The Tuscan bank, the world's oldest still in business, has for years been at the forefront of Italy's slow-brewing banking crisis, burdened by bad loans and a mismanagement scandal.

Last month, Italy published a decree authorising a state recapitalisation of Monte dei Paschi di Siena, formally bringing the 8 billion euros rescue of Italy's fourth-biggest bank into effect.

Monte dei Paschi, which is due to publish results on Aug. 11, was not immediately available for comment.

(This story corrects day of the week in first paragraph to Tuesday, not Monday.)

(Reporting by Maria Sheahan; Additional reporting by Francesca Landini; Editing by David Holmes)