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Intesa Sanpaolo to announce some disposals by year-end.

Global Banking News-11 November 2009-Intesa Sanpaolo to announce some disposals by year-end(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 11 November 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Italy's Intesa Sanpaolo SpA (ISE: ISP) (ISP.MI) is expected to make an announcement on its plan for non-core asset disposals before the end of the year, Dow Jones has reported.

'We could make an announcement by year-end,' the bank's chief executive Corrado Passera reportedly said. The bank will also complete a previously announced capital strengthening that includes the sale of its custodian operations as well as the valorisation of asset management unit Banca Fideuram.

In September, the bank decided not to apply for government-sponsored bonds to strengthen its ratios.

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

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Publication:Global Banking News (GBN)
Date:Nov 11, 2009
Words:147
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