ROME May 30 Italian private investors have
already lost a lot of money by financing a banking fund to
rescue two ailing Veneto-based lenders, the chief executive of
Intesa Sanpaolo said, indicating he will not heed a
plea by the banks for more help.
The two lenders, Banca Popolare di Vicenza and Veneto Banca,
have asked the Atlante fund to come to their rescue by injecitng
up to around 1 billion euros in additional private capital, as
demanded by the European Commission to approve a state bailout.
"Private investors have already lost lots of money in
Atlante," CEO Carlo Messina told reporters on the sidelines of
an event, calling on EU authorities to approve state aid for the
two lenders as quickly as possible.
Intesa, together with rival heavyweight UniCredit,
is Atlante's main contributor. Atlante took over both Veneto
Banca and Popolare di Vicenza last year when they failed to
raise capital on the market.
(Reporting by Stefano Bernabei, writing by Silvia Aloisi,
editing by Valentina Za)