Banca Monte dei Paschi di Siena Reports Q1 Net Profit Surge of 24.2% to EUR 413 Million
Oggi 08:45 - RSF
Banca Monte dei Paschi di Siena S.p.A. reported its consolidated results for the quarter ending March 31, 2025, highlighting a net profit of EUR 413 million, marking a 24.2% increase compared to the same period last year. The bank's fully loaded CET1 ratio post-Basel IV reached a record level of 19.6%, providing a capital buffer of approximately 890 basis points above the Tier 1 requirement. The results reflect the strength of the bank's business model, which is supported by its unique commercial network. Additionally, with strong shareholder backing from the recent shareholders' meeting, Banca MPS is moving forward on schedule with its public exchange offer for Mediobanca, aligning with the announced transaction involving Banca Generali.
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Banca Monte dei Paschi di Siena S.p.A. published the original content used to generate this news brief on May 09, 2025, and is solely responsible for the information contained therein.