Ubi Banca 2007-2010: pià ¹ prudent business plan

¨ was presented this afternoon in the IP from Ubi CEO Giampiero Auletta, which provides for a postponement of one year of 'objective of a net profit over the $ 1.4 billion. According to one projection released by the bank a few months ago, in fact, already in 2009, this result should have been reached, while according to data provided today, this is only possible goal for the coming year. This fall, told Auletta, Ã ¨ due to "exogenous factors" and "factors extraordinary" not previously prevedili. Appear among the first impact of the maximun overdraft fee regulation (which accounts for 35 million), the requirements of antitrust (13 million), the impact of "new staff serverance fund legistlation" (10 million), while among the latter are included reducing the profits related to extraordinary transactions (27 million), the increase (of 5 million) of integration costs and the reduction of expected synergies for 2009 and postponed to 2010 for 17 million.
The reaction of Piazza Affari à ¨ come inexorable fact the title leaves little pià ¹ on the ground of half an hour after the close of session, just under 2.3%. Auletta has specified that the new business plan using the criteria pià ¹ conservative than those used for previous estimates, sottilineando the new data do not include the impact of possible partnerships in consumer lending, in non-life bancssurance and corporate and investment banking . As for the computer system, Auletta explained ² pear that the synergies are greater than assumed. While in the first floor have been notified of 50 million, whereas now "we plan to exceed 70 million" euros.

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