In the second quarter of 2017, the MPS group achieved a net loss of 3,1 billion euros. This was announced in a press release by the Sienese bank which today approved the accounts for the first half year. The result, adds the note, is "impacted by approximately 4 billion euro of non-recurring adjustments connected to the transaction of loan assignments of approximately 26 billion, by the write-down of the equity investment in Atlante (-30 million), by 523 million capital gain on the sale of merchant acquiring and 530 million euros for the partial recognition in the balance sheet of deferred tax assets, previously unrecognised".
The bank also announces that it has achieved a "solid capital position after the precautionary recapitalization with a shareholders' equity of 11,3 billion euros and CET1 transitional at 15,4%".
The Fitch rating agency has upgraded the long-term rating of Banca Monte dei Paschi di Siena to 'B' from 'B-' and the individual rating to 'b' from 'c', changing the outlook from 'Rating Watch Evolving' to 'Stable'.
With the entry of the Treasury into the bank's capital, where it will have 52% and then rise to 70%, another story finally begins for Monte dei Paschi.
