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Mps: Franco, if it remains autonomous, there are strong risks and uncertainties

2021-08-04T19:31:39.806Z


The European stress tests have highlighted for Mps "the need for a high-scale structural strengthening" with a capital increase well above that envisaged by the industrial plan ". (ANSA)


(ANSA) - ROME, AUGUST 04 - The European stress tests have highlighted for Mps "the need for a high-scale structural strengthening" with a capital increase far greater than that envisaged in the industrial plan ". This was stated by the Minister of Economy Daniele Franco at the hearing of the Finance Commissions of the Chamber and Senate.


    "If the bank were to remain an independent entity, it would be exposed to considerable risks and uncertainties and would have serious problems" - added Franco - and "the conditions for a dialogue" with the European Union are not recognized to change the conditions that provide for the sale by the Mef. The minister has assured that "it will not be a sale" and noted that with Unicrtedit "The assets excluded, to date, are identified in non-performing loans for about four billion gross of adjustments", Franco said, in addition to the outstanding judicial and extrajudicial litigation, in disputes and risks associated with the transfer of impaired loans to third parties (ANSA).


Source: ansa

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