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BRIEF-Popolare di Vicenza CEO says amount of state aid needed still unclear
April 11, 2017 / 2:22 PM / 8 months ago

BRIEF-Popolare di Vicenza CEO says amount of state aid needed still unclear

April 11 (Reuters) - Banca Popolare di Vicenza Chief Executive Fabrizio Viola says: * 6.4 billion euro capital shortfall identified by ECB for Pop Vicenza and Veneto Banca is maximum amount of state recapitalisation, size of latter may differ * settlement transaction with shareholder significantly cut legal risks which would have made it impossible for Veneto lenders to raise fresh capital either private or public * too early to give any details “in terms of timing and figures” in relation to ongoing negotiations with EU commission over state recapitalisation (Reporting by Milan newsroom)

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