Banca Carige says ECB made no reference to possible resolution
In a separate statement, the lender said it would enter exclusive talks with Bain Capital until Oct. 15 regarding the sale of an unlikely-to-pay loan portfolio with a gross book value of up to 400 million euros ($464 million).
Earlier on Tuesday, Moody`s had downgraded Carige and placed it under review for further downgrade, citing governance tensions which it said were "an impediment to the bank`s effective restructuring".
It also said there was "the heightened risk that Carige could be placed in resolution" after the European Central Bank rejected the lender`s capital conservation plan last month.
Carige said the ECB`s decision "does not contain any reference to a possible resolution".
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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