Financial
Banca MPS: settlement agreement with Deutsche Bank on the Santorini transaction
- Significant reduction in the Bank’s risk profile through downsizing of long-term government bonds portfolio (BTP 6% 2031) by EUR 2 bn
- 25 bps in fully-loaded Basel 3 CET1
- Transaction termination cost lower by approximately EUR 220 mln
- Positive impact on prospective P&L (NII) of EUR 33mln per year as of 2014
- Negative one-off impact of approximately EUR 194 mln after tax on 2013 P&L
- Immediate liquidity injection of EUR 200 mln
