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Banca Carige SpA Cassa di Risparmio di Genova e Imperia (CRGI.MI)

CRGI.MI on Milan Stock Exchange

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2 Jan 2019
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Latest Key Developments (Source: Significant Developments)

BlackRock does not buy banks with own money - Italy head on Carige
Monday, 1 Apr 2019 

April 1 (Reuters) - The head of BlackRock in Italy, asked about the fund's possible interest in Banca Carige, says::BLACKROCK LOOKS AT HUNDREDS OF DEALS FOR ITS CLIENTS.DOES NOT BUY BANKS WITH OWN MONEY.  Full Article

BNP Paribas only interested in organic growth in Italy - country head says
Monday, 4 Mar 2019 

March 4 (Reuters) - BNP Paribas Italy head Andrea Munari says: :WHEN ASKED ABOUT POSSIBLE INTEREST IN CARIGE, SAYS BANK'S STRATEGY IS TO GROW ORGANICALLY IN ITALY.  Full Article

BPER CEO reiterates not interested in Carige or other deals at present
Wednesday, 27 Feb 2019 

Feb 28 (Reuters) - BPER Banca CEO Alessandro Vandelli tells analyst presentation::WHEN ASKED ABOUT POTENTIAL INTEREST IN CARIGE, SAYS BANK HAS A LOT TO DO AT THE MOMENT, NOT ANALYSING OTHER DEALS IN ITALY AT THE MOMENT.  Full Article

Carige commissioner says ECB will decide what to do if no binding offers by set April date
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Banca Carige SpA Cassa di Risparmio di Genova e Imperia ::CARIGE COMMISSIONER FABIO INNOCENZI SAYS APRIL DATE FOR BINDING OFFERS FOR BANK BEING SET IN ACCORD WITH ECB WHO WILL DECIDE WHAT TO DO IF THERE ARE NO BINDING OFFERS.  Full Article

Carige commissioner says working hard to avoid state intervention
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Banca Carige SpA Cassa di Risparmio di Genova e Imperia ::COMMISSIONER MODIANO SAYS HARD TO RULE OUT STATE INTERVENTION, “WE’RE WORKING TO AVOID IT”.COMMISSIONER INNOCENZI SAYS EXPECTS TO CLOSE SALE OF CONSUMER CREDIT UNIT TO CHENAVARI AT THE END OF MARCH.  Full Article

Italy's Carige sees binding offers for bank, NPEs in April - Commissioner
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Banca Carige Commissioner Fabio Innocenzi says::BANK WILL MAKE USE OF EARLY RETIREMENTS, INCLUDING LATEST PENSION LAW CHANGES, TO CUT 1,000 STAFF.A NUMBER OF POTENTIAL BUYERS ARE LOOKING AT THE BANK AND THEIR OFFER COULD INCLUDE NPES EARMARKED FOR SALE.EXPECTS BINDING OFFERS IN APRIL.  Full Article

Carige received bid on bad loans from Credito Fondiario and SGA - commissioner
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Banca Carige Commissioner Fabio Innocenzi says::SGA SUBMITTED BINDING BID FOR 1.9 BILLION EUROS IN BAD LOANS WHICH WILL STAND FOR A FEW MONTHS.CREDITO FONDIARIO SUBMITTED NON-BINDING BID FOR 2 BILLION EURO PORTFOLIO.CASH CALL COVERS 120 MILLION EUROS IN COSTS LINKED TO FRESH LOAN WRITEDOWNS.  Full Article

Italy's Carige can reach break-even in 4-5 quarters - commissioner
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Banca Carige Commissioner Pietro Modiano says::BANK CAN STAND ON ITS OWN FEET.COST INCOME IS UNACCEPTABLE BUT NET OF EXTRAORDINARY CHARGES IN 2018 AND 2019 BANK ONLY NEEDS TO CUT 50 MILLION EUROS IN COSTS TO REACH BREAK-EVEN.BANK CAN REACH BREAK-EVEN IN 4-5 QUARTERS.  Full Article

Carige liquidity coverage ratio below 100 pct at end-2018 - slide
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Banca Carige says in presentation slides on strategic plan to 2023::LIQUIDITY COVERAGE RATIO WAS BELOW 100 PERCENT AT END-2018.  Full Article

Italy's Credem denies any interest for Carige - spokesman
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Credito Emiliano::Denies any interest in Carige - spokesman.Credem mentioned in the Italian press as potentially interested in ailing lender Carige.  Full Article

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BlackRock's plan for Italy's Carige sees higher cash call: sources

ROME/MILAN Troubled Italian bank Carige could need a larger-than-expected cash injection of at least 700 million euros ($791 mln) under a rescue plan put forward by U.S. asset manager BlackRock, two sources familiar with the matter said.