Even Credito Valtellinese is now a joint stock company. The historic decision to transform the Banca Popolare Valtellinese into a joint-stock company, as envisaged by the Renzi reform, was taken unanimously by a very crowded assembly attended by 4.200 shareholders. Goodbye, therefore, to the per capita vote and goodbye immediately to the ceiling of 5% on the voting rights of shareholders.
But the transformation into a joint stock company is only the first step in Creval's second life, whose top management is perfectly aware that the difficulties facing banks today require a rapid consolidation process and a review of the business model aimed at creating value even in times of low rates. This is why the CEO of Creval, Fiordi, has launched a renewed invitation to Popolare di Sondrio to sit down at the table to verify the feasibility of a merger.
If the Popolare di Sondrio were to niche, Creval has a plan B: evaluate a possible with the Bper, which has not failed to send signals of attention.
