MILAN, April 4 Struggling Italian regional
lenders Banca Popolare di Vicenza and Veneto Banca confirmed on
Tuesday the European Central Bank has estimated a combined
capital shortfall of 6.4 billion euros ($6.83 billion)
following stress tests of the lenders conducted by the regulator
The two banks said the ECB had indicated that they both
qualified for a precautionary recapitalisation by the state.
The capital shortfall was calculated taking into account the
lenders' score in the adverse scenario of the stress tests,
whose results had not been previously made public.
Two sources close to the matter had earlier put the capital
gap for the two banks, as calculated by the ECB, at 6.4 billion
One of the sources said the ECB considered the lenders
solvent, a key condition for them to receive the state bailout
they have requested.
($1 = 0.9376 euros)
(Reporting by Silvia Aloisi)