Veneto Bank could soon launch a capital increase from 4-500 million to strengthen its assets and defend its independence. The indiscretion began to circulate immediately after the outbreak of the controversy between the institute and the Popolare di Vicenza.
According to what Milano Finanza writes, the hypothesis would have been discussed both at the top management of the Bank and in meetings with the heads of the territorial divisions and the area heads. Alternatively, Veneto Banca could opt for a bond issue.
In any case, the objective would be to minimize or completely avoid the conversion of the 350 million bond, considered today as an extrema ratio to strengthen assets. The recapitalization should then accompany the sale of 71,4% of Intermobiliare Bank, in order to reach and perhaps even exceed the capital level required by the Bank of Italy.
On the Bim dossier it is possible that in the next few years there will be an acceleration: in recent months there had been talk of an interest by international groups such as Ubs.
