Purchases in Piazza Affari on the Monte dei Paschi stock, which by mid-morning gained about two and a half percentage points, achieving the best increase in the Ftse Mib. The market is betting on the outcome of today's Board of Directors meeting, which – according to forecasts – should confirm the top management of the institute: Alessandro Profumo to the presidency and Fabrizio Viola in the position of managing director.
Yesterday, Mpsera's stock was the most cautious among Italian banks, with an increase limited to 0,17%.
According to banking sources, Profumo and Viola are not expected to resign, despite having been forced by the vote of the shareholder Foundation to postpone the three billion capital increase necessary to avoid nationalisation.
The two managers had threatened to leave the helm of Italy's third largest bank after their proposal to launch the increase in January was rejected by the shareholders' meeting at the end of the year.
Today's board of directors is the first since the meeting that has postponed the operation with which the Bank intends to repay part of the 4,1 billion euros received from the Treasury and thus avoid nationalisation, to mid-May as soon as possible.
