Bank of Italy says small coop banks must also reform -update

(ANSA) - Rome, February 12 - A senior official at the Bank of Italy said Thursday that even if the country's smallest credit coop banks are excluded from new reforms, they should still remodel themselves "quickly" and consider integration.
    Carmelo Barbagallo, supervisory head, said the smallest mutual coop banks, known as BCC lenders, "need greater cohesion".
    Premier Matteo Renzi last month announced reforms to the ownership structures of the 10 largest 'popolari' or cooperative banks which could open them to mergers and takeovers.
   

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