Banca Popolare dell’Emilia Romagna joins Etica Sgr capital
Today, 30th September 2011, Etica Sgr General Meeting approved the joining by a new shareholder, Banca Popolare dell'Emilia Romagna, which increases Etica Sgr capital from € 4.000.000 to € 4.500.000. BPER, which even distributes Valori Responsabili funds, owns 10% of Etica Sgr capital. Through shareholders agreement, Etica Sgr will still be subject to Banca Popolare Etica direction and coordination.
Currently Etica Sgr shareholders are:
• Banca Popolare Etica - 45,47%
• Banca Popolare di Milano - 24,44%
• Cassa Centrale Banca - BCC Nordest - 10,22%
• Banca Popolare dell'Emilia Romagna - 10,00%
(Through Em.Ro. popolare - Società Finanziaria di Partecpazioni S.p.A.)
• Banca Popolare di Sondrio - 9,87%
Moreover the Board of Directors approved 2011-2013 strategic plan, which focuses on asset under management increasing, institutional clients developing and ethical advisor service launching.
The half-yearly balance sheet is positive: net profit and commissions income amount to € 161.369 (+130% compared to 2010 first semester) and to € 638.985 euro (+37% compared to 2010 first semester): AUM raised in 2011 first semester € 10,3 million; currently Etica Sgr AUM amounts to € 447 million.
For more information:
Roberto Grossi - 02/49799300 - 366/6515030 - rgrossi@eticasgr.it
Francesca Colombo - 02/67071422 - fcolombo@eticasgr.it
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