Banco Popolare will not recapitalize, despite the requests of the EBA, the European supervisory authority. The CEO Pier Francesco Saviotti had anticipated it, the president of the banking group confirmed it, Carlo Fratta Pasini: “What the managing director says is exactly my thought, I fully confirm it”.
This is what the president of Banco Popolare replied to those who asked him if the Veronese institution will have need a new capital increase to strengthen capital ratios also following the requests of the EBA. The CEO had already repeatedly ruled out that the Bank could launch a new recapitalization.
