• Most of bank’s government bond portfolio covered by Interest rate swaps, which was hit by the euribor fall
  • Repo deals under review we probably made to conceal losses, also linked to other operations and spread losses over time
  • Believes 3 structured trades under review had nothing to do with Antonveneto
  • No evidence of any possible bribe linked to the Antonveneto deal
  • Request of Euro 3.9 bln is state aid won’t be raised in the light of recent events

Reuters reporting