The Board of Directors of Banca popolare dell'Emilia Romagna met today and verified the value of the BPER Group's assets, in accordance with the requirements of the 9th update of Circular 285 "Supervisory Provisions for Banks".
Making reference to the consolidated supervisory reports at 31 December 2014, assets amounted to Euro 60.66 billion, so higher than the threshold of Euro 8 billion envisaged in art. 29, para. 2-bis of the Consolidated Banking Act.
As required by the Supervisory Provisions, the Board of Directors of the Bank will take the necessary steps to transform the Bank into a joint-stock company (S.p.A.), formalising them in a specific plan to be approved by the regulatory deadline, along with the expected timing of their implementation.
The Board meeting scheduled for 14 July 2015 will identify the amendments to the Articles of Association required by the above mentioned update of the Supervisory Provisions.
