Economic Calendar

Sunday, October 26, 2008

Pop. Milano Chairman Says Tier 1 Ratio May Be Low, Sole Reports

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By Elisa Martinuzzi

Oct. 26 (Bloomberg) -- Banca Popolare di Milano Scrl Chairman Roberto Mazzotta said the northern Italian bank's Tier 1 capital ratio of 6.4 percent may be insufficient in current markets, according to an interview in Il Sole 24 Ore.

The ratio, a reserve built up to protect depositors, may not be enough while lending is risky, he told the financial daily.

To contact the reporter on this story: Elisa Martinuzzi in Milan at emartinuzzi@bloomberg.net




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