News: Banca Piccolo Credito Valtellinese Sc (PCVI.MI)
MILAN, March 7 - Credito Valtellinese has sold non-performing loans with a gross book value of around 36 million euros ($50 million) to global alternative asset manager Ares Management, the Italian mid-sized bank said on Friday.
MILAN - Credito Valtellinese plans to raise up to 400 million euros in cash from investors by mid-2014, joining a growing list of Italian banks seeking to strengthen their balance sheets as they come under scrutiny in a sector health check.
* CEO says boosting capital is priority due to ECB's review
MILAN, March 4 - Credito Valtellinese, one of 15 Italian lenders being scrutinised by the European Central Bank, said on Tuesday it had returned to profit in 2013 despite a nearly 30 percent rise in problematic loans.
MILAN, Oct 8 - Italian mid-tier lender Credito Valtellinese said on Tuesday its board had decided not to start talks for a merger with troubled peer Banca Tercas, as conditions were not in place.
MILAN, Sept 11 - Italian mid-tier lender Credito Valtellinese said on Wednesday it was considering a possible tie-up with troubled peer Banca Tercas but that it had not taken any decision about a possible recapitalisation linked to the deal.