MILAN, Oct 13 (Reuters) - Italy's Banca Carige has
hired Boston Consulting Group to help it study ways to develop
its business, including through a merger which remains the
troubled lender's main goal.
Genoa-based Carige said in a statement on Wednesday it would
continue to pursue a tie-up even after tax incentives for bank
mergers expire at the end of the year.
Loss-making Carige is controlled by Italy's FITD depositor
protection fund after being rescued by healthier peers back in
2019 at a cost of 700 million euros ($810 million).
It has warned it needs another 400 million euros in capital
by the third quarter of 2022.
The FITD fund is struggling to find a buyer for the bank
after rival Cassa Centrale Banca earlier this year walked away
from a potential acquisition.
($1 = 0.8639 euros)
(Reporting by Maria Pia Quaglia; editing by Valentina Za)