Consolidated Interim report as at 31 March 2017 approved

Net profit for the period of € 25.9 million excluding the extraordinary adjustment for the interest held by the BPER Group in the Atlante Fund (€ 17.0 million ) and after charging the 2017 contribution to the Single Resolution Fund of € 18.1 million (€ 15 million in the first quarter of 2016); book net profit of € 14.6 million (€ 31.0 million in the same period last year)

Net result from operations up (+0.5% compared with the same period last year), due to the considerable efforts made to reduce operating costs as provided for in the Business Plan (-1.7% compared with the same period last year), which offsets the marginal decline in operating profit (-0.9% compared with the first quarter of 2016)

Asset quality continues to improve thanks to the significant reduction in inflows to non-performing loans and an increase in coverage due to particularly conservative provisioning policies

Net lending to customers up by 0.4% (gross +0.5%) compared with the end of 2016, with a strong increase in mortgage loans in the first quarter of the year compared with the same period last year (+8.4%), particularly in residential mortgages (+47.7%)

Financial solidity at the top of the Italian banking system with a Fully Phased CET1 ratio of 13.11% (13.33% Phased In). Capital buffer over the ECB's minimum requirement for 2017 (SREP at 7.25%) by more than 608 bps, corresponding to approximately € 2 billion.