Glorious day in Piazza Affari for the Ubi Banca share, which by mid-morning gained more than 7 points, clearly leading the Ftse Mib. Like Banco Popolare, the institute has received the go-ahead from Bank of Italy for the use of internal models in the calculation of supervisory ratios.
Based on the results obtained in the first quarter, Ubi estimates that the central bank's decision will lead to an improvement of 85 basis points in Core Tier 1, which reaches 9,86%, higher than both the 9,01% at the end of March and at 9% set by the EBA. For Ubi Banca, the authorization of Via Nazionale is valid only for the corporate segment, while the greatest benefits should derive from the migration of the retail segment scheduled for 2015.
