MILAN, March 28 Italy's third-biggest lender,
Banca Monte dei Paschi di Siena, reported a
wider-than-expected net loss of 3.17 billion euros in 2012 as it
booked higher bad debt provisions.
The average estimate in a Reuters poll of eight analysts was
for a loss of 2.5 billion euros in 2012, following a 4.7 billion
euro loss in 2011.
The bank, which received a 4 billion euro state bailout last
month, is at the centre of a corruption and fraud probe over
the costly acquisition of smaller rival Antonveneta in 2007 and
losses linked to derivatives trades that were carried out under
its previous management.
(Reporting By Silvia Aloisi, editing by Jennifer Clark)