BMPS the worst per­former in EU bank stress test

The Myanmar Times - - International Business -

Italy’s Banca Monte dei Paschi di Siena (BMPS) came a dis­tant last in EU bank stress test re­sults as the world’s old­est bank an­nounced sweep­ing re­forms in a bid to stay afloat. Un­der the Euro­pean Bank­ing Author­ity’s eco­nomic shock scenario, BMPS would suf­fer a 14.23 per­cent plunge in its core cap­i­tal ra­tio – a mea­sure of sta­bil­ity – by 2018.

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