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Veneto Banca: ok liability action against old management

The shareholders' meeting approved the action promoted by the new top management with a plebiscitary outcome

Veneto Banca: ok liability action against old management

Veneto Banca approved the start of the liability action against the past management of the institute, led by the general manager Vincenzo Consoli, on Wednesday afternoon. 97,69% of the capital is present (97,64% is in the hands of the Atlante fund). Discounted outcome
plebiscitary: 99,99% of the capital present voted in favor of the liability action, 0,0001% against, another abstained
0,0001%. "We have to invent a new bank and this is the real challenge," said the president of the bank Massimo Lanza at the end of the meeting.

“When there are big crises – said Lanza – it is easier to make big changes and these are great opportunities to change. The challenge is to create a bank capable of creating value. Talking about layoffs is certainly an important issue because it affects people but the bank must stand, this is what we want to do”.

"The board of directors - continued the president of Veneto Banca - is seriously committed to doing everything possible towards those who have had a responsibility for what happened in our bank and which had a dramatic impact on the lives of shareholders and their families".

"Veneto Banca's business plan will be ready by the end of the year - stated the CEO of Veneto Banca Cristiano Carrus - We are engaged in the implementation of an important business plan for turning point and change that sees Veneto Banca seek its own path, which could also be that of a merger with another institution".

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