“First we make the statutes, then we make the transformations: I've always said that first we consolidate the rules, then we consolidate the banks”. Thus the managing director of Ubi Banca, Victor Massiah, regarding the banking risk among popular institutions which, after the first round of meetings last weekend, is preparing to get into full swing.
For Massiah and Ubi, therefore, it is first of all necessary to proceed with the transformation into a joint-stock company: "We must first of all concentrate on writing the new statutes and then slowly we will move forward". Contacts with Mps? "Absolutely not," Massiah specified when answering those who asked him about the possible integration with the Sienese institute.
