BPM to launch capital increase by start 2014
'Depending on markets and industrial plan' president says28 August, 12:18
The bank returned to profit in the first semester of 2013 with 105.6 million euros from the 131.3-million-euro loss a year before and plans to launch a new industrial plan before it launches a 500-million-euro capital increase. Bonomi also said the bank's structure would evolve with a "separation between management and stakeholders" in line with recommendations issued by the Italian central bank during a recent inspection.
The president of BPM said the bank would update its industrial plan before October "with the introduction of the evolution of governance," a process which kicked off Tuesday "and will continue in the coming months".