milan (reuters) – intesa sanpaolo is ready to put the money on the table in order to contribute to the replenishment of banca popolare di vicenza, veneto banka, but on the condition that other big names of the italian banking sector are involved in this issue, reported thursday the.
the paper argues that the pier carlo padoan, minister of economic affairs asked the two largest banks, intesa sanpaolo and unicredit, a bank for each of the two vénètes, along the lines of what happened in spain, santander bought banco popular.
banca popolare di vicenza, veneto banka, which are expected to merge in the course of the year, the government requested assistance amounting to eur 6.4 billion of funds to fill a gap.
however, sources have said that the european commission requires an injection of eur 1.2 billion of private capital, first of all, the use of public money. however, rome will have the greatest difficulty in the world to find an investor willing to put the money on the table.
according to the principle of the stand is that other italian banks are involved in the injection of 1.2 billion euros.
the italian treasury declined to comment. no one was immediately available at unicredit in projects and to respond.
intesa sanpaolo has said in the past that it had played its part in this case, injecting is atlantean, the italian banking sector rescue fund, which is the main shareholder of banca popolare di vicenza, veneto banka.
(agnieszka flak and paolo arosio, with the help of giuseppe melting in rome, benoit van overstraeten for service in french)
copyright & copy;, thomson reuters
Translated by forexguides.info Team