July 3, 2020 / 4:07 PM / a month ago

BRIEF-UBI to speed up M&A search if it remains independent - CEO

July 3 (Reuters) - UBI BANCA:

* CEO VICTOR MASSIAH SAYS BANK HAS SOME “HIDDEN TREASURES” ON ITS BALANCE SHEET IT CAN USE TO SUSTAIN DIVIDENDS

* CEO VICTOR MASSIAH SAYS BOOK VALUE OF CHINESE JV UNDERESTIMATES ITS CURRENT VALUE

* CEO VICTOR MASSIAH SAYS BANK MAY INCREASE TLTRO TAKE-UP AT THE NEXT ROUND

* CEO VICTOR MASSIAH SAYS IF BANK REMAINS INDEPENDENT IT WILL IMMEDIATELY ACCELERATE SEARCH FOR ALTERNATIVE M&A SOLUTION, BUT IT MUST BE FRIENDLY

* UBI CHAIRWOMAN LETIZIA MORATTI SAYS BOARD HAS ASKED CEO TO ACCELERATE M&A SEARCH BY THE END OF CURRENT YEAR (Reporting by Milan Newsroom)

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