Friday, January 29, 2016

Banks, Bazoli: the system is sound, undue alarm – The Messenger


 (AGI) – The concerns of the financial markets on the Italian banking system are unjustified. This was stated by the chairman of Intesa Sanpaolo, Giovanni Bazoli, at the presentation of the report sent to the Company Sanpaolo, specifying that “the sufferings of lenders are sustainable.” Regarding the crash yesterday banks Bazoli stated: “I think it’s the tail of the storm of the past few days and no agreement on the bad bank. Before you can judge the measure on the bad bank must also see the applications, but I do not think which can lead to further losses for the Italian banking system. It can not be due to further declines in the valuations of banks, “he added. Bazoli He then focused to speak of Intesa SanPaolo. “I do not consider that there may be a justified concern on the premises of our banking system. There are several situations but Intesa Sanpaolo could say happy island, because from the point of view of the strong balance sheet is certified as one of the best European banks. Island happy but to a certain point, because if there are problems in the system we will resend “.
 

 29/01/2016 17:00:02

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