MILAN Aug 29 Unlisted Italian lender Banca
Popolare di Vicenza said on Friday a recently completed
608-million euro cash call had boosted its core capital ratio to
10.67 percent as it posted a 22-million euro net profit for the
first half of the year.
In a statement, the mid-tier lender said the so-called
Common Equity Tier 1 ratio, a key measure of financial strength,
would further rise to 12.6 percent once a convertible bond is
reimbursed with shares and a 300-million capital increase aimed
at new shareholders is completed.
The bank, one of 15 Italian lenders under scrutiny from the
European Central Bank in a pan-European health check, said it
had paid back in the month of August 2 billion euros of cheap
loans taken from the ECB at the height of the euro zone debt
(Reporting by Silvia Aloisi)