Factbox: Banks still needing to find cash after ECB review

Hellenic Bank Pcl

29/10/2014 17:54

LONDON, Oct 29 (Reuters) - Monte dei Paschi  BMPS.MI  
(Italy) 
    ECB SAYS:  
    * Shortfall under adverse scenario: 4.25 billion euros 
    * less net common equity tier 1 (CET1) raised in 2014: 2.138 
billion euros  
    * plus fines/litigation in Jan-Sept 2014: 63 million euros 
    * Net shortfall after recognised measures: 2.174 billion 
eurosBANK SAYS:  
    * Has hired Citi and UBS to devise a capital plan  
    * All options on the table, including merger, delaying state 
aid repayment   
    * No further financial details given        
                     
 
Banca Carige CRGI.MI  (Italy) 
    ECB SAYS:  
    * Shortfall under adverse scenario: 1.835 billion euros 
    * Net shortfall after recognised measures: 814 million euros 
 
     
    BANK SAYS:  
    Mediobanca has agreed to underwrite a capital raising of up 
to 650 million euros 
    Has sold insurance units to U.S. private equity firm Apollo, 
says sale cuts shortfall by 100 mln euros  ID:nL5N0SO2WR  
    Will also sell private banking and consumer lending units   
 
     
Permanent TSB  IPM.I  (Ireland)  
    ECB SAYS:      
    * Shortfall under adverse scenario: 855 million euros 
    * plus fines/litigation in Jan-Sept 2014: 1 million euros 
    * Net shortfall after recognised measures: 856 million 
euros    BANK SAYS: 
    * Can cover 400 million euros of shortfall by turning a 
contingent convertible state loan into equity  
    * Can meet another 300 million euros through asset sales, 
earnings and technical items 
    * Outstanding capital shortfall is around 150 million euros  
    * Davy and Deutsche Bank appointed to advise on capital hike 
 
Hellenic Bank  HBNK.CY  (Cyprus) 
    ECB SAYS:  
    * Shortfall under adverse scenario: 277 million euros 
    * less common equity tier 1 from converting instruments in 
2014: 101 million euros 
    * Net shortfall after recognised measures: 176 million euros 
BANK SAYS:  
    * Capital measures totalling 71 million euros already taken 
    * Net shortfall 105 million euros  
 
 
 (Reporting By Laura Noonan, with additional reporting by Silvia 
Aloisi in Milan and Padraic Halpin in Dublin; Editing by 
Alexander Smith and Greg Mahlich) 
 ((laura.noonan@thomsonreuters.com; 44 207 542 8793; Reuters 
Messaging: laura.noonan.thomsonreuters.com@reuters.net)) 
 
Keywords: EU BANKS/