It is not true. Banco Popolare has no need for a new capital increase. And he sends an angry reply to the Financial Times: "With reference to news provided to the press regarding requests for immediate capital increases for certain banking institutions - reads a note from the institution - Banco Popolare condemns such behaviors which contribute to accentuating the conditions of market instability". According to the British daily, the EU is pressuring 16 medium-sized European banks, including Banco Popolare, to convince them to recapitalise.
"Notwithstanding that the news disseminated appears to be groundless and has already been denied by the EBA - continues the note -, Banco Popolare recalls how it exceeded the reference value of 5% set by the European stress test by a large margin and does not require any further increase in share capital". Furthermore, in the short term, "the 'stressed' Core Tier 1 according to EBA parameters last July will increase from 5,7% to 6% (from 6,8% to 7,1% under normal conditions)".
