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Padoan: yes to the Bpm-Banco wedding in line with the ECB

The Minister of Economy, Pier Carlo Padoan, expressed his appreciation for the determination of Bpm and Banco Popolare to go ahead with the merger plan, satisfying all the requests for improvement made by the ECB - the two banks will meet their advice for the final decisions

Bpm and Banco Popolare are not giving up and want to go ahead with the merger trying to satisfy all the requests made by the ECB to give the green light to the first merger being examined by the European Banking Supervision. For this they have already received the applause of the Minister of the Economy, Pier Carlo Padoan, who shares their project and their determination to support it without surrendering to the remarks of the ECB.

The top management of the two banks have decided to bring their councils together by Tuesday 22 to finalize the counter-proposals to the ECB which will concern the sale of assets (Banca Aletti, Bpm stake in Anima Holding, Ago Ducato) and the disposal of difficult loans.

Precisely in relation to these developments, the financier Andrea Bonomi has decided not to take the field for the presidency of the supervisory board of Bpm at least until the general picture has clarified.

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