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Stock market, Mps loses more than 3% after the accounts

At the opening, the stock first fails to make money then goes deep in the red – The losses of over 5 billion in 2014 and the increase in the capital increase up to 3 billion euro weigh heavily

Stock market, Mps loses more than 3% after the accounts

After the announcement of the preliminary results for 2014 made yesterday evening after the markets were closed on Mps title pays duty this morning in Piazza Affari and loses 3,29% at 9,45.

THEfinancial year of 2014 closed with one net loss of 5,34 billion euros, against a loss of 1,4 billion in 2013. Furthermore, the Sienese institute communicated the need to raise the cap on the capital increase going from the initial 2,5 billion up to a maximum of three billion. Rocca Salimbeni explains that this increase was requested after the negative outcome of the tests by the European Central Bank.

THEad of Monte dei Paschi Fabrizio Viola he indicated that the capital increase will be carried out in the second quarter of this year and will be concomitant with the sale of some assets, measures necessary to comply with the capital plan presented to the ECB.

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