Sunday, April 12, 2015

Popular, Cariverona ready to strengthen – TgVerona

Carlo Fratta Pasini and Piefrancesco Saviotti

04.12.2015 09:06


The Cariverona Foundation is a candidate to strengthen the social structure of Banco Popolare for processing in Spa.

“If you will be required to accompany” the process “to ensure a stable shareholder “entity Scala” will examine the dossier availability fielding necessary resources required, “said Vice President John Hall, recalling that” Cariverona closely monitoring “the process of change underway and” that of Popolare di Verona particular “.

The entity, under the new rules on investment of Foundations, within three years will have to lighten the share of 3.45% in Unicredit, which has failed in an attempt to move Biasi , expiring and not renewable after 21 years as president of Cariverona.

TRANSFORMATION. So the transformation of the Bank in the spa and the start of risiko bank could offer the right to diversify assets and carve out a role in the future governance. An invitation to bet on the Tour arrives by CEO, Pier Francesco Saviotti. “I am confident that after years of famine, beginning a period of prosperity,” he told shareholders at the meeting approved the financial statements, which closed with a loss of nearly 2 billion.

The quarter will close with a result “largely positive”, “costs are under control,” the “trend in revenues more than decent”, while in the future adjustments on loans should “normalize”. There remains the problem of impaired loans for which Saviotti hopes “tax breaks that might facilitate the disposal”.

FOUNDATIONS. “We see a positive” that foundations “may consider becoming stable shareholders” said the president of the Bank, Carlo Fratta Pasini. Cariverona could accompany the Foundation CariLucca, (2.89%). But other foundations, already present in the capital with small stakes, from Manodori to that of Carpi and Modena, could join forces in defense of the bank.

In the coming months Fratta Pasini will in fact the problem – common to the popular object reform Renzi – to create a hard core of shareholders that can provide stability. “It ‘a job that we have to learn from scratch: we are studying how you can design your home, then what are the’ material ‘and’ suppliers’ we’ll see.” In addition to the Foundation looks to customers, both large (in the capital of Banco there are many important entrepreneurs like Rana, Trunks, Veronesi) that small.

CATHOLIC. “We have so many customers that partner together have significant stakes in their entirety. Let’s see if these shareholders will get organized and have a meaning in the future.”

If you find a way to bring together these investments will have a “sufficient share” to provide stability to the bank. Help could also arrive by insurance, “one of the few actors to invest in the long term.” The Bank in bancassurance partnership with Aviva and Unipol (although it might look at Bper), in addition to being a neighbor of Cattolica. “We live in the same city and sometimes we meet – said Fratta Pasini – but we never talked about.”




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