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The Venetian banks are asking the State for help to recapitalize

Banca Popolare di Vicenza and Veneto Banca with two separate letters ask the Ministry of the Economy for "extraordinary and temporary financial support from the State" to increase capital in view of the merger - But the game with Europe will not be easy

Veneto banks are asking for state support for the recapitalization. This was communicated by Banca Popolare di Vicenza which, with reference to the new 2017-2021 Business Plan which provides for the merger with Veneto Banca and a capital increase in 2017, communicated to MEF, Banca d'Italia and ECB its intention to access to extraordinary and temporary financial support from the Italian State (precautionary recapitalization).

La Popolare di Vicenza also specified that with regard to the Settlement Offer currently underway addressed to BpVi shareholders, 65.505 expressions of interest were registered on Friday (equal to 68,8% of the shares subject to the perimeter) against which 52.865 settlement agreements have already been signed (equal to 49,6% of the shares in scope).

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