Skip the acquisition of Caricento by Bps

Skip the acquisition of Caricento by Bps

ONE HUNDRED. The ECB has not approved the statutory changes of the Banca Popolare di Sondrio for the acquisition of the Cassa di Risparmio di Cento and therefore the operation will not take place. This was announced by a statement from the Lombard bank.

"In the context of the discussions with the European Central Bank on the procedure for the approval of the statutory changes approved by the shareholders' meeting of 27 April - reads the press release of the Popolare di

Sondrio - and aimed at executing the agreements signed with the Cassa di Risparmio di Cento Foundation and the CR Cento Holding for the acquisition of control of the Cassa di Risparmio di Cento, the need to give priority to derisking initiatives has already been highlighted in progress aimed at reducing the stock of non-performing loans - keeping the capital buffer, however large, available to BPS, prudently at the service of the aforementioned initiatives - and strengthening the governance and risk management structures ยป.