Without any doubt, domestic consolidations will make Italian ba
nks bigger, but the question is, can these newly formed bigger entities match dynamism and competitiveness of the foreign banks? The answer can be read in the words of the Italian Prime Minister Romano Prodi (left top), who comments, “Instead of always being the ‘prey,’ I’d like, once in a while, to also be the predator.” That signifies what Italian banking system is up to – creation of giants that can not only defy foreign banks from invading Italy, but also acquire non-Italian banks. The proposed merger will not only create the largest bank of Italy, but also the ninth largest in Europe (in terms of Tier I capital), with a stock market value of around $83 billion!
For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link
nks bigger, but the question is, can these newly formed bigger entities match dynamism and competitiveness of the foreign banks? The answer can be read in the words of the Italian Prime Minister Romano Prodi (left top), who comments, “Instead of always being the ‘prey,’ I’d like, once in a while, to also be the predator.” That signifies what Italian banking system is up to – creation of giants that can not only defy foreign banks from invading Italy, but also acquire non-Italian banks. The proposed merger will not only create the largest bank of Italy, but also the ninth largest in Europe (in terms of Tier I capital), with a stock market value of around $83 billion!For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link
Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006
