The CEO of Banca Monte 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. Viola also suggested that any potential three-way merger would be difficult, given the inherent complexities of such a move. In an interview published on Monday in Corriere della Sera, Viola said: “Even if we were to merge with UBI, there are many obstacles and risks involved because of our different business models.”
The CEO of Banca Monte 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. Viola 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 €200bn of bad loans they collectively have on their books.