Banco Popolare and Ubi fly on the stock exchange after the go-ahead from Bankitalia for internal models

After obtaining the go-ahead from Bank of Italy for the adoption of internal models for measuring credit risk, Banco Popolare soars on the stock market, gaining over 10% - Bank of America and Esn raise their rating on the institution to "buy" – Ubi is also doing well which, while waiting for a similar permit, earns over 6%.

The share of Banco Popolare literally flies on the Stock Exchange, after the institution obtained the go-ahead from Bank of Italy to the adoption of internal models for measuring credit and market risks, models that will lead the institute to a marked improvement in its capital ratios.

So, mid-morning Banco Popolare gains 10,96% at €0,966 per share, signaling itself as the best stock of the FTSEMib.

Both Bank of America-Merrill Lynch and Esn/Banca Akros have raised their opinion on Banco Popolare, promoting it to “buy” from, respectively, “neutral” and “hold”. Indeed, according to the brokers, the adoption of these new models closes the gap with respect to the capital levels suggested by the EBA. greatly reducing the chances that it will be necessary to resort to the conversion of the bond.

The long wave of this announcement it also positively involved UBI Banca, which awaits a similar go-ahead from Bank of Italy, and whose share gains 6,36% in the mid-morning, reaching a value of 2,274 euros per share.