BMPS fails ECB stress test - report (translated)
Banca Monte dei Paschi (BMPS), the listed Italian bank, has failed a stress test launched by the European Central Bank (ECB) , Italian language daily Il Messaggero reported. The unsourced report said that BMPS received the results of the stress test yesterday, 23 October.
The report said that BMPS, which carried out a EUR 5bn capital increase earlier in the year, could sell assets and issue a Tier 1 bond to strengthen its capital. The report added that it is unlikely that another capital increase is an option.
The report said that the BMPS board will meet on Sunday 26 October.
Source Il Messaggero