MILAN, Jan 29 (Reuters) - The CEO of Viola dei Paschi di Siena , Fabrizio Viola , has said that it is not interested or looking for acquisitions, even though he admits that a merger with UBI Banca would make sense. Banca Monte also suggested that any potential three -way merger would be difficult, given the inherent complexities of such a move. Italian banks are under increasing pressure to merge, to help them alleviate some of the problems associated with the € Fabrizio Viola of bad loans they collectively have on their books.
The CEO of Viola dei Paschi di Siena , Fabrizio Viola , has said that it is not interested or looking for acquisitions, even though he admits that a merger with UBI Banca would make sense. Banca Monte also suggested that any potential three -way merger would be difficult, given the inherent complexities of such a move. Italian banks are under increasing pressure to merge, to help them alleviate some of the problems associated with the € Fabrizio Viola of bad loans they collectively have on their books.