Printer Friendly

Intesa Sanpaolo, other banks to launch fund.

Global Banking News-3 November 2009-Intesa Sanpaolo, other banks to launch fund(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 03 November 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Italy's Intesa Sanpaolo SpA (ISE: ISP) (ISP.MI) and certain other large financial institutions are planning to support the Italian economy in the next months by launching a fund to guarantee liquidity for small and medium companies as well as start a social housing project.

'Intesa Sanpaolo together with Italy's largest banks, state-run lender Cassa Depositi e Prestiti Spa and the support of the Italian government is working to launch a fund to support small and medium companies,' said Intesa Sanpaolo head of corporate and investment banking, Gaetano Micciche.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))
COPYRIGHT 2009 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Nov 3, 2009
Words:145
Previous Article:Sarasin not to increase NZB stake further.
Next Article:Romanian Central Bank keeps key rate steady.


Related Articles
Credit Agricole to sell Intesa Sanpaolo stake.
Italian antitrust starts probe on Intesa Sanpaolo pact.
Italy's Intesa Sanpaolo launches EUR1.5bn 10 year bond.
OTP Bank seeking euro loan.
Intesa Sanpaolo sells service to State Street.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters