BERLIN, Sept 13 (Reuters) - Any banking merger, such as
the possible takeover of Commzerbank by Italy's
UniCredit, depends on the business model and must
serve competitiveness, the European Central Bank's Joachim Nagel
said in a radio interview on Friday.
"It is clear that we need strong and robust banks," Nagel
told Deutschlandfunk, declining to comment on market
developments.
"In a bank merger, whatever form it may take - we have now
given one example - it ultimately depends on whether the
business models complement each other and whether the result is
a bank that is competitive," he said, adding that he was
confident all parties would act responsibly.
Italy's second-largest bank swooped to take a 9% stake in
Commerzbank earlier this week, setting the stage for a possible
takeover bid.
(Reporting by Rachel More; Editing by Muralikumar Anantharaman)