Shareholders' meeting of Banca Monte dei Paschi di Siena
Siena, 12 April 2018 – The Ordinary Shareholders' Meeting of Banca Monte dei Paschi di Siena, held today under the chairmanship of Stefania Bariatti, has approved the separate and consolidated financial statements as at 31 December 2017.
The Group closed 2017 with a consolidated net loss for the year of Euro 3.5 billion, having been impacted, among other things, by approximately Euro 4 billion in non-recurring provisions relating to the disposal by means of securitisation of a set of exposures classified as non-performing (sofferenze).
Regarding capital ratios, the Common Equity Tier 1 Ratio as at 31 December 2017 stood at 14.8% against 8.2% at the end of 2016, and the Total Capital Ratio was 15% compared with 10.4% registered at the end of December 2016.
The Shareholders' Meeting also ruled the non-admissibility of the action of responsibility by the shareholder Bluebell Partners and others.
The Shareholders' Meeting also approved the remuneration report, as provided for under Article 123-ter of Italian Legislative Decree no. 58 of 24 February 1998 (“the Consolidated Finance Act”), as well as a plan, pursuant to Article 114-bis of the Consolidated Finance Act, involving the use of own shares for the payment of severance to Montepaschi Group personnel, together with the authorisation to dispose of own shares pursuant to Articles 2357 and 2357-ter of the Italian Civil Code.
Pursuant to para. 2, article 154-bis of Legislative Decree no. 58/98, the Financial Reporting Officer, Nicola Massimo Clarelli, declares that the accounting information contained in this press release corresponds to the underlying documentary evidence, books and accounting records.