Corporate

Consistently with the strategy of focusing its activities on the domestic core business, the Board of Directors of Banco di Desio e della Brianza SpA has decided to reduce its presence in Luxembourg, initiating negotiations with potential buyers for the sale of 100% of the financial company Brianfid-Lux.

On the other hand, Sicav management by the Luxembourg-based Rovere Société de Gestion continues, and the company’s controlling interest (70%) will be directly transferred from Brianfid-Lux to the group parent.

Desio, 27 September 2012

Banco Desio: the Public Prosecutor's Office has dismissed the case against the Chairman and former managers of the institution

The Board of Directors, in compliance with the Swiss supervisory regulations, resolved to meet the winding-up costs through the recapitalisation of the company gone into liquidation whose control will directly pass to Banco Desio e della Brianza SpA

The resolution will impact on the interim report and will have a modest effect on the Group capital solidity

Il Consiglio di Amministrazione, riunitosi in data odierna sotto la Presidenza dell’ing. Agostino Gavazzi, ha preso atto e quindi accolto le dimissioni del sig. Nereo Dacci quale Consigliere con carica di Amministratore Delegato del Banco di Desio e della Brianza S.p.A. e dalle ulteriori cariche rivestite nel Gruppo.
Il Consiglio di Amministrazione ha ringraziato il sig. Dacci per l’attività svolta per lungo tempo e con profitto nell’interesse del Banco.

START OF THE PROCEDURES FOR THE WINDING UP OF THE C.P.C. SA SUBSIDIARY

At today's meeting, the Board of Directors of Banco di Desio e della Brianza SpA, chaired by Agostino Gavazzi, announced that, consistent with and performing what was resolved and hence announced on 16 May 2012, the procedures for the winding up of the Credito Privato Commerciale S.A. subsidiary of Lugano were started.

Desio, 31 May 2012

BANCO DI DESIO E DELLA BRIANZA S.p.A.
The Chairman

DEVELOPMENT OF THE SUBSIDIARY C.P.C. SA AND PERTAINING DECISIONS

THE ORDINARY SHAREHOLDERS’ MEETING OF BANCO DI DESIO E DELLA BRIANZA S.P.A.
APPROVED THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2011

THE MEETING ALSO APPOINTED THE AUDITING FIRM, DELOITTE & TOUCHE S.P.A. TO AUDIT THE ACCOUNTS FOR THE FINANCIAL PERIODS 2012-2020 AND APPOINTED A NEW DIRECTOR, MS. MARINA BROGI TO REPLACE THE OUTGOING MR. LUIGI GUATRI
FITCH HAS NOT CHANGED THE CURRENT RATING OF BANCO DI DESIO E DELLA BRIANZA S.p.A.

Banco di Desio e della Brianza SpA announces that the subsidiary Brianfid-Lux S.A. signed today the agreement for the transfer of the entire share capital of Credito Privato Commerciale SA of Lugano to the Heliting Financial Group, based in Agno (Switzerland), subject to the issuing of the authorisations of the competent Swiss supervisory authorities.
The transfer will give rise to a revenue that mainly corresponds to the value of the equityof the subsidiary and will not determine significant economic impacts at the consolidated level.

Desio, 4 aprile 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.

Banco Desio Lazio SpA and Credito Privato Commerciale SA
Preliminary hearing for criminal proceedings no. 22698/08
before the Public Prosecutor's Office of Rome
Postponement to 5 October 2012