Bazoli “Unjustified fears – BBC

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Milan , January 29, 2016 – 14:43

” I do not think that there may be a justified concern on the premises of our banking system. ” Giovanni Bazoli, chairman of the Supervisory Board of Intesa Sanpaolo, does not fear for the future of Italian banks. After the presentation of the results of the Compagnia di San Paolo, the largest shareholder of the bank, Bazoli also focused on the trend of bank shares on the stock market, in particular the fall of Thursday, January 28: “I think it’s the tail of a storm It occurred in recent days. Before judging that the Government (with the European Commission in terms of the bad bank , ed) should see its applications. I do not think that the measure could lead to further losses. Of course it is a compromise but can not be the cause of heavy drop in valuations of the banks. ” According Bazoli they are “not justified alarms that result from evaluations that are considered worrisome problem loans. If we look at the net amounts – said – are absolutely sustainable. It is an alarm exaggerated. ”

“Without urgent, Intesa Sanpaolo can look abroad”

“I think the way in the competition. Today in Italy there are two large banking groups, if it would create a third would see with favor, “he replied instead Bazoli who asked him to comment on possible mergers in the Italian banking system. As for any operations for the group Intesa Sanpaolo, Bazoli said that “no reasons of necessity and urgency the problem of our bank is to look at an international presence greater than it already has: in Italy we already have a significant presence and capillary optimal . If we have to do something else, we have to do in technical terms. Without haste, in terms of perspective. ”

Messina: “The choice of president is up to shareholders’

While Bazoli spoke in Turin, the CEO Carlo Messina answered reporters in Florence, on the sidelines a conference on city subways. Messina – asked about his hopes for the choice of the next president of the new banking group – the identification of the new number one of Intesa Sanpaolo “is an issue for shareholders and not to the CEO. I have already said to be lucky to have had presidents as Professor Bazoli, who built one of the best banks in Europe, and Professor Gros-Pietro which are in complete harmony. ”

January 29, 2016 (modified January 29, 2016 | 16:44)

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