MILAN — An Italian court convicted 13 former bankers from Deutsche Bank, Nomura and Monte dei Paschi di Siena on Friday over derivative transactions that prosecutors say helped the world’s oldest bank conceal huge losses.

The verdict, read in court by the lead judge, Lorella Trovato, also ordered the seizure of 64 million euros, about $70.5 million, from Deutsche Bank and 88 million euros from Nomura as part of the sentence.

Monte dei Paschi reached a settlement of 10.6 million euros with the court in 2016.

The case centers on two controversial derivatives deals, known as Alexandria and Santorini, that Nomura and Deutsche Bank arranged for Monte dei Paschi in 2009.

Prosecutors said the deals helped Monte dei Paschi, which was founded in 1472 and is Italy’s fourth biggest lender, hide more than 2 billion euros of losses it racked up after the costly acquisition of a smaller rival in 2008.

“We are disappointed with the verdict. We will review the rationale for it once it is published,” Deutsche Bank said in a statement. Nomura had no immediate comment.

The scandal, together with more losses suffered by the bank during the eurozone debt crisis, threatened to destabilize Italy’s financial industry and forced the Siena-based lender to seek an 8 billion euro state bailout in 2017.

In the trial, which started in Milan in December 2016 and took 100 hearings to complete, the three banks and 13 defendants faced allegations of false accounting and market manipulation between 2008 and 2012. Monte dei Paschi and its former top managers were also accused of misleading regulators.

All defendants have always denied wrongdoing. None of them will serve time in prison until the lengthy appeals process is exhausted.

Monte dei Paschi’s former chairman Giuseppe Mussari, one of five former executives from the Tuscan bank on trial, was given the heaviest prison sentence of seven years and six months.

Deutsche Bank and Nomura were both convicted as institutions for failing to prevent wrongdoing by their employees. All six defendants linked to Deutsche Bank and the two who once worked for Nomura were given prison terms.

They include sentences of four years and eight months each for Ivor Dunbar, former co-head of global capital markets at the German bank; Michele Faissola, its former head of global rates; and Michele Foresti, its former head of structured trading.

Nomura’s former chief executive for the Europe, Middle East and Africa region, Sadeq Sayeed, was also given a sentence of four years and eight months, while Raffaele Ricci, the former head of the Europe, Middle East and Africa sales, received a lighter sentence.

Lawyers for the defendants said they expected to appeal the verdict once the full ruling is released.

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