ECB to Carige: need new plan The salt loss to 101 million – BBC

While it’s still going to Frankfurt analysis of the integration plan between BPM and Banco Popolare – after the two institutions have further filing the plan for

Daniele Nouy, ​​head of the Single Supervisory ECB (Imagoeconomica)

to meet the indications of the ECB – the business of BPM unions take to the field with a press unit in which cast doubt on the integration that “it is not a step taken for granted,” the “many questionable data and the questions that the ECB seems to highlight,” and “not convincing.” E in the meantime the ECB intervenes heavily on Carige.

Watch led by Danièle Nouy sent to the institute’s board on February 19 a “draft decision “demanding that the bank makes the risks and is within the regulatory requirements through a new funding plan by 31 March, a” business plan that takes into account the deterioration of the current scenario with respect to the original forecasts, “and a plan” to reflect new considerations on the strategic options of the group “before 31 May. The ‘decision’ ECB was announced late yesterday by Carige, after the board has updated the 2015 accounts that are closed with a loss of 101.7 million, down from the 44.6 million reported on 11 February, due to the full write-down of goodwill of Banca Carige. But he also weighed the decline in direct deposits.

Piero Luigi Montani, CEO of Carige (Imagoeconomica)

“ In the current market situation” even in the start-up of 2016, is written in the note of the group led by Piero Montani (in whose place the first partner, Malacalza Investments, proposed Guido Bastianini), “the bank, like other comparable Italian institutions, has faced unexpected tensions with timely intervention.” Carige precise that “the devaluation produces purely accounting effects but does not cause a negative impact on future profitability and the capital adequacy profiles”, “confirmed respectively to 12.2% (CET1) and 14.9% (total capital ratio).” The liquidity today is over € 2 billion, with a ratio of over 100% (90% above the ECB limit) and were issued in February, two covered bonds for 850 million and securitized loans “with a positive effect on the estimated liquidity about 500 million. ”

The pressure of the ECB is also felt on the BPM-Tour project, which yesterday Fabi, First-CISL, FISAC-CGIL, Sinfub, Uilca have expressed doubts, fearing that BPM with Banco become a “succulent prey”. They suggest: “Why not move towards less complex realities by shifting the focus on the centrality of the BPM brand? You could enhance the brand in the best folk tradition and cooperative. “

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3 March 2016 (edited March 3, 2016 | 23:15)

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