Crédit Agricole gets ECB clearance to raise Banco BPM stake above 20%

Crédit Agricole has received authorisation from the European Central Bank to assistance its shareholding successful Banco BPM beyond 20%.

In the 3rd 4th of 2025, Crédit Agricole engaged successful derivative transactions tied to Banco BPM shares, enabling the radical to rise its involvement by an further 0.3%.

Plans are underway for these derivatives to beryllium settled physically, which volition bring Crédit Agricole’s full holding successful Banco BPM to 20.1%.

The instauration has reiterated its stance that it "does not mean to get oregon workout power connected Banco BPM and volition support its involvement beneath the mandatory tender connection threshold."

As a result, from the 4th fourth of 2025 onwards, Crédit Agricole volition commencement recognising its concern successful Banco BPM nether the power accounting method, reflecting its relation arsenic a semipermanent capitalist and collaborator with the Italian bank.

This alteration successful accounting attraction means that Crédit Agricole’s results volition nary longer beryllium straight affected by fluctuations successful Banco BPM’s stock price.

The archetypal accounting for this consolidation is expected to effect successful a antagonistic interaction of astir €600m ($700.08m), which volition beryllium reported successful the "share of nett income of equity-accounted entities" enactment for the 4th fourth of 2025.

Despite this, the nett income effect connected yearly net from holding Banco BPM shares including just worth adjustments and dividends is anticipated to beryllium affirmative by astir €200m successful 2025.

The consolidation is projected to boost Crédit Agricole's CET1 ratio by astir 5 ground points.

In April 2025, the European Central Bank (ECB) authorised Crédit Agricole to summation its involvement successful Italian slope Banco BPM to up to 19.9% nether the qualifying holding regime.

Separately, successful November 2025, UniCredit filed an entreaty with Italy’s highest administrative court, the Consiglio di Stato, contesting presumption acceptable by authorities concerning its unsuccessful effort to instrumentality implicit Banco BPM.

This determination follows an earlier ineligible situation successful a little tribunal that yielded lone partial occurrence for UniCredit.

Central to the quality is simply a authorities request that UniCredit cease its Russian operations, a information upheld by the little tribunal and present being challenged astatine a higher judicial level.

"Crédit Agricole gets ECB clearance to rise Banco BPM involvement supra 20% " was primitively created and published by Retail Banker International, a GlobalData owned brand.

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