Nov 29

“The bank asked for management’s commitment (to raise capital)

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cheap canada goose Monte dei Paschi, seen as a prime Italian candidate to boost capital, is committed to all measures to pay back 1.9 billion euros ($2.7 billion) in government crisis fighting aid, general manager Antonio Vigni said on Tuesday.Italy’s No.3 retail lender by market value could pay back the government bond ahead of the 2013 deadline if a capital hike were carried out, Canada Goose Sale he told analysts on a conference call about 2010 results that beat forecasts.”Within this path we will continue the capital management moves to reimburse the Tremonti bond ahead of time,” Vigni said. The bond is named for Italian Economy Minister Giulio Tremonti.Vigni sidestepped repeated questions about details of a capital increase and its possible timing.”The bank asked for management’s commitment (to raise capital) and the numbers are those we’ve achieved,” Vigni said.Monte dei Paschi, the world’s oldest bank, barely cleared a European health check last year. It was the single biggest recipient of government aid during the financial crisis.Elena Perini, an analyst at Centrobanca in Milan, said the lack of capital increase news was not a surprise. cheap canada goose

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