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Monte Paschi to take 6 bln euros of new ECB loans - CFO
August 7, 2014 / 5:41 PM / 3 years ago

Monte Paschi to take 6 bln euros of new ECB loans - CFO

MILAN, Aug 7 (Reuters) - Italian lender Banca Monte dei Paschi di Siena plans to take 6 billion euros of the European Central Bank’s new long-term loans, its chief financial officer Bernardo Mingrone said on Thursday.

Mingrone said these funds would be used to reimburse loans the bank had previously taken from the ECB. (Reporting by Silvia Aloisi)

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