Mps, the State will have 70% “after the escape of the customers” – the Newspaper

Right, makes a point: “In no circumstance, the deposits of our customers were never at risk”. Yet, the flee-flee from current accounts, there was indeed: the output stream “was very important” at the beginning of December, but the phenomenon “is completely shut down in the last few days of the year and the first of January,” admits the president of the Mps, Alessandro Falciai, in front of the Finance committees of both the house and Senate. Hemorrhage stop, probably due to the elimination of those elements of uncertainty that weighed on the future of the institute. Starting from the composition of the shareholder base. “The State will have about 70%” of the capital, precise, once converted into shares, some 4 billion euros of bonds. An important junction that will tie the institute senese in the Bag, even if “I cannot say,” when will end the suspension of the title. “The rest will be taken by the State, which throug h this mechanism of conversion at the end will invest about 6 billion”, while two billion will be the responsibility of the institutional. The intervention of nationalization, which could be accelerated, by clearing the field from the questions raised when the outlook was for a private solution? “It was our moral duty, before you can ask for a single euro to the State and to the taxpayers, to try to bring all the operations of the market,” he said Falciai.

” of Course, problems remain, and relate in the first instance, the sale of the 27 billion of the sufferings that weigh on the accounts. Marco Morelli, of the Mount, has explained during the hearing, to proceed with a sale in a block, a theme that will be the focus of the board today. “We want to get rid of that as quickly as possible”, but the timing

will inevitably be conditioned by the outcome of the negotiation with the european Commission. Mr. Morelli clarified that in the first days of February should be the contact with the supervisory authorities in the Italian and european industrial. And, in any case, the Mount does not intend to overturn the system of the restructuring already approved by Brussels, that following the signing of the Monti Bonds, which is expected to transition from 2 thousand to 1,500 branches and the reduction of 2,450 workers. The plan has placed various posts in the bank. “For example – it has specified Falciai – t he total asset of the bank prior to restructuring were 240 billion, today we are at 160 billion, and the balance sheet of the bank has dried up to 30%, almost one-third. We would like this to be the reference point for the negotiation.”

On his future, Morelli explains, “we are absolutely ready to make any judgment” on the management, saying that he was willing to stay even with a strong reduction in salary. The same availability from Falciai: “my mandate is at the disposal of the shareholder, once you have made the plan you will choose the best people to carry it out”.

KING,