In the black list of the big debtors in arrears that have brought down the Mps bringing it to combine 47 billion of loans sick, there are great names of Italy that counts. From the great entrepreneurs, real estate agents, to the system of the coop red to the jungle of companies public of Tuscany. The parterre is ecumenical at the political level. the Centre-left, Centre-right equivalent. Of the rest for a bank guided for decades by a Foundation, the expression of the policy, it was almost natural for the weapon of the credit as a tool of consent and exchange.
Siena and those 18 billion value of the burned
Between the protagonists leading the most emblematic, as he rebuilt The Sole24Ore, the figure definitely family De Benedetti and to Sorgenia. Iconic for size and for that role that is unnatural that has played Mps. The Plant is in debt by 1.8 billion with the banking system. The only Mps, who knows how, it is loaded as much as a third of that burden. Six hundred million were reserved for only the institute siena who has made the effort more significant than the pool of 15 banks that had financed the electricity company over with his legs in the air. The De Benedetti understood the antiphon of the irreversible crisis were not made available to recapitalise as required of the banks. At the end of the “pack” Sorgenia is finished everything in the hands of the banks that have converted to credit exposure in shares. And Mps is now a shareholder in the New Plant with the 17% of the share capital. Back the credit sooner or later, you will need to restructure th e company and sell it. Today the Plant is among the problem loans of the Mps. Not only that, in 2015, the bank has devalued the titles Sorgenia for € 36 million.
the financial Projections provided by the industrial plan 2016-2019. Data in million euro (Source: Mps)
But the Mps for years carries with it (along with other banks) and also the trust given to Luigi Zunino. The former real rampant cumulò debt with the banking system for 3 billion. Still, his ex-Remediation is not to have complied with the Mps which has always in 2015, devalued securities in the portfolio to 11.6 million. Among the great-performing loans of Siena here is also another prominent name.
Gianni Punzo shareholder of the weight of Ntv and the owner and creator of the interporto of Nola, the great logistical infrastructure of the south. From time to time, Cisfi, the financial that is on top of the complex grid company is in trouble for the huge debt burden. Also here the banks of the Mps in the head, have converted part of the loans into shares. Mps is now the first member of the Cisfi above 7% (with Punzo 6.1%).
Cisfi Spa that acknowledges the crisis of the interporto of Nola is a substandard for the Mps that has securities in a pledge written down, they, too, to 11 million at the end of 2015. And yet the former bank of Mussari still needs to digest the disaster of the BTp, the general contractor of the firm Bartolomei-Fusi, who had Verdini a big sponsor, that is the protagonist of the judicial chronicles recent economic.
From the failure of the contractor of the great works of the tuscan is reborn, the Phoenix Holding. Even here the Mps if it is found in the portfolio under the loans are not repaid. Among the real estate agents how not to cite the Statute that has seen seized the Danieli in Venice on which Mps (with others) had substantial funding.
Banks, transparency and the duty of truth
And there is the chapter bitter Impreme of the family of builders the romans Mezzaroma who have brought their troubles in the house Mps., And then the residual in the balance sheet since 2007, the disastrous real estate project aborted of Casalboccone in Rome legacy of the Ligresti which sees Mps shareholder (in exchange for unpaid debts) with the 22% of the share capital. chapter Coop sees Mps the protagonist of the restructuring of the debt of Unieco.
Between the cases of real estate, there is the financing of some of the funds gone in default: as a vehicle operated by Cordea Savills), financed with excessive leverage by Mps, that had in the portfolio, ex-real estate fund of pensioners Comit. But Mps has funded some of the funds of East Capital, the company ended up in liquidation which managed the project of the Lido of Venice.
And finally there is the chapter of the participate in public. the Mps is inguaiata with pledges or securities in Scarlino Energy; Fidi Toscana; Reclamation of Arezzo; Siena Airport, and even the thermal baths of Chianciano Terme. The bank is forced to become the entrepreneur of a company in crisis when he just had to make the bank.
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