Banca Monte dei Paschi di Siena SpA (Monte Paschi), the world's oldest bank and Milan's third largest bank, has reported higher levels of capital, boosted by a derivatives deal with Nomura Holdings Inc. Monte Paschi bank has said that its common equity Tier-1 ratio (CET1) is up at 11.7% by the end of September from 10.7% in June. The markets have responded positively as the share price rose 1.5% to €1.65 in Italy trading, giving the bank a market value of around €4.8bn.
Banca Monte dei Paschi di Siena SpA (Monte Paschi), the world's oldest bank and Italy's third largest bank, has reported higher levels of capital, boosted by a derivatives deal with Nomura Holdings Inc. Monte Paschi bank has said that its common equity Tier-1 ratio (CET1) is up at 11.7% by the end of September from 10.7% in June. The markets have responded positively as the share price rose 1.5% to €1.65 in Milan trading, giving the bank a market value of around €4.8bn.