“From a purely industrial point of view the idea of (merging) with UBI presents positive aspects based in particular on the virtual lack of geographical overlap,” Fabrizio Viola told La Repubblica. The CEO of the 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 merger . 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 .
The CEO of the 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 merger . 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 .