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Banco di Desio e Della Brianza SPA ( (IT:BDB) ) has provided an announcement.
Banco di Desio e della Brianza’s Extraordinary Shareholders’ Meeting has approved the cancellation of 2,888,242 treasury shares acquired under the 2024 buyback programme, without reducing the bank’s share capital, and has consequently amended Article 4 of its Articles of Association, following prior authorization from the Bank of Italy. The move streamlines the bank’s capital structure and may enhance capital efficiency and shareholder value, while signalling a proactive approach to balance-sheet management within Italy’s mid-sized banking sector.
The most recent analyst rating on (IT:BDB) stock is a Hold with a EUR9.50 price target. To see the full list of analyst forecasts on Banco di Desio e Della Brianza SPA stock, see the IT:BDB Stock Forecast page.
More about Banco di Desio e Della Brianza SPA
Founded in 1909 and listed on the Milan Stock Exchange since 1995, Banco di Desio e della Brianza S.p.A. is a multi-product Italian banking group with a strong local footprint in Northern and Central Italy and Sardinia. Operating through 281 branches and about 2,400 employees, it offers retail and commercial banking services, consumer credit via Fides S.p.A., and asset management and bancassurance products through distribution agreements with major domestic and international partners, with total assets exceeding €18 billion.
Average Trading Volume: 132,679
Technical Sentiment Signal: Buy
Current Market Cap: €1.24B
See more data about BDB stock on TipRanks’ Stock Analysis page.