Veneto Bank takes its first steps towards Piazza Affari. Listing on the Stock Exchange will take place by the end of this year, while a capital increase will be launched in the first few months of 2016. This was established by the group's board of directors, which met yesterday under the chairmanship of Francesco Favotto.
Going into detail, the board has launched a work plan aimed at a possible landing of the institute's shares on Piazza Affari. The listing, according to a note issued by the bank, "would allow shareholders to trade Veneto Banca shares on the market, ensuring their liquidity."
At the same time, the board of directors, after having submitted the updated Capital Plan for examination by the ECB aimed at achieving the capital requirements assigned to Veneto Banca (10% in terms of Cet1 ratio and 11% in terms of Tcr) decided to ask the shareholders the delegation to start a capital increase which should be completed in the first months of 2016, after listing.
However, the bank has ensured that the amount of the recapitalization will be such as to "ensure also prospectively an adequate buffer of the expected capital requirements".
