Thursday, July 7, 2016

Mps, Viola: ECB approved in response, we work on permanent solution Npl – Il Sole 24 Ore

“We have shared and approved our response to the draft letter that the ECB has anticipated us in recent days. As per agreements we are now waiting to receive a letter from the ECB in the final version. We therefore believe it is right and proper to give disclosure of the contents of the letter of the ECB and those of our position only when this exchange has ended. ”



Mps, near the dual market solution

This is what explains the CEO of MPS, Fabrizio Viola, at the end of the board, adding: “We are working intensively with the Authority to identify in the short term a structural and permanent solution of the npl, all this in a context in which, even in the second quarter, the performance from operations and asset / financial performance of the bank are positive, confirming the trend seen in the first quarter. With determination and enhanced capabilities demonstrated over the past four years, our banks, our people are working with more intensity and vigor to overcome this moment and once again being able to attest to our credibility and reciprocate the trust that more than 5 millions of customers have never ceased to manifest. “



MPS (-5.8%) is back in the eye, the stock market is now worth 777 million

Basically, the bank wants to deal with the situation, getting rid once and for all of a significant portion of that ballast Npl that sees penalized on the market for years. The board of directors of the Monte dei Paschi with the answer on the agenda to be sent to the ECB for the request to accelerate the disposal of non-performing loans has ended in Siena. The answer must be sent by tomorrow, as reported by the bank earlier this week in Frankfurt confirmation letter with the draft Regulatory Decision for the sale of 9.6 billion net NPL by 2018.

Meanwhile, in Siena, as reported by Radiocor Plus Il Sole 24 Ore, is ongoing thematic inspection in May. The inspections have become more frequent in the relevant banks since the Ssm. The team consists of inspectors sent from Frankfurt and a Bank representative in Italy.

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