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Italy's Pop Sondrio pleases market with new payout plan

By Andrea Mandala and Valentina Za MILAN, June 29 (Reuters) - Italy's Banca Popolare di Sondrio BPSI.MI on Wednesday surprised investors by pledging to grow its net profit by a fifth by 2025 and pay out 55O million euros ($576 million) in dividends. Shares in the Italian regional bank rose as much as 4% after it presented a new four-year plan, setting a net profit target of 323 million euros in 2025 up from 269 million euros last year.
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Italy's BPER to pay out $1 bln to investors under new plan

(Corrects date) By Andrea Mandala and Valentina Za MILAN, June 10 (Reuters) - Italy's fourth-largest bank BPER Banca EMII.MI said it will close 30% of its branches and more than double profits to return at least 1 billion euros ($1 billion) to investors by 2025. BPER, whose main shareholder is Italy's No.2 insurer UnipolSAI US.MI , set out its business plan on Friday to focus on fee-earning activities like insurance and wealth management to drive profits to around 800 million euros, up from 384
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Profit at Italy's BPER falls less than expected as loan writedowns shrink

MILAN, May 9 (Reuters) - Italy's fifth-largest lender BPER Banca EMII.MI on Monday reported a smaller-than-expected drop in first quarter profit helped by higher revenues and lower loan writedowns. BPER has minimal exposure to Russia, unlike larger peers UniCredit CRDI.MI and Intesa Sanpaolo ISP.MI which had to book large provisions against loan losses in the first quarter to cover for risks stemming from the Ukraine crisis.
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Shares in Italian bank Carige fall after BPER picked for rescue deal

(Refiles to add name of Italian banking fund in para 2) * Deal would address longstanding banking headache * BPER on expansion path, to become No.4 bank by assets * Deal to cost healthy lenders 530 mln euros * Carige shares plunge 10.5%, BPER shares up By Andrea Mandala and Valentina Za MILAN, Jan 11 (Reuters) - Shares in Italian bank Carige CRGI.MI fell more than 10% on Tuesday after domestic rival BPER Banca EMII.MI secured exclusive rights to discuss an acquisition of the ailing lender.
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Italian banking fund meets to pick Carige's buyer

By Andrea Mandala and Valentina Za MILAN, Jan 10 (Reuters) - The Italian fund that owns Carige CRGI.MI will meet on Monday to pick a buyer for the bank from among three suitors, with which to negotiate a sale it hopes will end a seven-year crisis at the ailing lender. Carige and bigger rival Monte dei Paschi di Siena BMPS.MI are the two main banking headaches Italy must address to complete a restructuring that has cost healthy lenders more than 10 billion euros ($11 billion) in recent years.
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