Unipol Banca to launch 100 mln euro capital increase -Unipol CEO

MILAN, March 20 Thu Mar 20, 2014 2:56pm EDT

Related Topics

MILAN, March 20 (Reuters) - Unipol Banca, part of insurer Unipol, plans to carry out a capital increase for 100 million euros ($138 million), Unipol Chief Executive Officer Carlo Cimbri said on Thursday.

In a conference call, Cimbri said the cash call was aimed at raising the lender's Core Tier 1 ratio, a measure of financial strength, close to 8.5 percent in 2014.

($1 = 0.7255 Euros) (Reporting by Andrea Mandala, writing by Agnieszka Flak; editing by Silvia Aloisi)