Giovedì, 20 Settembre 2018
SIENA

MPS foundation's new chief says bank in 'serious' plight

English
© ANSA

Siena, September 13 - The new chief of the
foundation that controls the troubled Banca Monte dei Paschi di
Siena (MPS) bank described the lender's situation as "serious"
on Friday.
The bank is at the centre of criminal probes after it
emerged early this year that a previously undisclosed series of
derivative and structured-finance deals produced losses of
around 720 million euros.
It has also be hit by massive losses on top of those and
political furore over the previous Italian government's
3.9-billion-euro bailout plan to cover its capital needs, which
threatens the bank with State control should it default.
"The moment is serious and we cannot joke about it," said
Antonella Mansi, the new head of MPS-controlling foundation.
"We are all very motivated and understand the difficulties
we will need to face and the complexity of the current
situation".
Mansi, a 39-year old Tuscan manager whose family owns a
chemicals company, was appointed as chairman of the foundation
earlier this year.
Mansi was speaking at the end of a management meeting in
which Giorgio Olivato was appointed as Deputy Chairman Friday.

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