Last €5.88 EUR
Change Today -0.155 / -2.57%
Volume 10.9M
UBI On Other Exchanges
Symbol
Exchange
OTC US
BrsaItaliana
OTC US
Frankfurt
As of 11:30 AM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

ubi banca scpa (UBI) Snapshot

Open
€5.97
Previous Close
€6.03
Day High
€6.03
Day Low
€5.76
52 Week High
04/4/14 - €7.55
52 Week Low
12/17/13 - €4.76
Market Cap
5.3B
Average Volume 10 Days
10.4M
EPS TTM
€0.35
Shares Outstanding
901.7M
EX-Date
05/19/14
P/E TM
16.8x
Dividend
€0.06
Dividend Yield
1.02%
Current Stock Chart for UBI BANCA SCPA (UBI)

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ubi banca scpa (UBI) Details

Unione di Banche Italiane S.c.p.A. provides various banking and financial products and services retail and small-to-medium sized corporate customers. It accepts various deposits; and originates loan products. The company also offers corporate banking, asset management, funding, factoring, leasing, and bancassurance services, as well as online banking services. As of December 31, 2013, it operated 1,725 branches in Italy and 6 branches internationally. The company was formerly known as Banche Popolari Unite Banca and changed its name to Unione di Banche Italiane S.c.p.A. in April 2007. The company was founded in 1869 and is headquartered in Bergamo, Italy.

18,168 Employees
Last Reported Date: 03/24/14
Founded in 1869

ubi banca scpa (UBI) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: €1.3M
General Manager and Member of Management Boar...
Total Annual Compensation: €684.1K
Senior Deputy General Manager and Member of M...
Total Annual Compensation: €520.3K
Member of Management Board
Total Annual Compensation: €159.0K
Member of Management Board
Total Annual Compensation: €82.7K
Compensation as of Fiscal Year 2013.

ubi banca scpa (UBI) Key Developments

Unione di Banche Italiane SCpA to Take EUR 110 Million Fourth Quarter Charge on Agreement with Trade Unions

Unione di Banche Italiane SCpA announced November 26, 2014 that it will take a one-off fourth-quarter charge of about EUR 110 million gross after reaching an agreement with trade unions on a series of provisions including an early retirement scheme for at least 500 staff. The bank opened a consultation with unions in October over plans to reorganize its distribution network through measures including the closure of 114 operating outlets. The early retirement scheme will be carried out in the first months of 2015 through access on a voluntary basis to retirement pensions or to the National Income Support Fund. In 2015 and 2016, the group will appoint 150 new staff in relation to the take-up of the early retirement scheme, as well as converting 130 temporary employment contracts to a permanent status. The plan also includes flexible working provisions and the suspension of working hours. The plan will result in annual savings of about EUR 50 million gross, mostly to be achieved starting 2015. The fourth-quarter provision reflects the one-off costs of the redundancies.

Unione di Banche Italiane Scpab Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Unione di Banche Italiane Scpa announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the nine months, the company reported net interest income of €1,376,313,000 against €1,291,448,000 a year ago. Operating income was €2,557,592,000 against €2,486,271,000 a year ago. Net operating income was €994,970,000 against €882,895,000 a year ago. Pre-tax profit from continuing operations was €362,251,000 against €269,826,000 a year ago. Profit for the period attributable to the shareholders of the parent was €149,832,000 against €101,944,000 a year ago. For the quarter, the company reported net interest income of €467,785,000 against €446,006,000 a year ago. Operating income was €821,703,000 against €834,053,000 a year ago. Net operating income was €303,434,000 against €302,550,000 a year ago. Pre-tax profit from continuing operations was €104,949,000 against €101,165,000 a year ago. Profit for the period attributable to the shareholders of the parent was €43,640,000 against €49,011,000 a year ago.

UBI Banca Issues EUR 1 Billion Ten-Year Covered Bond

UBI Banca launched a ten-year fixed rate covered bond of EUR 1 billion under its EUR 5 billion covered bond programme. Orders reached EUR 3 billion, which allowed it to reduce the spread to 30 basis points over the 10 year mid-swaps, from an initial guidance of 38-39 basis points, for a coupon of 1.25%, payable on February 7 every year. The reoffer price of the issue, due on February 7, 2025, was set at 99.022%.

 

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