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Cross-Border Acquisitions Shake Up Status Quo In Italian Banking Says Report Mar 06 Product Image

Cross-Border Acquisitions Shake Up Status Quo In Italian Banking Says Report Mar 06

  • ID: 1827795
  • March 2006
  • Region: Italy
  • Standard & Poors

FEATURED COMPANIES

  • BNP Paribas
  • Capitalia SpA
  • Credit Agricole S.A.
  • Credito Emiliano SpA
  • Eurofidi Scpa
  • Intesa Sanpaolo SpA
  • MORE

Abstract
MILAN (Standard & Poor's) March 10, 2006--The ongoing acquisitions by France's BNP Paribas (AA/Stable/A-1+) of Banca Nazionale del Lavoro SpA (BNL; A-/Watch Pos/A-2) and by the Netherlands' ABN AMRO Bank N.V. (AA-/Stable/A-1+) of Banca Antonveneta SpA have changed the status quo regarding foreign ownership of Italian banks, said Standard & Poor's Ratings Services in a report published today titled "Bank Industry Risk Analysis: Italy (Republic of)." "We expect the Bank of Italy to adopt a more tolerant attitude toward cross-border mergers, and believe that other acquisitions may follow, but we do not expect a massive surge in foreign entrants in the short term," said Standard & Poor's credit analyst Alberto Buffa di Perrero. An influx of foreign players is more...

Companies mentioned in this report are:
- Credit Agricole S.A.
- The Royal Bank of Scotland N.V.
- Banca Nazionale del Lavoro SpA (former)
- BNP Paribas
- Sanpaolo IMI SpA
- UniCredit SpA
- Banca Monte dei Paschi di Siena SpA
- Capitalia SpA
- Intesa Sanpaolo SpA
- Banca Popolare dell'Emilia Romagna S.C.
- UniCredit Bank AG
- Mediobanca SpA
- Credito Emiliano READ MORE >

- Credit Agricole S.A.
- The Royal Bank of Scotland N.V.
- Banca Nazionale del Lavoro SpA (former)
- BNP Paribas
- Sanpaolo IMI SpA
- UniCredit SpA
- Banca Monte dei Paschi di Siena SpA
- Capitalia SpA
- Intesa Sanpaolo SpA
- Banca Popolare dell'Emilia Romagna S.C.
- UniCredit Bank AG
- Mediobanca SpA
- Credito Emiliano SpA
- Poste Italiane Group
- Banco Popolare di Verona e Novara SCRL
- Cassa Depositi e Prestiti SpA
- Banca Mediocredito del Friuli-Venezia Giulia SpA
- Istituto per il Credito Sportivo
- Eurofidi Scpa

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