January 3, 2019 / 4:03 PM / in 21 days

Italian government confident on Carige, monitoring situation 'carefully' - Deputy PM

FILE PHOTO: A woman walks past a Carige bank in Rome, Italy, September 20, 2018. REUTERS/Max Rossi

BELLUNO, Italy (Reuters) - Italian government is monitoring troubled Banca Carige’s (CRGI.MI) situation “carefully”, Deputy Prime Minister Luigi Di Maio said on Thursday.

The European Central Bank picked three administrators on Wednesday to take charge of Carige to save the struggling lender after it failed to raise new capital.

Asked whether Rome plans to intervene to help the lender, Di Maio said the government was confident about the situation, adding “for now we are monitoring it carefully ... I won’t say more”.

Reporting by Riccardo Bastianello, writing by Giulio Piovaccari; editing by Agnieszka Flak

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