Banco Bpm closed 2016 with a net loss of 1,6 billion, the result of a loss of 1,7 billion for the former Banco Popolare and a profit of 72,7 million for the former Bpm. In the fourth quarter alone, the loss was 968 million, against the 676 million expected by analysts. The net adjustments to loans in particular weigh on the accounts, amounting to 2,96 billion, of which 1,6 billion linked to the strengthening of the coverage envisaged by the integration plan between the two institutions.
Operating income stood at 4,7 billion (3,1 Banco and 1,7 bpm), with interest margin at 2,1 billion (1,3 and 789 million) and net fee and commission income at 1,9 billion (1,3 .585 and 3,76 million). Operating expenses amounted to 2,5 billion (1,3 and 79,3), for a cost/income ratio of 1%. As for capital solidity, the fully phased Cet11,42 ratio is XNUMX%.
