Share

Banca del Mezzogiorno: reorganization yes, privatization no

The presence of a bank of this type, commented the CEO of Invitalia Arcuri, is "essential for the support of SMEs in the South and is functional for future government operations". The lender will undergo a major review of its operations, activities and performance indicators

“Let's leave privatization alone – declared Domenico Arcuri, CEO of Invitalia – it is a topic that has to do with other variables and other components. We think that a public bank in support of SMEs in the South is not necessary, but indispensable".

Arcuri, asked about the future of the Banca del Mezzogiorno on the sidelines of the presentation in Rome of an investment in the Italia Venture I fund signed with the European Investment Bank (EIB), then continued: "The presence of a bank of this type is functional with the operations that the Government will want to put in place for the South".

“Banca del Mezzogiorno will achieve the objective we have given it and will be completely synergistic. It will be subject to a profound, if not a very profound, review of its operations, activities, targets and performance indicators". 

comments