February 9, 2018 / 6:15 PM / 16 days ago

BRIEF-Monte Dei Paschi sees 1.2 bln euro IFRS9 first-time adoption impact

Feb 9 (Reuters) - Monte dei Paschi di Siena:

* CFO SAYS SEES 1.2 BILLION EURO IMPACT FROM FIRST TIME ADOPTION OF IFRS9 AS OF JAN. 1 2018, CET1 IMPACT TO BE SPREAD OVER 5 YRS

* EXPECTED HIT FROM 2.6 BILLION EUROS OF BAD LOAN SALES PLANNED FOR 2018 INCLUDED IN IFRS9 FIRST-TIME ADOPTION IMPACT - SLIDE Further company coverage: (Reporting by Milan Newsroom)

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