Italy's Banca Monte dei Paschi di Siena (BMPS), which was bailed out in 2017, on Friday announced a net loss of 1.03 billion euros ($1.13 billion) in 2019. The world's oldest bank said that because of a change in treatment on certain assets, it had incurred an extra 1.2 billion in taxes. The result is in line with the consensus analyst forecast of a loss of 1.06 billion euros, Factset Estimates said. Founded in Siena in 1472, BMPS has been in deep trouble since the eurozone debt crisis and is now majority-owned by the Italian state. The bank has benefitted from an EU-approved bailout of 5.4 billion euros of public money and is undergoing heavy restructuring measures. The bank lost 3.5 billion euros in 2017 but after it began to restructure its operations it turned a profit of 278.6 million euros in 2018. The bank said however that its Common Equity Tier 1 Ratio, a measure of a bank's ability to handle crises, was 14.7 percent at the end of 2019, up from 13.7 percent at the end of 2018. cco/cjo/rl