The Banco Comercial Português announced on Tuesday 2 November, “that after obtaining the consent of the competent local supervisory authorities and reviewing other established conditions, the sale of the entire share capital of Banque Privée BCP (Suisse) SA to Union Bancaire Privée (UBP)”.
The amount received from the sale of the share capital of Banque Privée is 113,210,965.00 Swiss francs (107.07 million euros), “reflecting the distribution of dividends and the reduction in capital that occurred during this time,” the bank said. in CMVM notification…
Taking this cost into account, “the transaction has a (positive) impact on the consolidated results for the current year, on a pro forma basis as at 30.09.2021, of approximately EUR 46 million and a positive impact on the consolidated CET1 ratio of 15 basis points and the total capital is 17 basis points, which confirms the previously disclosed figures, ”he adds.
“The final price can still be adjusted due to the development of assets under the management and operations of Banque Privée,” he says.
In early July, BCP indicated in another statement that the sale of the bank in Switzerland should generate € 119 million to € 128 million.
The completion of this sale of Banque Privée “aims to enable the BCP Group to implement a strategy of focusing resource allocation and management in key geographic regions, accelerating their development and thus creating value for stakeholders,” echoes the institution led by Miguel Maia … …
