Italy's Monte Paschi mulling capital hike but not state aid

GMT 00:22 2014 Monday ,03 November

Arab Today, arab today Italy's Monte Paschi mulling capital hike but not state aid

Monte dei Paschi di Siena
Rome - AFP

Italy's third biggest bank Monte dei Paschi di Siena said Sunday it was considering a capital hike after failing a financial health check by the European Central Bank, but that state aid was not being considered.
The bank said it is in discussions with authorities over the planned hike and that it is examining the option of covering "the entire capital shortfall through a capital increase".
Other options it is considering include the sale of certain assets to improve its finances, it said.
The bank's directors are due to discuss these plans on Wednesday before announcing its decision on November 10.
Monte dei Paschi di Siena, Italy's third biggest by the number of branches, was among a handful of financial institutions that failed the ECB's audit published last week.
The financial health check, the most comprehensive and most stringent of eurozone banks, is aimed at preventing a repeat of the crisis that nearly led to the euro's collapse.


Arab Today, arab today
Arab Today, arab today
arabtoday arabtoday arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabs, Arab, Arab