Member access

4-Traders Homepage  >  Shares  >  Italian Stock Exchange  >  Banca Monte dei Paschi di Siena SpA    BMPS   IT0001334587

End-of-day quote. End-of-day quote Italian Stock Exchange - 05/05
24.72 EUR   +3.17%
07/22DJSlowing Decline in Italian Lending Offers Glimmer of Hope
07/18DJBank of Italy Slashes 2014 Economic Growth Forecast -- Update
07/17 Bank asset review and litigation costs cast results shadow
SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Banca Monte dei Paschi di Siena SpA : Ordinary shareholders' meeting of BMps approves 2012 results

05/07/2013 | 04:46am US/Eastern
Recommend:
0

The Parent Company's Annual Report as at 31 December 2012 was approved today by the ordinary Shareholders' Meeting of Banca Monte dei Paschi di Siena Spa. A net loss of EUR 3,122,307,528 was posted for the year, with consolidated net losses amounting to EUR 3,170,334,574. The correction of errors, described in the section "Restatement of prior period accounts in compliance with IAS 8 (Accounting policies, changes in accounting estimates and errors)", additionally resulted in negative effects being posted to equity for an amount of EUR 817,673,924.

Shareholders have resolved to cover the loss for the year amounting to EUR 3,122,307,528 and losses for prior years from restatement under IAS 8 amounting to EUR 817,673,924, by drawing:

- EUR 667,175 from the Merger Surplus Reserve (unrestricted portion);
- EUR 1,298,466,138 from the Statutory Reserve;
- EUR 163,793,855 from the Special Reserve under Law no. 218/90;
- EUR 112,315,775 from the Reserve under Legislative Decree no. 185/2008, art. 15, para. 16 et seq.;
- EUR 45,379,016 from the Reserve under Law no. 266/2005;
- EUR 575,027,160 from the Reserve pursuant to art. 19 of Leg. Decree no. 87/92;
- EUR 669,747,765 from the Merger Surplus Reserve (portion restricted under legal reserve requirements);
- EUR 572,054,346 from the Legal Reserve;
- EUR 255,099,524 from the Share Premium Reserve (portion restricted under legal reserve requirements);
- EUR 159,194,641 from the Reserve under art. 6, letter a) of Legislative Decree no. 38/2005 (subject to reconstitution).

Subsequent to the use of the afore-mentioned reserves, the loss carried over amounts to - EUR 88,236,057. As at 31.12.2012, negative reserves under art. 6, para. 1, letter b) of Legislative Decree no. 38/2005 are recognised for an amount of EUR 2,256,616,296.  

The meeting saw the election of Mr. Pietro Giovanni Corsa as Deputy Chairman of the Board of Directors and approval of the Sharehoders' Meeting regulations and Remuneration Report, pursuant to art. 123-ter of the Consolidated Law on Finance.

Shareholders further resolved to take liability action, as proposed by the BoD and brought before the Court of Florence, against former Chairman of the Board of Directors, Mr. Giuseppe Mussari, and former General Manager, Mr. Antonio Vigni, for all damages sustained and to be sustained by the Bank in relation to the transaction entered into with Nomura Int. Plc and against former General Manager, Mr. Antonio Vigni, for all damages sustained and to be sustained by the Bank in relation to the transaction entered into with Deutsche Bank AG.

For further information contact:

Media Relation:
Tel: +39 0577.296634
ufficio.stampa@banca.mps.it

Investor Relations
Tel: +39 0577.293038
investor.relations@banca.mps.it
distributed by
Recommend :
0
React to this article
Latest news on BANCA MONTE DEI PASCHI DI
07/22DJSlowing Decline in Italian Lending Offers Glimmer of Hope
07/18DJBank of Italy Slashes 2014 Economic Growth Forecast -- Update
07/17 Bank asset review and litigation costs cast results shadow
07/14 UniCredit CEO says banks agree on Alitalia debt restructuring
07/14 BANCA MONTE DEI PASCHI DI SIENA : MPS: change in share capital
07/14DJItaly Stocks Fall into Negative Territory, Weighed Down by Banks -- Market Ta..
07/10DJMARKET COMMENT : European Stocks Stumble to Two-Month Low on Portugal Woes
07/10DJEUROPE MARKETS : European Stocks Stumble To 2-month Low On Portugal Woes
07/10DJEUROPE MARKETS : European Stocks Stumble To Two-month Low On Portugal Woes
07/10DJEUROPE MARKETS : European Stocks Stumble To Two-month Low
Advertisement
Chart
Duration : Period :
Banca Monte dei Paschi di  Technical Analysis Chart | BMPS | IT0001334587 | 4-Traders
Income Statement Evolution
Banca Monte dei Paschi di  : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF