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Mps bucking the trend at Piazza Affari

The collapse of Rocca Salimbeni (-4% in mid-morning) was determined by the words of the president Alessandro Profumo, who leaked the possibility of already accounting in the fourth quarter of this year all the provisions that emerged during the analysis of the financial statements of the ECB, or asset quality review (Aqr).

Mps bucking the trend at Piazza Affari

Mps in sharp contrast to Piazza Affari: while the Ftse Mib gains 1,2%, in mid-morning the Tuscan bank's share loses more than 4% 0,4781 euro. The capitalization of Mps has now reached 2,4 billion, a level lower than the capital strengthening that will be carried out in 2015 and equal to 2,5 billion euros.

The collapse of Rocca Salimbeni was determined by the words of the president Alessandro Profumo, who in a meeting with the foreign press, leaked the possibility of already accounting in the fourth quarter of this year all the provisions that emerged during the analysis of the financial statements of the ECB, or asset quality review (Aqr). Equita Sim analysts estimate that these are around 3 billion.

In 2015 Mps will then have to launch a new capital increase of 2,5 billion, after the 5 billion one carried out last June. CEO Fabrizio Viola declared that the operation will be carried out in March or May, i.e. right around the time of the April assembly called not only to approve the 2014 budget, but also to renew the institute's top management. 

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