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.