Edition:
United States

Banca Monte dei Paschi di Siena SpA (BMPS.MI)

BMPS.MI on Milan Stock Exchange

21.02EUR
1 Dec 2016
Change (% chg)

€-0.38 (-1.78%)
Prev Close
€21.40
Open
€21.16
Day's High
€21.60
Day's Low
€20.84
Volume
610,984
Avg. Vol
983,666
52-wk High
€150.00
52-wk Low
€16.15

Latest Key Developments (Source: Significant Developments)

Monte Paschi open to any equity investor if ok with regulator - adviser
Friday, 28 Oct 2016 06:43am EDT 

Mediobanca CEO Alberto Nagel says: any equity contribution to Monte dei Paschi, including a proposal from former industry minister Corrado Passera, is welcome if it is agreeable with the regulatorsMediobanca is adviser for the turnaround plan of Monte Dei Paschi di Siena together with JPMorgan Further company coverage: [BMPS.MI][MDBI.MI] (Reporting by Milan newsroom).  Full Article

Monte dei Paschi shares down in early trade to hit record low
Friday, 7 Oct 2016 03:10am EDT 

Banca Monte Dei Paschi Di Siena: shares fell more than 3.8 percent in early trade to hit record low of 0.1615 euros . at 0709 GMT shares were down 0.18 percent Further company coverage: [BMPS.MI] (Reporting by Milan newsroom).  Full Article

Italy's Atlante II bank fund has raised 1.715 bln euros to date
Monday, 8 Aug 2016 01:31pm EDT 

Quaestio Capital Management, which manages Italian bank rescue fund Atlante, says: Atlante II Fund, set up to invest only in banks' non-performing loans, has raised 1.715 billion euros from Italian financial institutions . The first closing of the fund is seen in September this year when 2.5-3.0 billion euros is expected to be raised . After the first closing, Atlante II will continue to raise funds from Italian and foreign companies with the aim of reaching 3.0-3.5 billion euros by July 31, 2017 . It will be possible to use any funds left over from investments in a first Atlante fund in the Atlante II fund as of July 31, 2017 A source close to the matter says the 1.715 billion euros raised so far by Atlante II includes a contribution from the first Atlante fund. (Reporting by Milan newsroom).  Full Article

UBI CEO says no read-across for sector from Monte Paschi rescue terms
Friday, 5 Aug 2016 10:58am EDT 

UBI Banca CEO Victor Massiah says: impaired loan coverage ratios envisaged by Monte dei Paschi bailout are "very far" from what is applicable to UBI . there has been "too much sector read-across" from Monte dei Paschi's rescue deal Further company coverage: [BMPS.MI] (Reporting by Milan newsroom).  Full Article

BPER to pursue bad loan reduction, but no hurry - CEO
Thursday, 4 Aug 2016 01:57pm EDT 

Popolare Emilia Romagna Chief Executive Alessandro Vandelli tells analyst call: Bank has enough capital to manage bad loan ratios but wants to see how the non-performing loan market evolves before deciding best strategy to pursue NPL reduction . Bank has targets for NPL ratios but no particular pressure in reaching them thanks to its strong capital position . The 40 percent coverage ratio for unlikely-to-pay and past-due loans seen in the rescue deal of Monte dei Paschi di Siena would be "nonsense" for the kind of portfolio that BPER has . New sale of bad loans scheduled for the second half of the year will have little impact on P&L, like previous one . In the process of completing database for new bad loans sales, expects to start process at the end of August . Bank's risk appetite in M&A has not changed due to CET1 ratio increase . Ready to assess opportunities but believes it is important not to take on high risks in M&A . Cost of risk this year to be around 120 basis points Further company coverage: [EMII.MI] (Reporting by Milan Newsroom).  Full Article

France's Axa will not contribute to new Italian bank bailout fund
Wednesday, 3 Aug 2016 05:32am EDT 

French insurer Axa Chief Financial Officer Gerald Harlin says: insurer, which is also a shareholder in Italian bank Monte dei Paschi , will not contribute to new Italian bank bailout fund . "We don't intend to pay into the Atlante (II) fund, just as we did not pay into Atlante I, for the obvious reason that we are shareholders of the bank (Monte dei Paschi) and have participated very extensively in the clean up of the bank." . he does not have any details of Monte dei Paschi's planned 5 billion euro capital hike so far BMPS.MI] (Reporting by Frankfurt newsroom).  Full Article

Moody's says EU banks are broadly resilient to EBA's severe scenario in 2016 stress tests
Sunday, 31 Jul 2016 08:21pm EDT 

Moody's on EU banks: EU banks are broadly resilient to EBA's severe scenario in 2016 stress tests . Prove to be resilient under adverse conditions, marking a significant improvement upon the results of the EBA's test in 2014 . "The majority of European Union banks have robust capital levels in the adverse scenario" .The 51 banks participating in the 2016 test display greater resilience to stressed conditions than the 2014 group.  Full Article

Monte dei Paschi CEO: plan sponsored by UBS, Passera had not been presented to ECB
Friday, 29 Jul 2016 04:45pm EDT 

Banca Monte Dei Paschi Di Siena CEO Fabrizio Viola says: To his knowledge, alternative rescue plan presented by UBS, former Industry Minister Corrado Passera had not been submitted to ECB . Given tight deadline, best decision board could take was to back original bailout plan Further company coverage: [BMPS.MI] (Reporting by Milan newsroom).  Full Article

Monte Paschi CEO says will see if can reduce size of cap hike
Friday, 29 Jul 2016 04:20pm EDT 

Banca Monte Dei Paschi Di Siena Spa CEO Fabrizio Viola: says will see in next few months if actions can be put in place to reduce size of capital increase . Bank's general counsel Riccardo Quagliana says underwriting agreement for cash call does not include clauses linked to domestic political risk, constitutional referendum Further company coverage: [BMPS.MI] (Reporting by Milan newsroom).  Full Article

Monte dei Paschi di Siena says Q2 net profit 209 mln euros
Friday, 29 Jul 2016 02:30pm EDT 

Monte Dei Paschi Di Siena says: Transitional CET 1 Ratio 12.1 percent at end-June vs 11.7 pct end-March . Q2 net profit 208.8 million euros versus analyst consensus for loss of around 50 million euros . Loan loss provisions 718 million euros in H1 .Gross impaired loans fell by 1.5 bln euros from end-2015 to 45 billion euros.  Full Article

Italy econ min says Monte Paschi recapitalisation plan works

ROME, Nov 25 A 5 billion euro ($5.3 billion) recapitalisation plan to keep Banca Monte dei Paschi di Siena (MPS) in business will work, Italian Economy Minister Pier Carlo Padoan said on Friday.