Approval of consolidated results as at 30 June 2020 and notice of publication of the Financial statements for the period under Temporary Administration
(WorldNews Italy)

PRESS RELEASE BANCA CARIGE PUBLISHES FINANCIAL STATEMENTS FOR PERIOD UNDER TEMPORARY ADMINISTRATION AND APPROVES CONSOLIDATED RESULTS AS AT 30 JUNE 2020 Low risk profile, renewed commercial strategy and cost discipline counteract pandemic impact FINANCIAL YEAR 2020, ALREADY PROJECTED TO CLOSE WITH A LOSS IN THE STRATEGIC PLAN, WAS WEIGHED DOWN BY THE EFFECTS OF THE PANDEMIC (INCLUDING EUR 25.0 MLN IN LOAN LOSS PROVISIONS TAKEN FOR POTENTIAL FUTURE COVID-19 IMPACTS) AND RECOGNITION OF NON- RECURRING ITEMS. THE CARIGE GROUP CLOSES ITS FIRST FIVE MONTHS AFTER THE END OF TEMPORARY ADMINISTRATION WITH A LOSS OF EUR 97.8 MLN FIVE-MONTHREVENUES (PRIMARILY FROM NET INTEREST INCOME) ARE THE RESULT OF...