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Monte Paschi set to postpone release of first-half results pending state bailout - sources

Published 25/07/2017, 16:58
© Reuters. FILE PHOTO: People use a cash machine of Monte Dei Paschi bank in Florence
BMPS
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MILAN (Reuters) - Italy's fourth biggest bank Monte dei Paschi di Siena (MI:BMPS) will delay the release of first-half results, originally scheduled for July 28, as it awaits a state bailout, two sources close to the matter said on Tuesday.

© Reuters. FILE PHOTO: People use a cash machine of Monte Dei Paschi bank in Florence

The recapitalisation with 5.4 billion euros of public money - part of a plan to plug an 8.1 billion euro capital gap - is expected to take place in early August, the sources said.

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