Mps and Amco, go-ahead for bad bank – Last Hour

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(ANSA) – ROME, JUNE 29 – Mps and Amco have approved the
‘bad bank’ project: “the partial spin-off will not
proportional with asymmetric option by Mps in favor
by Amco of a compendium made up of impaired loans,
tax assets, other assets, financial debt, other
liabilities and equity “. With over 8 billion between
sufferings and UTP, its risk profile falls below the
average of Italian banks and especially below the threshold
requested by the European Authority (Eba): with the Gross NPE ratio
going from 12.4% to 4.3%.

When the ECB issues the authorization for the operation between
Mps and Amco, the demerger plan will pass to the vote of the
extraordinary assemblies of the two groups called to deliberate
by September, on the assumption that they have elapsed
at least thirty days from the release of the Bank’s free route
Central and with the aim of entering into the demerger deed
by November 15, for the split to be effective
from 1 December 2020. (ANSA).

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