Feb 17 (Reuters) - Italian lender Banca Piccolo Credito Valtellinese (Creval) says in prospectus on planned capital increase:
* CASH CALL WORTH 699.66 MLN EUROS NOT SUFFICIENT TO FUND ALL STRATEGIC ACTIONS ENVISAGED IN 2018-2020 BUSINESS PLAN
* BUSINESS PLAN ENVISAGES CAPITAL STRENGTHENING IN TOTAL WORTH 803 MILLION EUROS
* BANK OF ITALY HAS TOLD BANK IT FACES SIGNIFICANT DIFFICULTIES IN RESTORING ADEQUATE PROFITABILITY
* BANK OF ITALY FOUND DELAYS IN LENDER’S CLASSIFICATION OF LOANS AS IMPAIRED AND PROVISIONING POLICY
* SUFFERED SIGNIFICANT LIQUIDITY OUTFLOWS IN NOVEMBER 2017 AFTER NEW BUSINESS PLAN, RATING DOWNGRADES
* MARKET REGULATOR CONSOB STARTED INSPECTION ON JAN 23 THIS YEAR ON A SERIES OF ISSUES INCLUDING FINANCIAL PRODUCTS SOLD TO CLIENTS Further company coverage: (Reporting by Milan newsroom)
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