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Intesa Sanpaolo, other banks to launch fund.

Global Banking News-3 November 2009-Intesa Sanpaolo, other banks to launch fund(C)2009 ENPublishing -

Global Banking News - 03 November 2009(c)2005 - Electronic News Publishing -

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.

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Publication:Global Banking News (GBN)
Date:Nov 3, 2009
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