![]() ![]() The strategy is clear and consistent with BBPM's business model, although it may be prone to shifts if value-accretive opportunities of inorganic growth materialise.ĭisciplined Risk Approach: BBPM's risk appetite is commensurate with its business model, reflecting medium-term performance expectations. Third-Largest Domestic Bank: BBPM's ratings reflect its second-tier domestic franchise, with a stronger presence in wealthy northern Italy, good business diversification by product and gradual improvement in core profitability and asset quality.Īdequate Business Diversification, Clear Strategy: BBPM's ratings reflect its stable business model, which is skewed towards commercial banking but fairly diversified into wealth management and insurance businesses.
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