The Bancapetra Shareholders' Meeting approves the 2005 financial statements. Ordinary profits at € 9.7 million. The new Board of Directors is appointed.

Sondrio, 7 April 2006 - The Shareholders' Meeting of Bancaperta - financial branch of the Credito Valtellinese Group - held on March 28 approved the 2005 financial statements, which show a generalised growth in economic-financial figures.

At the end of the year, in fact, the brokerage margin stood at € 34 million, having also benefited from a significant growth in profits from financial operations. Net profits totalled € 9.7 million. Currently, more than 227,000 customers of the Credito Valtellinese Group use Bancaperta (banc@perta product line) online services.

The Shareholders' meeting also nominated the Board of Directors for the 2006-2008 three year period and appointed new members to the Board of Statutory Auditors. The fixed term Directors appointed were Mr. Miro Fiordi, who was nominated Chairman of the Board of Directors, Mr. Peter Spinnler who was nominated Vice Chairman, and Mr. Luciano Camagni, Mr. Matteo Diasio, Mr. Francesco Giacobbi and Mr. Matteo Rinaldi.

Ms. Anna Cracco and Mr. Marco Enrcole Oriani were appointed as two new members of the Board of Directors, as well as Mr. Norberto Gualteroni, Gerneal Director of the company, who was also nominated Acting Vice Chairman.

Mr. Edoardo Della Cagnoletta was nominated as Regular Auditor, while Mr. Vittorio Schena was designated Alternate Auditor.