February 9, 2018 / 6:20 PM / 2 months ago

BRIEF-Banca Carige says may use GACS state guarantee for part of 1 bln euro sale

Feb 9 (Reuters) - Banca Carige CEO Paolo Fiorentino tells analyst call:

* SAYS DECISION TO SELL FURTHER 1 BILLION EUROS IN BAD DEBTS STEMS FROM ECB’S FOCUS ON GROSS NPE RATIO AND ENSUING REGULATORY PRESSURE

* COULD USE GACS STATE GUARANTEE TO SELL PART OF THE 1 BILLION EURO PORTFOLIO Further company coverage: (Reporting by Milan Newsroom)

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