Balance Sheet
BANCO BPM GROUP
Reclassified consolidated balance sheet
(in euro thousand) 6/30/20 12/31/19 Var. su 31/12/2019 Var. % su 31/12/2019
Cash and cash equivalents 838,403 912,742 -74,339 -8.1%
Financial assets at amortised cost 121,213,278 115,889,891 5,323,387 4.6%
- Due from banks 12,824,727 10,044,427 2,780,300 27.7%
- Customer loans (*) 108,388,551 105,845,464 2,543,087 2.4%
Other financial assets 43,885,488 37,069,089 6,816,399 18.4%
- Financial assets designated at FV through P&L 9,074,876 7,285,091 1,789,785 24.6%
- Financial assets designated at FV through OCI 13,112,219 12,526,772 585,447 4.7%
- Financial assets at amortised cost 21,698,393 17,257,226 4,441,167 25.7%
Equity investments 1,577,065 1,386,079 190,986 13.8%
Property and equipment 3,522,027 3,624,312 -102,285 -2.8%
Intangible assets 1,260,785 1,269,360 -8,575 -0.7%
Tax assets 4,628,214 4,619,636 8,578 0.2%
Non-current assets held for sale and discontinued operations 105,232 131,082 -25,850 -19.7%
- Customer loans 38,092 93,744 -55,652 -59.4%
- Other assets and group of assets 67,140 37,338 29,802 79.8%
Other assets 2,384,870 2,136,010 248,860 11.7%
Totale dell'attivo 179,415,362 167,038,201 12,377,161 7.4%
Direct funding 115,233,654 109,506,299 5,727,355 5.2%
- Due to customers 98,769,456 93,375,026 5,394,430 5.8%
- Debt securities issued and financial liabilities designated at FV 16,464,198 16,131,273 332,925 2.1%
Due to banks 32,929,600 28,515,685 4,413,915 15.5%
Leasing debts 682,003 732,536 -50,533
Other financial liabilities designated at fair value 11,498,817 10,919,429 579,388 5.3%
Liability provisions 1,277,756 1,486,683 -208,927 -14.1%
Tax liabilities 611,548 619,269 -7,721 -1.2%
Liabilities associated with assets held for sale 4,216 5,096 -880 -17.3%
Other liabilities 4,942,360 3,366,122 1,576,238 46.8%
Total Liabilities 167,179,954 155,151,119 12,028,835 7.8%
Minority interests 24,559 26,076 -1,517 -5.8%
Shareholders' equity 12,210,849 11,861,006 349,843 2.9%
Consolidated Shareholders' Equity 12,235,408 11,887,082 348,326 2.9%
Total Liabilities and Shareholders' Equity 179,415,362 167,038,201 12,377,161 7.4%
(*) Include the Senior notes for those the Italian government has issued the State guarantee on the securitization of bad loans, pursuant to the Decree Law 18/2016 ("GACS")
P&L
BANCO BPM GROUP
Reclassified consolidated income statement
(in euro thousand) 6/30/20 30/06/2019 restated Chg. Chg. %
Net interest income 953,621 1,011,305 -57,684 -5.7%
Income (loss) from investments in associates carried at equity 70,302 69,386 916 1.3%
Net interest, dividend and similar income 1,023,923 1,080,691 -56,768 -5.3%
Net fee and commission income 816,934 888,191 -71,257 -8.0%
Other net operating income 31,599 42,110 -10,511 -25.0%
Net financial result 124,080 83,042 41,038 49.4%
Other operating income 972,613 1,013,343 -40,730 -4.0%
Total income 1,996,536 2,094,034 -97,498 -4.7%
Personnel expenses -816,979 -843,857 26,878 -3.2%
Other administrative expenses -308,674 -330,154 21,480 -6.5%
Net value adjustments on property and equipment and intangible assets -123,089 -131,074 7,985 -6.1%
Operating costs -1,248,742 -1,305,085 56,343 -4.3%
Profit (loss) from operations 747,794 788,949 -41,155 -5.2%
Net adjustments on loans to customers -476,242 -349,644 -126,598 36.2%
Profit (loss) on fair value measurement of tangible assets -5,416 -26,782 21,366 -79.8%
Net adjustments on other assets -8,383 25 -8,408
Net provisions for risks and charges -7,614 -5,680 -1,934 34.0%
Profit (loss) on the disposal of equity and other investments 220 336,813 -336,593 -99.9%
Income (loss) before tax from continuing operations 250,359 743,681 -493,322 -66.3%
Tax on income from continuing operations -52,425 -81,145 28,720 -35.4%
Systemic charges after tax -75,684 -56,861 -18,823 33.1%
Income (loss) attributable to minority interests 1,508 4,471 -2,963 -66.3%
NET INCOME (LOSS) before PPA 123,758 610,146 -486,388 -79.7%
Purchase Price Allocation (PPA) net of tax -18,527 -7,162 -11,365 158.7%
NET INCOME (LOSS) FOR THE PERIOD 105,231 602,984 -497,753 -82.5%
2019 figures are restated due to the change in the accounting standard for the valuation of the Group's property and works of art.
Quarterly P&L
BANCO BPM GROUP
Reclassified consolidated income statement - Quarterly evolution
(in euro thousand) Q2 2020 Q1 2020 Q4 2019 Q3 2019 restated Q2 2019 restated Q1 2019 restated
Net interest income 479,507 474,114 473,959 495,805 512,117 499,188
Income (loss) from investments in associates carried at equity 48,036 22,266 33,917 27,952 32,628 36,758
Net interest, dividend and similar income 527,543 496,380 507,876 523,757 544,745 535,946
Net fee and commission income 376,371 440,563 462,167 444,065 453,673 434,518
Other net operating income 14,855 16,744 16,129 17,785 17,928 24,182
Net financial result -82,718 206,798 207,370 41,668 10,697 72,345
Other operating income 308,508 664,105 685,666 503,518 482,298 531,045
Total income 836,051 1,160,485 1,193,542 1,027,275 1,027,043 1,066,991
Personnel expenses -397,954 -419,025 -437,052 -415,622 -417,984 -425,873
Other administrative expenses -154,094 -154,580 -149,780 -158,632 -163,135 -167,019
Net value adjustments on property and equipment and intangible assets -61,710 -61,379 -69,289 -68,586 -67,745 -63,329
Operating costs -613,758 -634,984 -656,121 -642,840 -648,864 -656,221
Profit (loss) from operations 222,293 525,501 537,421 384,435 378,179 410,770
Net adjustments on loans to customers -262,999 -213,243 -220,499 -208,387 -197,692 -151,952
Profit (loss) on fair value measurement of tangible assets -5,094 -322 -131,012 -739 -19,306 -7,476
Net adjustments on other assets -3,728 -4,655 1,596 4,138 3,996 -3,971
Net provisions for risks and charges -9,809 2,195 -62,633 -2,712 -10,102 4,422
Profit (loss) on the disposal of equity and other investments 129 91 -3,638 -24 336,646 167
Income (loss) before tax from continuing operations -59,208 309,567 121,235 176,711 491,721 251,960
Tax on income from continuing operations 41,398 -93,823 -26,565 -44,949 -27,436 -53,709
Systemic charges after tax -18,169 -57,515 -4,495 -31,521 -15,240 -41,621
Income (loss) after tax from discontinued operations - - - - - -
Income (loss) attributable to minority interests 1,537 -29 9,247 1,846 3,225 1,246
NET INCOME (LOSS) before PPA -34,442 158,200 99,422 102,087 452,270 157,876
Purchase Price Allocation (PPA) net of tax -11,962 -6,565 -3,650 -3,842 -4,700 -2,462
NET INCOME (LOSS) FOR THE PERIOD -46,404 151,635 95,772 98,245 447,570 155,414
2019 figures are restated due to the change in the accounting standard for the valuation of the Group's property and works of art.
P&L (PPA_FVownLiab.)
BANCO BPM GROUP
Reclassified consolidated income statement with restatement of the impact of Purchase Price Allocation (PPA) and of the change in own credit risk (FV on own liabilities) into separate line items (post-tax)
(in euro thousand) 6/30/20 30/06/2019 restated Chg. Chg. %
Net interest income 953,621 1,011,305 -57,684 -5.7%
Income (loss) from investments in associates carried at equity 70,302 69,386 916 1.3%
Net interest, dividend and similar income 1,023,923 1,080,691 -56,768 -5.3%
Net fee and commission income 816,934 888,191 -71,257 -8.0%
Other net operating income 31,599 42,110 -10,511 -25.0%
Net financial result 83,472 82,447 1,025 1.2%
Other operating income 932,005 1,012,748 -80,743 -8.0%
Total income 1,955,928 2,093,439 -137,511 -6.6%
Personnel expenses -816,979 -843,857 26,878 -3.2%
Other administrative expenses -308,674 -330,154 21,480 -6.5%
Net value adjustments on property and equipment and intangible assets -123,089 -131,074 7,985 -6.1%
Operating costs -1,248,742 -1,305,085 56,343 -4.3%
Profit (loss) from operations 707,186 788,354 -81,168 -10.3%
Net adjustments on loans to customers -476,242 -349,644 -126,598 36.2%
Profit (loss) on fair value measurement of tangible assets -5,416 -26,782 21,366 -79.8%
Net adjustments on other assets -8,383 25 -8,408
Net provisions for risks and charges -7,614 -5,680 -1,934 34.0%
Profit (loss) on the disposal of equity and other investments 220 336,813 -336,593 -99.9%
Income (loss) before tax from continuing operations 209,751 743,086 -533,335 -71.8%
Tax on income from continuing operations -39,000 -80,948 41,948 -51.8%
Systemic charges after tax -75,684 -56,861 -18,823 33.1%
Income (loss) attributable to minority interests 1,508 4,471 -2,963 -66.3%
NET INCOME (LOSS) BEFORE THE IMPACT OF PPA AND OF THE FV ON OWN LIABILITIES 96,575 609,748 -513,173 -84.2%
Purchase Price Allocation (PPA) net of tax -18,527 -7,162 -11,365 158.7%
FV on own liabilities net of tax 27,183 398 26,785 N.S.
NET INCOME (LOSS) FOR THE PERIOD 105,231 602,984 -497,753 -82.5%
2019 figures are restated due to the change in the accounting standard for the valuation of the Group's property and works of art.
Quarterly P&L (PPA_FVownLiab.)
BANCO BPM GROUP
Reclassified consolidated income statement with restatement of the impact of Purchase Price Allocation (PPA) and of the change in own credit risk (FV on own liabilities) into separate line items (post-tax)
(in euro thousand) Q2 2020 Q1 2020 Q4 2019 Q3 2019 restated Q2 2019 restated Q1 2019 restated
Net interest income 479,507 474,114 473,959 495,805 512,117 499,188
Income (loss) from investments in associates carried at equity 48,036 22,266 33,917 27,952 32,628 36,758
Net interest, dividend and similar income 527,543 496,380 507,876 523,757 544,745 535,946
Net fee and commission income 376,371 440,563 462,167 444,065 453,673 434,518
Other net operating income 14,855 16,744 16,129 17,785 17,928 24,182
Net financial result 82,712 760 223,037 61,363 722 81,725
Other operating income 473,938 458,067 701,333 523,213 472,323 540,425
Total income 1,001,481 954,447 1,209,209 1,046,970 1,017,068 1,076,371
Personnel expenses -397,954 -419,025 -437,052 -415,622 -417,984 -425,873
Other administrative expenses -154,094 -154,580 -149,780 -158,632 -163,135 -167,019
Net value adjustments on property and equipment and intangible assets -61,710 -61,379 -69,289 -68,586 -67,745 -63,329
Operating costs -613,758 -634,984 -656,121 -642,840 -648,864 -656,221
Profit (loss) from operations 387,723 319,463 553,088 404,130 368,204 420,150
Net adjustments on loans to customers -262,999 -213,243 -220,499 -208,387 -197,692 -151,952
Profit (loss) on fair value measurement of tangible assets -5,094 -322 -131,012 -739 -19,306 -7,476
Net adjustments on other assets -3,728 -4,655 1,596 4,138 3,996 -3,971
Net provisions for risks and charges -9,809 2,195 -62,633 -2,712 -10,102 4,422
Profit (loss) on the disposal of equity and other investments 129 91 -3,638 -24 336,646 167
Income (loss) before tax from continuing operations 106,222 103,529 136,902 196,406 481,746 261,340
Tax on income from continuing operations -13,293 -25,707 -31,745 -51,460 -24,138 -56,810
Systemic charges after tax -18,169 -57,515 -4,495 -31,521 -15,240 -41,621
Income (loss) attributable to minority interests 1,537 -29 9,247 1,846 3,225 1,246
NET INCOME (LOSS) BEFORE THE IMPACT OF PPA AND OF THE FV ON OWN LIABILITIES 76,297 20,278 109,909 115,271 445,593 164,155
Purchase Price Allocation (PPA) net of tax -11,962 -6,565 -3,650 -3,842 -4,700 -2,462
FV on own liabilities net of tax -110,739 137,922 -10,487 -13,184 6,677 -6,279
NET INCOME (LOSS) FOR THE PERIOD -46,404 151,635 95,772 98,245 447,570 155,414
2019 figures are restated due to the change in the accounting standard for the valuation of the Group's property and works of art.
P&L Adjusted
BANCO BPM GROUP
Reclassified consolidated income statement net of non-recurring items with restatement of the impact of Purchase Price Allocation (PPA) and of the change in own credit risk (FV on own liabilities) into separate line items (post-tax)
(in euro thousand) 6/30/20 30/06/2019 restated Variaz. Var. %
Net interest income 953,621 1,011,305 -57,684 -5.7%
Income (loss) from investments in associates carried at equity 70,302 69,386 916 1.3%
Net interest, dividend and similar income 1,023,923 1,080,691 -56,768 -5.3%
Net fee and commission income 816,934 888,191 -71,257 -8.0%
Other net operating income 31,599 42,110 -10,511 -25.0%
Net financial result 83,472 82,447 1,025 1.2%
Other operating income 932,005 1,012,748 -80,743 -8.0%
Total income 1,955,928 2,093,439 -137,511 -6.6%
Personnel expenses -816,979 -843,857 26,878 -3.2%
Other administrative expenses -308,674 -330,154 21,480 -6.5%
Net value adjustments on property and equipment and intangible assets -120,974 -130,399 9,425 -7.2%
Operating costs -1,246,627 -1,304,410 57,783 -4.4%
Profit (loss) from operations 709,301 789,029 -79,728 -10.1%
Net adjustments on loans to customers -476,242 -349,644 -126,598 36.2%
Net adjustments on other assets -8,383 25 -8,408
Net provisions for risks and charges -7,614 9,632 -17,246
Income (loss) before tax from continuing operations 217,062 449,042 -231,980 -51.7%
Tax on income from continuing operations -41,067 -103,752 62,685 -60.4%
Systemic charges after tax -57,515 -41,621 -15,894 38.2%
Income (loss) attributable to minority interests 1,256 3,917 -2,661 -67.9%
NET INCOME (LOSS) BEFORE THE IMPACT OF PPA AND OF THE FV ON OWN LIABILITIES 119,736 307,586 -187,850 -61.1%
Purchase Price Allocation (PPA) net of tax -18,527 -7,162 -11,365 158.7%
FV on own liabilities net of tax 27,183 398 26,785 N.S.
NET INCOME (LOSS) FOR THE PERIOD NET OF NON RECURRING ITEMS 128,392 300,822 -172,430 -57.3%
IMPATTI ESCLUSI DAL RISULTATO "ADJUSTED" -23,161 302,162 -325,323
RISULTATO NETTO DEL PERIODO 105,231 602,984 -497,753 -82.5%
2019 figures are restated due to the change in the accounting standard for the valuation of the Group's property and works of art.

Attachments

  • Original document
  • Permalink

Disclaimer

Banco BPM S.p.A. published this content on 14 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2020 16:42:03 UTC