(Update from conference) ROME, February 11 (Reuters) – Banca Monte dei Paschi BMPS.MI & gt; announced that will increase up to a maximum of 3 billion from 2.5 mentioned above after making adjustments to loans in 2014 to 7.82 billion which resulted in the net loss of 5.34 billion in 2014. In 2013, the bank had closed with a loss of 1.43 billion. With the increase from 3 billion the bank aims to exceed the target received by the ECB 10.2% of transitional CET1 in 2015, reaching 11.4% transitional, after repaying the remaining state aid and the coupon paid to the Treasury. The CET1 ratio at the end of 2014 amounted to 8.7% (approximately -220 bp on 31/12/2013 pro forma Basel 3) and the total capital ratio was 13.0% (approximately -210 bp 31/12/2013 compared to pro forma Basel 3). At the beginning in 2015 the ratio of core capital fully loaded, considering pro forma the capital increase by 3 billion, would be 9.7%. Initially, the new watch had given a target capital prior to Siena for 2015 of 14.3% which was then scaled down due to the adjustments that the bank has made on budget in 2014. The new target capital is now final, clarified the CFO of the bank Bernardo Mingrone. The adjustments made in 2014, have covered the entire loan portfolio of 129 billion and are attributable to the criteria AQR for about 6 billion, a figure that did levitate the total to 7.821 billion. More …
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