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

BMPS.MI on Milan Stock Exchange

15.08EUR
22 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Monte dei Paschi won't pay divided during 2017-21 plan period - CEO
Wednesday, 5 Jul 2017 06:31am EDT 

July 5 (Reuters) - Italy's Monte Dei Paschi Chief Executive Marco Morelli tells journalist during a press conference in Milan: :does not see dividend in plan period.  Full Article

Quaestio, Cerved sign accord for partnership related to Monte Paschi bad debt
Wednesday, 5 Jul 2017 06:22am EDT 

July 5 (Reuters) - Quaestio, the manager of Italian bank rescue fund Atlante II, and Cerved say in a joint statement::have signed exclusivity accord for industrial partnership in special servicing activities .agreement also envisages the joint acquisition of the credit servicing platform of Monte dei Paschi for which Quaestio has entered into exclusive negotiations with the bank.  Full Article

Generali to have "important" presence in Monte dei Paschi after bond conversion - MPS CEO
Wednesday, 5 Jul 2017 06:04am EDT 

July 5 (Reuters) - Banca Monte Dei Paschi Di Siena CEO Marco Morelli tells journalists during a press conference: :insurer Generali will have "important" presence in bank after bond conversion.sees relisting of bank's shares "ideally" in second half of September.  Full Article

Italy to buy Monte Paschi shares at 25 pct discount to bond conversion price
Wednesday, 5 Jul 2017 04:20am EDT 

July 5 (Reuters) - Banca Monte Dei Paschi Di Siena: :executive confirms state will buy bank shares at 25 percent discount to the price used for conversion of subordinated bonds.CEO Marco Morelli says Italian market regulator Consob will reassess relisting of shares when bank's prospectus on exchange offer is finalised by end of September.  Full Article

Monte dei Paschi CEO says no mergers planned, "no plan B on the table"
Wednesday, 5 Jul 2017 03:36am EDT 

July 5 (Reuters) - Banca Monte Dei Paschi Di Siena CEO Marco Morelli tells analysts in a conference call: :there are no mergers planned, there is no plan B on the table.the lender said on Wednesday it expected to report a net profit of more than 1.2 billion euros ($1.4 billion) in 2021 as part of its restructuring plan approved by the European Commission.nI6N1JJ012.  Full Article

Italian bank rescue fund signs deal for securitisation of Monte Paschi bad loans
Wednesday, 5 Jul 2017 02:22am EDT 

July 5 (Reuters) - Quaestio, the manager of Italian bank rescue fund Atlante II, says: :has signed binding deal with Monte dei Paschi for securitisation of bad loans worth 26.1 billion euros.  Full Article

Italian govt to take 70 pct of Monte dei Paschi
Tuesday, 4 Jul 2017 11:22am EDT 

July 4 (Reuters) - Banca Monte dei Paschi Di Siena Spa :Italian treasury minister Pier Carlo Padoan says state will have 70 pct of Monte dei Paschi as a result of bailout.Monte dei Paschi CEO Marco Morelli says plan envisages no forced layoffs.Italy's Padoan says state will directly underwrite 3.9 billion euros of total 5.4 billion euros of state money injected into Monte dei Paschi.Padoan says Monte dei Paschi bad debts will be eliminated by the first half of 2018.Monte dei Paschi chairman says bailout plan runs to 2021 with the state exiting by that date.Italy treasury official says overall amount needed to fix Monte dei Paschi totals 8.1 bln euros vs previous estimate of 8.8 bln euros.  Full Article

Pop Vicenza CEO says funds from private equity for Veneto banks an option
Thursday, 1 Jun 2017 05:51am EDT 

June 1 (Reuters) - Banca Popolare di Vincenza Chief Executive Fabrizio Viola says::Sees more room for manoeuvre for Veneto banks talks after Monte dei Paschi deal with EU.the injection of funds by private equity firms into the two Veneto-based banks is "an option".  Full Article

Monte Paschi CEO says close to deal with EU over restructuring plan
Wednesday, 31 May 2017 06:18am EDT 

May 31 (Reuters) - Banca Monte dei Paschi di Siena: :Chief Executive Marco Morelli says confident he is close to an agreement with European authorities over bank's restructuring plan.EU nod to restructuring plan will pave way for state bailout..  Full Article

EU's Vestager says rescue talks over Veneto banks not easy - paper
Thursday, 18 May 2017 02:09am EDT 

May 18 (Reuters) - EU Competition Commissioner Margrethe Vestager tells La Stampa daily in an interview::Rescue talks over Italy's Popolare di Vicenza, Veneto Banca are not very advanced but we have agreed a plan of action with all parties involved.We are moving ahead as everyone has a constructive approach but it's not easy .Making progress on Monte dei Paschi's restructuring plan, there is a "good discussion" ongoing over how to ensure bank is profitable and we are working "very well" with Italian authorities..Cutting staff to reduce costs is inevitable, it is always "very, very painful" for people and communities involved.  Full Article

Fitch Maintains BMPS's 'BBB' OBG on Rating Watch Evolving

(The following statement was released by the rating agency) MILAN/LONDON, July 14 (Fitch) Fitch Ratings is maintaining Banca Monte dei Paschi di Siena SpA's (BMPS, B-/RWE/B/RWN) mortgage covered bonds (Obbligazioni Bancarie Garantite, OBG) - rated 'BBB' - on Rating Watch Evolving (RWE). The OBG are guaranteed by MPS Covered Bond S.r.l.. The OBG was first placed on RWE when BMPS's Long-Term Issuer Default Rating (IDR) of 'B-' was placed on the same watch (see "Fitch Places Banca Monte dei Paschi