VICENZA, Italy Feb 18 Italian mid-tier lender
Banca Popolare di Vicenza expects its core capital to reach 12.5
percent after a 1 billion euros ($1.4 billion) cash call
approved on Tuesday, Managing Director Samuele Sorato said.
The bank's common equity tier 1 ratio, a measure of bank
capital strength, currently stands at 9 percent.
In an statement earlier on Tuesday, the bank announced the
cash call saying it would fund possible acquisitions and would
also help boost its financial strength.
Chairman Gianni Zonin said peers Veneto Banca and Banca
Popolare dell'Etruria were among possible targets but
added his bank was currently not in talks with anyone.
($1 = 0.7298 euros)
(Reporting by Andrea Mandala, writing by Silvia Aloisi)