Banks: first quarter big Italian assets grow

(ANSA) - ROME, MAY 09 - The capitalization of the first five Italian banking groups increases in the first quarter of the year. This is what emerges from a study on the quarterly reports presented this week by First Cisl which underlines how the possibility of granting credit to businesses and families is consequently increased. In the first three months for the five largest Italian banks, Intesa Sanpaolo, Ubi Banca, Unicredit, BancoBpm and Mps, the Common Equity Tier 1 Ratio (Cet1 Ratio), the main indicator of capital solidity, which measures the ratio between the primary component of the share capital of a risk-weighted bank has reached 13.76% compared to 13.61% in December 2019. "More ammunition to sustain the economy", "to support employment and production capacity" the model identified by the ex is needed ECB president Mario Draghi says First Cisl secretary general Riccardo Colombani (ANSA).