November 16, 2018 / 12:46 PM / a month ago

Banca Carige has time until end-2019 to review M&A options-CEO

MILAN, Nov 16 (Reuters) - Italian mid-tier lender Banca Carige has time until the end of next year to carry out an in-depth analysis of merger options, its Chief Executive Fabio Innocenzi said on Friday.

The bank approved capital-strengthening measures totaling 400 million euros ($453.36 million) earlier this week to meet a European Central Bank year-end deadline to boost its capital.

$1 = 0.8823 euros Reporting by Andrea Mandala; writing by Francesca Landini

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