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Bankitalia, Saccomanni: "Value of shares at 7,5 billion based on the different valuation methods"

In the hearing on the Imu-Bankitalia decree in the Finance Committee of the Chamber, Saccomanni said that "the results of using different valuation methods led to a preference for the amount of 7,5 billion" - The maximum amount of dividends distributed to participants is 450 mln – The revaluation of the shares will not have effects on regulatory capital.

Bankitalia, Saccomanni: "Value of shares at 7,5 billion based on the different valuation methods"

The various valuation methods have indicated a value of the Bankitalia shares of 7,5 billion. This was stated by the Minister of Economy, Fabrizio Saccomanni, during the hearing on the Imu-Bankitalia decree before the Finance Committee of the Chamber.

"The results of using different valuation methods have led to a preference for the amount of 7,5 billion", he said, adding that "with the decree, the maximum amount of dividends distributed to participants is 450 million" euros . The 7,5 billion indicated set the value at the top of the range at which the shares had been valued up to now, ie between 5 and 7,5 billion.

Saccomanni then specified that the revaluation of the quotas will not have effects on the supervisory capital of the participating banks for the purposes of the exercise of the "Asset Quality Review which the European Central Bank will conclude in the current year".

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