The situation in which Banca Popolare di Vicenza and Veneto Banca find themselves "is worse than what I found at Monte dei Paschi at the end of 2011, not only due to lack of capital and liquidity but above all due to the very strong reputational shortage": he declared on Radio 24 the CEO of Popolare di Vicenza and director of Veneto Banca, Fabrizio Viola, who was previously the CEO of Monte dei Paschi.
"In Siena - explained Viola - no one has ever put their hands in the pockets of customers and from this point of view Mussari (Editor's note, former president of MPS) behaved better than Zonin" (Editor's note, former president of Popolare di Vicenza) subject to liability action by the bank. The yellow of Zonin's emails that disappeared from the servers and reported yesterday by the lawyers of the Popolare di Vicenza makes the state of disarray left by the former president of Vicenza, once recklessly celebrated by too many media, even more evident.
Precisely the lack of trust is causing a haemorrhage of capital and customers in the two Veneto banks which are racing against time to try to save themselves with a capital increase with the decisive contribution of the Treasury and with the subsequent merger with consequent redundancies and layoffs.
Viola hopes to have certainty of the recapitalization, which is being examined by the EU Antitrust, "by the summer" and to be able to return to the shareholders the maximum 6,4 billion which the capital increase would amount to "in a time horizon of 3-5 years” but it won't be easy at all.
