MPS capital increase 'May or June'

(ANSA) - Rome, February 26 - Troubled Italian bank Monte dei Paschi di Siena will launch its three-billion-euro capital increase plan around late May or June, CEO Fabrizio Viola said Thursday during a hearing at the Senate finance committee. The bank is the world's oldest lender still doing business. It emerged late last year from stress tests by the European Central Bank with the biggest capital shortfall - 2.1 billion euros.