BMPS chairman rules out break-up of bank (translated)
Alessandro Profumo, the chairman of BMPS, the listed Italian bank, has ruled out breaking up the lender, Italian language daily Il Messaggero reported. The reported cited Profumo as noting that in terms of M&A the only thing he would rule out was BMPS being broken up and sold.
The report cited Profumo as noting that BMPS had until 26 July to report on its progress in regard to a merger with another bank to the European Central Bank (ECB). However, Profumo said it was highly unlikely that BMPS would find a merger partner by 26 July.
BMPS recently carried out a EUR 3bn capital increase.
Il Messaggero