Banco di Desio e della Brianza S.p.A.: outcome of rating activity performed by fitch rating on 10 july 2014

 Desio, 10 July 2014 – Banco di Desio e della Brianza S.p.A announces that the international rating agency Fitch Ratings, during a rating activity involving seven Italian mid-sized banks, maintained the following rating levels: 

• Long term IDR “BBB+” (with RWN) 
• Short term IDR “F2” (with RWN) 
• Viability Rating “bbb+” (con RWN) 

It also confirmed these other following ratings: 

• Support Rating “4” 
• Support Rating Floor “B+” 

The ratings reflect more resilient gains in profitability than competitors, a prudent lending policy, and a good level of loan portfolio diversification both by type of clientele and by sector; this translates into asset quality ratios better than the System average. Banco Desio confirms a superb capitalisation. 

The Agency expects to resolve the RWN after completion of the acquisition of Banca Popolare di Spoleto, expected within the second half of 2014.