The shareholders' meeting of Carige has the liability action against the former directors of the institute. The first resolution, passed with 99% of the votes, concerns the "historic" former president John Berneschi, sentenced last February to eight years and two months' imprisonment, in the context of the trial which hypothesizes in various capacities with other defendants the crimes of criminal conspiracy, fraud against the Genoese bank and its insurance branch, money laundering.
The second, approved with 76,4%, provides for a liability action against the former president Cesare Castelbarco Albani and of the former CEO Piero Luigi Montani, for the sale to Apollo of the two companies Carige Vita Nuova and Carige Assicurazioni, closed in June 2015, and the related definition of the distribution agreements for insurance products.
"We confidently await the outcome of the judiciary from which the bank and all the shareholders will eventually be able to benefit", he commented. Victor Malacalza, reference shareholder with 19,5 per cent of the capital and vice president of Carige
On the location of Amissima-Apollo, who harshly criticized the proposal to take action against the former leaders in the assembly, added: “I respect and give freedom to any thought, I think that in their speech they did not grasp all the truths. The truth always prevails and we are not afraid”. “The turbulence – he then concluded with regard to the rAmissima's emergency course to inhibit the vote of Malacalza Investimenti (action rejected by the Civil Court of Genoa) – it was created for us with the fact that we did not know if we could participate. This is regrettable."
The shareholders' meeting of Banca Carige also approved the 2016 consolidated financial statements which closed with a loss of 313,61 million (297,3 million the group loss). The gross operating margin grew by 9,9%, while savings on operating costs settled at 80,4 million (-13,2%). The non-performing loan portfolio at the end of the year amounted to 7,3 billion euro gross of bad debt provisions, 4 billion in net terms. On Piazza Affari, the stock travels up by 1,63%.
As regards the capital increase, CEO Guido Bastianini confirmed that it will be held "at the turn of the summer". The manager specified that the board of directors who will convene the assembly for the increase up to 450 million euro should be held “between the end of April and the beginning of May”. On the extent of the increase, the manager added that work is underway and that a strengthening deriving from "the possible conversion" of securities may be added to the figure. “Shareholders will have the right to withdraw from bad bank shares,” Bastianini also said.
