial structures to communities, businesses, institutions and the Third Sector – is the our strength and this is what allows us to increase our leadership, be distinctive for customers and appreciated by the market”. This was underlined byCEO of Banco BPM, Giuseppe Castagna, at the end of his speech at the budget meeting. Castagna stated that the new 2023-2026 plan, “built in a stand-alone logic, which will give an even greater boost to profitability growth”.
“The targets set – explains the banker – will allow the group a significant creation of value, supported by a cumulative net profit 2023-2026 equal to approximately 6 billion from which to extract a remuneration for shareholders of 4 billion, equal to over 5 times the distribution of the last 4 years. All this while maintaining a CET 1 ratio of approximately 14% in 2026 and never lower than 13%”.