Monte dei Paschi di Siena (MPS) closed
the first quarter of the year with a profit of 413 million
euros, up 24.2% compared to the same period of 2024 and higher
than the consensus of analysts, which stood at 341 million, the
Siena-based world's oldest bank said Friday.
The fully loaded Cet1 ratio post Basel 4 reached the record
level of 19.6%, it said, bringing the capital buffer to around
890 basis points compared to the tier1 ratio requirement.
MPS, Italy's fifth biggest bank, said it was pressing ahead with
its all-share bid for Italy's premier merchant bank Mediobanca
despite the latter bidding for a smaller bank, Banca Generali,
linked to giant Trieste-based insurer Generali Assicurazioni.
"With the strong support of shareholders at the last meeting,
MPS is continuing in line with the expected timing in the
execution of the path towards the takeover bid on Mediobanca,
whose industrial rationale is potentially also consistent with
the operation announced on Banca Generali", said the Sienese
lender.
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