Born the bottom Atlante to stabilize the banking system – The Messenger

 (AGI) – It will have capital of up to 6 billion and will lend assistance in case of difficulty in capital increases and in credit management in suffering. And ‘This is the aim of Atlas, the alternative investment fund launched by Quaestio Capital Management Sgr. Atlas, as the mythological figure carries on his shoulders the weight of the world, was created to stabilize the Italian banking system after the crisis that has hit. Atlas fact will support the capital increases of banks and help management of bad debts. This was announced by a note of Sgr chaired by Alessandro Penati, where we read that “as a result of meetings during the day today with a large number of institutional investors, banks, insurance, banking foundations and Cassa Depositi e Prestiti, Quaestio reached a number of accessions “such as to permit its launch. The formal launch of the fund is expected in the coming days. But yesterday, in the course of three meetings that were held at the MEF it has defined the architecture of the project ready to intervene on the shares (if any) discovered the next capital increases and later purchase the securities resulting from the securitization of non-performing loans . Satisfaction was expressed by the Prime Minister, Matteo Renzi, who appreciates that private operators have been promoting a system operation and announces new measures for the reduction of debt recovery time: “This private is useful. In Italy active market exists and manager who is facing problems with its own resources, without asking for public money. The Government has already done a lot to restructure a sector from which we expect adequate support to the economic recovery in terms of greater credit to households and businesses. in the coming days we will make the recovery process easier and faster so that anyone who has a claim can be trusted to recover in a reasonable time. ” Even the Minister of Economy and Finance, Pier Carlo Padoan, appreciates the launch of the fund: “The fund is a tool that can help to complete the process of strengthening the capital base of Italian banks and increase the NPL market “. In fact, the fund may both to facilitate the capital increases of some lenders as to acquire loans from banks and non-performing real estate assets.
 

 12/04/2016 10:45:03

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