(Il Sole 24 Ore Thomson Financial) – Frankfurt, September 2 – The markets ‘push for a consolidation of the banking sector in Europe which, in theory, would have a logic “but” the real and’ if the banks are ready to do it or not. ” He said Federico Ghizzoni, CEO of UniCredit, during an interview on the podium of the conference ‘Banken im Umbruch’ in Frankfurt. The consolidation of cross-border “have always been difficult to manage and synergies with dubious and – continued Ghizzoni – a few years ago, talking about the impending banking union, all the CEO here in Frankfurt agreed on the need ‘of a consolidation. Now, I think they are all switched to the 43% that is considered unlikely. ” The great uncertainty about the requirements in terms of capital ratios’ and ‘a significant obstacle to think or dream about mergers, we do not know yet what will be, and’ Europe is still spoken of ‘too-big-to-fail’. There are no the conditions for mergers in the short term “and” locally “and ‘can and Italy’ and ‘one of the candidate countries”. UniCredit on the Italian market, “a market share of more ‘than enough and we will not be involved in this phase of consolidation” and “we want to grow in Poland. We will see that opportunity’ there will be, but, for the rest, we rely on internal growth and the optimization of the already ‘we’. Ghizzoni has again denied a possible interest in the German Postbank, listing from Deutsche Bank, while reiterating that “Germany and ‘a key market for us, here we have 25% of the activities’ global position, in terms of capital ratios, the subsidiary, HVB, and ‘very good’. “We want to grow in Germany – he concluded – not through acquisitions of retail networks but with a diversification of the activities’ and digitization, and the commitment of the board of HVB and ‘very strong’.
Mir
(RADIOCOR) 09/15/02 11:47:11 (0183) 5 NNNN
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