If the capital increase is missed, the entire banking system is put at risk. This was stated by the president of Mps Alessandro Profumo, the day after the Board meeting in which, together with the CEO Fabrizio Viola, he confirmed his intention to remain at the helm of the Sienese institute, despite the ongoing controversy with the Foundation, a shareholder of majority of the bank.
"I decided to stay and he with me - said Profumo -, for a very simple reason: if we had gone, the goal of recapitalization and therefore of the full relaunch of the bank, which today remains very difficult, would have become impossible".
Profumo then commented with the warning quoted at the beginning: "if we fail to carry out the capital increase, not only Monte is at risk, but the entire Italian banking system". For the MPS president, the goal is to restart the bank while maintaining its independence from politics.
The decision to postpone the capital increase would cost the bank around 120 million in terms of interest on the Monti bonds, which is why the decision by the MPS Foundation to postpone the operation to May made Profumo turn up his nose, for his part, he asks for stronger help from the Treasury in his work of moral suasion: "I expected greater incisiveness towards the Foundation".
Meanwhile, in mid-morning, the Mps share advanced on the stock market, gaining more than 2% in Piazza Affari.
