The Bank, which closed 2014 with a huge loss of 5.3 billion euro, yesterday announced a recapitalization of 3 billion euro, 2.5 billion higher than initially assumed, to restore capital ratios imposed by ECB.
Today, the Treasury said that the bank will have to pay interest on the Sienese Monti Bond by issuing new shares. It is about 240 million euro which, according to analysts, will “temporarily” the stake held by the Ministry of Economy and Finance to about 10%, but that will be reduced to 5% after the capital increase.
The entrance of the Treasury in the capital has taken off in MPS. Rocca Salimbeni, having torn up earning 18%, closed with a jump of 13% to 0.48 euro.
February 12, 2015 17:17 – Last Updated: 19:51
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