Green light to the capital increase but also to the white-hot clash with ChiantiBanca, "guilty" of having overturned the alliances in cooperative credit and of having returned to Iccrea after initially opting for Cassa Centrale Banca: this is the Cassa's line of conduct Centrale Banca, the second parent company of the Bccs, whose extraordinary shareholders' meeting approved a financial package that raises capitalization to 1,26 billion euros, thanks to the contribution of 700 million in cash from the 100 participating banks and another 130 million from the companies instrumental. "Now - says the president of Cassa Centrale, Giorgio Fracalossi with satisfaction - we are ready for the tests of the ECB's Supervision".
Precisely coinciding with the meeting, the Trentino parent company of the Bccs also collected the adhesion of the Bcc of Sarsina in Romagna which shifts the balance of cooperative credit both at a regional and national level.
But, beyond the good news that brings smiles to the top management of Cassa Centrale and in all the 100 participating mutual banks, Fracalossi has no intention of letting its guard down against ChiantiBanca which recently crossed the Rubicon leaving the Cassa Centrale for rejoin the competing group headed by Iccrea.
In an interview with Il Sole 24 Ore, Fracalossi summarizes the dispute as follows: "It is the board of ChiantiBanca, and not the shareholders (Ed. who have yet to meet in a new meeting to decide), to have resolved to evaluate the adhesion to Iccrea and now it's up to the shareholders to decide” but the latter must know that, in the face of their change of address, we are ready to file a lawsuit: we will protect our reasons in every venue to defend ourselves from damages, including financial ones, that may emerge”. In short, the truce is far away, the clash is near.
