The rescue of Banca Carige has taken another step forward with the green light from the ECB for the recovery plan and the 700 million capital increase. Now the commissioners can convene the bank's meeting around 20 September for the final pronouncement on the entire operation.
At present, both i Interbank funds (that is, in new substance, the entire Italian banking system) that the Central Bank (the Bcc organization alternative to the Iccrea and led by the people of Trentino). For the rescue and recapitalization of the Ligurian bank to actually go through is however the assent and the money from the first shareholder, Malacalza Investment, were decisive, which holds 27,7% of Banca Carige and which in December derailed a previous 400 million recovery plan.
Now we're at the point: it seems unlikely that Malacalza, who has already invested 420 million in the bank, will also reject this last opportunity causing the bank to fail and losing a lot of money. That is why there are reasonable hopes that the operation will take off, but the curtain on the bank's future will only rise in the meeting of next month.
