Italy's third-biggest bank
Monte dei Paschi di Siena (MPS) posted a 3.5 billion euro loss
in 2017, up from 3.2 billion in 2016, the bank said Friday.
Adjustments worth some 5.4 billion euros were put on the
balance sheet in 2017, MPS said.
In the last quarter of last year it posted a loss of 502
million euros due to the sale of its NPL platform.
Economy Minister Pier Carlo Padoan said the bank, which has
been through an expensive turnaround, "will become ever more
vital".
Its management was "working flat out," he added.
ALL RIGHTS RESERVED © Copyright ANSA
