The shares of the Monte dei Paschi di Siena bank fly to Piazza Affari again today. Nothe wave of purchases on the stock does not subside: dfter the +12% of last Friday, the shares of the Sienese group immediately started strong again this morning, and in the first hour of trading it managed to gain 17% in the 0,31 euro area. By mid-morning, shares retreated to +11%.
MPS is the Italian bank most exposed to government bonds with BTPs in its belly for around 25 billion euros and therefore benefits from the narrowing of the spread, with the 2010-year BTP yield at lowest since November XNUMX area 4,2%. In any case, today it is above all what makes the title fly (like the entire banking sector). the postponement of the deadlines for the implementation of the rules imposed by Basel 3.
Meanwhile, the managing director of Mps, Fabrizio Viola, has ensured that the Bank aims at return to profit soon, so as to repay the Monti-bonds and prevent the State from entering the capital. “We have to recreate conditions of profitability such as to allow the cash payment of the coupons – said Viola in an interview with Il Messaggero -. All the decisions taken in recent months go in this direction, starting with those on costs, where the key step was the union agreement at the end of the year. Only by returning to the Bank the capital solidity and profitability that have characterized a large part of its centuries-old history will we be able to do without public support".
