November 6, 2018 / 2:26 PM / 15 days ago

Intesa Sanpaolo CEO says bank repricing loan book

MILAN, Nov 6 (Reuters) - Intesa Sanpaolo is in the process of repricing its loan book and the effects will become visible in the coming quarters, Chief Executive Carlo Messina told an analyst call.

Italian banks have seen their funding costs rise and capital buffers shrink due to a spike in the country’s borrowing costs driven by the spending plans of a new anti-establishment government.

Reporting by Valentina Za

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