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Webcast - Banca Monte dei Paschi di Siena's credit profile and outlook

By ReachX Team By ReachX Team

Investment Strategies Fixed Income/Credit EU ex-UK Financial Services

ReachX is glad to invite to you a webinar with Bank Capital Specialist GJ Prasad on Thursday 21st March 2019 at 4 pm to discuss Banca Monte dei Paschi di Siena's credit profile and outlook.

The event is COMPLIMENTARY and targets professional investors 

Click on link below to register :

https://www.reachx.co/insights/gj-prasad/webinar---let-us-talk-monte

Banca Monte dei Paschi di Siena

Background

  • Founded in 1472 and having survived many crises, MONTE is now in critical condition.  
  • Systemic importance increased with 2008 acquisition of Banca Antonveneta
  • Lost market access to funding and capital raising leading to multiple bailouts by the Italian Government
     

Highlights

  • Italy’s 4th largest commercial bank by assets with a focus on retail / SME lending.
  • Considered a domestically important financial institution
  • Stock declined more than 60% in the last year on worries of potential additional capital injection requirement.
  • Market capitalisation is around EUR 1.5 billion (P/TNAV of 0.2 times).
  • Government owns 68.2% stake having invested EUR 8.3 equity capital 
  • Undergoing radical restructuring dictated by agreement with European Commission
  • Overall very weak credit profile reflecting low profitability and poor asset quality.

Date

21 Mar 2019
from 16:00 to 17:00
Europe/London

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ReachX
1-15 Clere Street, EC2A 4UY
London, United Kingdom

info@reachx.co
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