The share price of Monte dei
Paschi di Siena (MPS) rose in early trading on Monday despite
troubled Italian bank failing a European stress test on Friday.
The lender has won backing for a new relaunch plan
featuring a five-billion-euro capital increase, its third cash
call in two years.
It said will raise the money privately, without State aid.
MPS was the only one of the five Italian banks subjected
to the latest round of stress tests to fail.
But it was also the worst off of the 51 European banks
tested.
The banks share price was 6.1% at 0.32 euros at one point
on Monday, although the gains subsequently dropped back to
3.11%.
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