New write-down of Bnl goodwill by the parent company Bnp Paribas. On the eve of Christmas, the French bank released the result of the ECB's Srep examination for 2016. Following the supervisory review and evaluation process, the French bank communicated, and a devaluation was triggered in line with the accounting rules of Bnl's goodwill given the higher capital allocation required for the via Veneto bank. BNP explains that the write-down of BNL's goodwill will weigh 900 million on the French parent company's fourth-quarter accounts. The Roman bank, led by Andrea Munari for a few weeks, had already written down the goodwill by 297 million last year and another 186 million in 2013.
In early December, the via Veneto bank signed a reorganization with the unions that involved the group's consortium in Italy, Bpi (Business Partner Italy), with the exit of 280 employees with voluntary and incentivized retirements by 2018 and the stabilization of a hundred precarious workers, as well as another 70 permanent jobs. The reorganization plan focuses the bank on retail and also provides for the closure of about forty branches.
