ECB’s Estimated Capital for Monte dei Paschi Significantly Higher Versus Bank of Italy’s EvaluationStock market analytics, financial forecasts
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ECB’s Estimated Capital for Monte dei Paschi Significantly Higher Versus Bank of Italy’s Evaluation

December, 30 2016
watermark Economic news

The European central bank’s capital decision of 8.8 billion euro was criticized after the Bank of Italy had a different estimate which is significantly lower compared with the ECB. However, the treasury imposed 6.6 billion euros ($6.92 billion) for the allotted cost of  Banca Monte dei Paschi di Siena’s state rescue.

According to the ECB, the €4.6bn is allocated for the immediate expenses of the state, while the €2bn is kept for the retail investor’s compensation and the remaining €2.2bn is intended for “other entities”.


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