You are here: Home » Reuters » News
Business Standard

Monte dei Paschi chairman says remains optimistic over bailout request

Reuters  |  ROME 

(Reuters) - Paschi's Chairman Alessandro Falciai said on Wednesday he remained optimistic over the outcome of the Italian bank's request for a state recapitalisation needed to fill an 8.8 billion euro capital shortfall.

The European Central Bank's Chief Supervisor Daniele Nouy said on Monday a failure to review the Tuscan bank's assets before stress tests last year was opening up "additional discussions" about the bank's incurred losses, which can be covered only with private money.

Paschi's state aid request needs to be authorised by the European Commission after the ECB has declared the viable and quantified its capital needs.

Asked about Nouy's comments, Falciai told reporters on the sidelines of an event: "I cannot help but being greatly optimistic."

(Reporting by Stefano Bernabei, writing by Valentina Za)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)