Aug 6 (Reuters) - Banca Monte Dei Paschi Di Siena Spa Cfo Bernardo Mingrone: * Closing Alexandria derivative trade with Nomura as of today would cost Monte dei Paschi 750 million euros * Says that cost does not mean balance sheet of the bank would show a loss of 750 mln euros as some factors are already accounted for Further company coverage:
Monte dei Paschi 's CFO , Bernardo Mingrone , has announced that closing the Alexandria derivative trade with Nomura will cost the bank € 750 m , though he suggested that this would not show a profit on Monte dei ##mura 's balance sheet since some of it had been accounted for . The bank , which had a € ##500 ( $ 5.3bn ) net exposure to debt , has been reducing its assets so as to be within regulatory limits , as required by the European Central Bank . Both analysts have been at loggerheads over the phrase " Alexandria " , which was allegedly used to hide losses at both companies .