Reuters logo
BRIEF-Intesa CEO says plan for Veneto banks key for value of Atlante stake
February 3, 2017 / 4:08 PM / 8 months ago

BRIEF-Intesa CEO says plan for Veneto banks key for value of Atlante stake

Feb 3 (Reuters) - Intesa Sanpaolo CEO Carlo Messina tells analyst call:

* Possible further devaluation of Atlante stake in 2017 depends on outcome of plan that Popolare di Vicenza (BPVI) CEO Fabrizio Viola is working on

* Viola is a good manager with a good knowledge of the banking sector and may succeed in mitigating a problematic situation

* Expects Intesa’s targeted NPL ratio of 10.5 pct in 2019 could meet ECB’s demands

* Has been in touch with regulator over NPL plan but there won’t be a final approval from the ECB before the end of March Further company coverage: (Reporting by Milan Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below