June 6, 2014 / 11:57 AM / 4 years ago

Monte Paschi says may need extra capital if extra loan charges needed

ROME, June 6 (Reuters) - Banca Monte dei Paschi di Siena warned on Friday it may need further capital strengthening measures if a ECB health check requires the Italian lender to book significant extra loan loss charges, according to the prospectus for its upcoming rights issue.

The bailed-out bank priced its 5 billion-euro rights issue - due to start on Monday - at a big discount on Thursday. The proceeds of the recapitalisation will help Monte Paschi pay back funds it received from the Italian state.

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