h. 14.34 - UBI Banca: update of the Business Plan 2022
(WorldNews Italy)

PRESS RELEASE UPDATE OF THE BUSINESS PLAN 2022 RESILIENCE AND VALUE The update of the Business Plan 2022 originally presented in February 2020 involves first of all confirmation of all the main guidelines already set out In addition, the strategic decision to acquire 100% of Aviva Vita was taken, which will lead, over the time horizon of the plan, to an expected return on the investment of over 10% The impact of the Covid-19 pandemic on the loan loss rate is estimated at an additional cumulative 85 basis points over the 2020-2022 period Expected net profit is €562 million in 2022 compared with €665 million in the original Plan, a reduction of approx. one percentage point of ROTE This strong...