BPER Banca signs a contract to buy the entire share capital of Nuova C.R. Ferrara s.p.a.

BPER Banca signs a contract to buy 100% of the share capital of Nuova Cassa di Risparmio di Ferrara S.p.A. (“Nuova Carife”) from the Single Resolution Fund
Deal with a strong industrial and financial rationale, with an extremely low execution risk due to the geographical proximity of the provinces of Modena (where BPER Banca has its headquarter), and Ferrara, as well as the fact that Nuova Carife is relatively small
Increase in loans, deposits and branches market share both in the province of Ferrara and in certain Veneto areas
More than 100 thousand new customers to extend banking services and products of the BPER Banca Group with cross-selling optimisation opportunities
BPER Banca Group NPL ratio reduction thanks to the quality of Nuova Carife loan portfolio, which consists almost exclusively of performing exposures
Marginal impact on the BPER Banca Group fully loaded CET1 ratio