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 €750m, though he suggested that this would not show a loss on Monte dei Paschi's balance sheet since some of it had been accounted for. The move is likely to be seen as an attempt by Mr Mingrone and his team at Monte dei Both banks have been at loggerheads over the trade "Alexandria", which was allegedly used to hide losses at both companies.