Italy's Banco Popolare on Tuesday became the first Italian bank to seek state aid to strengthen its capital base, by announcing it will issue bonds to the government.
The Verona-based bank said in a statement that it intends to sell euro1.45 billion ($1.85 billion) of convertible bonds to the government "to ensure adequate capital to the group, allowing it to reinforce support to families and small and medium-size businesses."
Banco Popolare notified the Bank of Italy and the Finance Ministry that it planned to take advantage of the so-called Tremonti bonds, named for Finance Minister Giulio Tremonti, offered last month.
The bank plans to use the money also to help save Banca Italease, a leasing company of which it controls 30 percent.
So far, none of Italy's bigger banks have sought any government aid.
Комментариев нет:
Отправить комментарий