MILAN Aug 8 Italy's Banco Popolare
expects to borrow between 3.5 billion euros and 4 billion euros
($4.7-$5.4 billion) from the European Central Bank when it next
offers lenders cheap longer-term funds, a slide on its website
showed on Friday.
CEO Pier Francesco Saviotti told analysts on a conference
call on Friday that the board had authorised the bank to borrow
3.8 billion euros of these funds, which the ECB will provide
starting from September in a bid to spur lending to companies.
(1 US dollar = 0.7455 euro)
(Reporting by Andrea Mandala, writing by Valentina Za, editing
by Agnieszka Flak)