ECB Should Relax Lending Rules, Intesa’s Beltratti Tells Sole

The European Central Bank should “significantly lengthen” the maturity of loans to the region’s banks and “widen the criteria” to accept assets as guarantees, the chairman of Intesa Sanpaolo SpA (ISP)’s management board, Andrea Beltratti, wrote in a commentary in financial daily Il Sole 24 ore.

Banks can continue to lend to companies only if they are able to secure medium and long-term funding, Beltratti wrote.

The new budget measures that Italy will adopt in the coming days should be credible and the country shouldn’t rule out asking the International Monetary Fund for aid, he wrote.

To contact the reporter on this story: Chiara Vasarri in Milan at

To contact the editor responsible for this story: Angela Cullen at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.