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BRIEF-Monte dei Paschi says in case of "state aid" conversion conditions could be worse
December 16, 2016 / 8:19 AM / a year ago

BRIEF-Monte dei Paschi says in case of "state aid" conversion conditions could be worse

Dec 16 (Reuters) - Banca Monte dei Paschi di Siena says:

* in case of state intervention classified as “state aid” the conditions for forced conversion of bonds could be worse than in voluntary offer

* no certainty that the state will intervene in bank’s recapitalisation

* deposits fell by 6 billion euros between Sept. 30 to Dec. 13, of this 2 billion euros since Dec. 4 referendum

* deposits for 2016 could be 3 billion euros below levels expected in plan

* supplementary prospectus issued also on basis of worsening of conditions for bank, especially deposit outflows Further company coverage: (Reporting by Milan newsroom)

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