Tuesday, 3 April 2012 - 2:30pm

Board of Directors of Banco di Desio e della Brianza SpA - communications

Tuesday 3 April 2012

The Board of Directors of Banco di Desio e della Brianza SpA, convened today and chaired by Agostino Gavazzi, gave the go-ahead to the formalisation of the transfer by the subsidiary Brianfid Lux SA of 100% of the Swiss subsidiary bank Credito Privato Commerciale SA, based in Lugano, to a Swiss financial operator.
Following the said authorisation, the agreements are expected to be signed within the next few days. The transaction will be however subject to the authorisation formalities of the Swiss Supervisory Authority in accordance with applicable law provisions.

During the same meeting, the Board of Directors acknowledged that on last 29 March 2012, the Public Prosecutor’s Office of the Court of Monza notified to the Managing Director the extension of the preliminary investigations, with reference to Articles 416 and 648 Italian Penal Code, concerning also the Chairman and the former General Manager of the Parent Company, investigations subsequent to a complaint likely deposited by a former employee. Banco had become acquainted with this complaint only with reference to the reports in the press on 30 September 2011. In relation to such news, the Banco appointed a defender and deposited before the competent Authority a well-structured brief that emphasised the correctness of the the Bank and of its representatives and managers with respect to specific events related to the former employee.

No previous notice or measure concerning the foregoing was notified to representatives or managers of Banco di Desio e della Brianza SpA, and to date no action has been reported to the Parent Company.
The Board of Directors acknowledged the extension of the investigations in progress and after a careful evaluation confirmed the complete trust in its representatives inviting them to provide maximum cooperation to the Court.

Desio, April 3, 2012
The Chairman

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Last updated 07/02/2014