Net of the mentioned non-recurring item, relating to the disposal of the stake in ICBPI, the
ICBPI, then used to finance the voluntary redundancy plan signed in 2015;
EU82.2 million deriving from the partial disposal of an interest in ICBPI should be added,
The ICBPI is a confederation of 68 regional banks in Italy, and its main purpose is to provide support services to banks.
The Instituto Centrale Banche Popolare Italiane (ICBPI) has decided to move on from its old system to the new Etrali Trading Solutions' system, which is intended to help banks in Italy to meet industry regulations.