Monte Dei Paschi, 10 million to parties and 76 to politicians

Apr 13, 2018 10:51 am

Almost all non-performing

At December 31, 2017, the MPS group “has claims against 13 political parties for a total of 10 million euros, of which 9.7 million are non-performing”, ie impaired and unlikely to be recovered. This is what the bank replies to a question posed by a shareholder at the current meeting in Siena for the approval of the 2017 financial statements.
The group, is added, “boasts credits for a total of 67 million” of which 61 are performing, in respect of “natural persons who occupy or have occupied important public positions as well as their immediate family members or those with whom such persons entertain notoriously close ties “. Of the 9.7 million non-performing loans to parties, 8.2 million are part of the sale and securitization of non-performing loans.

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