ECB approves capital plans by MPS, Carige

Two institutions given nine months to implement

(ANSA) - Rome, December 12 - Supervisors at the European Central Bank on Friday approved plans by troubled Italian lender Monte Paschi di Siena (MPS) and mid-sized Italian banker Banca Carige to make up capital shortfalls.
    The two banks had been singled out in late October by the ECB for capital shortfalls following extensive stress tests by the central bank.
    The banks have up to nine months to fully implement their capital plans.
   

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