Banca Popolare di Vicenza "absolutely" excludes carrying out business combinations "until the listing and the capital increase". This was announced by the managing director of the institute, Francesco Iorio, presenting the new business plan.
“Then – he added – we will be strong enough to evaluate an operation with calm and prudence, a joint operation, possibly with banks with the same operational size. We don't want to be the North East area of a big bank”.
Iorio then underlined that one of the pillars of the plan is the "transformation into a listed joint-stock company" by April 2016, an operation which will take place at the same time as the closing of the capital increase.
