Banca Popolare di Milano : Press Release on Consob’s request pursuant to Article 114, comma 5, Legislative Decree 58/1998

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Press Release on Consob's request pursuant to Article 114, comma 5, Legislative Decree 58/1998

Milan, 18 January 2016 - On Consob's request, the Bank communicates that with reference to the recent press articles in relation to the European Central Bank ("ECB") interest on non-performing loans levels ("NPL") held by European and Italian financial institutions:

• ECB has informed the Bank that it has started an assessment on NPL's strategies, governance, processes and methodology as part of the ongoing supervision process which will involve, among other Italian and European Banks, also BPM;

  
  

• BPM Group's last available public data, as at 30 September 2015, highlights some of the best figures in the Italian banking system, both in terms of credit quality and capital level;

  
  

• the Bank highlights that the minimum Common Equity Tier 1 required as the result of the Supervisory Review and Evaluation Process ("SREP") carried out in 2015 is 9%, among the lowest of those published by Italian Banks under the Single European Supervision.

For information:

Banca Popolare di Milano

Communication Press Office

Matteo Cidda Monica Provini

+39 02.77.00.7438 +39 02.77.00.3515

matteo.cidda@bpm.it monica.provini@bpm.it

Investor Relations & Research

Roberto Peronaglio

+39 02.77.00.2057

investor.relations@bpm.it

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