BAIL IN OF 4 ITALIAN SMALL BANKS IN 2015

In November 2015 the European Central Bank - ECB declared the bankrupt of four small Italian banks, according to the bank recovery and resolution directive. These banks were BancaEtruria - Banca Popolare dell'Etruria e del Lazio, CARICHIETI - Cassa Risparmio Provincia Chieti, CARIFERRARA - Cassa di Risparmio di Ferrara, Banca delle Marche.

Intesa SanPaolo Group and BPER - Banca Popolare dell'Emilia Romagna purchased the good assets after the resultion procedure.