(Alliance News) - Banca Popolare di Sondrio Scpa on Thursday announced that the independent agency Standard Ethics, upon completion of its annual rating review process, has improved the corporate rating assigned to the bank from "EE" to "EE+."

"The improved sustainability rating recognized by the Standard Ethics agency is a source of great satisfaction for us because it recognizes the seriousness and determination with which we are incorporating into our business processes the ESG guidelines suggested by leading international organizations," commented Mario Alberto Pedranzini, managing director and general manager of Banca Popolare di Sondrio.

"The pursuit of environmental and social sustainability objectives for the realization of a more inclusive and resilient economic model will continue to inspire the Bank's work in the future, supporting the development of both the territories in which we have traditionally been present and those in which we are entering."

Banca Popolare di Sondrio gives up 2.0 percent to EUR7.01 per share.

By Claudia Cavaliere, Alliance News reporter

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