Monte dei Paschi di Siena Bank it definitely is “out of the loop” and can now move “proactively” and be “the pivot” that can create “the third banking hub” behind Intesa Sanpaolo and UniCredit.
He said so Nicholas Maione, former president of Enav, he has been chairman of the board of directors of MPS since April 2023, where he joined as a director during 2017, in an interview with today's Sole 24Ore.
It is precisely the possibility that Mps can return as the protagonist of the bank risk is pushing up the securities of the Sienese bank a Business Square. Banca Mps shares rise by 1,55% to 2,294 euros, with a maximum reached at 2,311 euros, against a Ftse Mib which gains 0,31%.
Meanwhile Intesa Sanpaolo gains 0,25%, UniCredit 1,19%, Banco Bpm 2,37% and Bper 0,99%, banks that have been indicated on several occasions as possible other protagonists of the consolidation of the sector in Italy.
Maione: Mps has excellent capital solidity. Ready for M&A
The messages launched by Maione, a lawyer, candidate for the presidency from the Treasury, who is the bank's reference shareholder with 64%, but voted almost unanimously by the shareholders' meeting, are substantially in line with the recent statements by the managing director Louis Lovaglio, especially regarding the M&A aspect. In particular, Maione says that “Mps today is a bank with excellent results financial solidity and in the process of revival in terms of revenues and profits. A possible aggregation it would therefore not be linked to reasons of solidity".
And he adds: "today Mps no longer needs to join forces for reasons of solidity, but instead there are all the conditions to continue to bring out the real value and to look in perspective". Maiore's hope is that "Mps can be the protagonist in amerger with other banks. The MEF has already declared on several occasions that it wants an orderly exit from the capital”.
Rocca Salimbeni can be the pivot for a third pole
Rocca Salimbeni, “in the right times, can be the pivot to create a third pole behind the two main Italian banks, and be an opportunity to create value for the entire economic system of the country” Maiore continues. The future of Mps, underlines the jurist who is now also vice president of Abi, can pass from a "consolidation" of the sector. And today there is the "favorable and propitious" phase to think about it. In the interview, Equita's analysts point out the fact that the presence of a regulatory obligation which requires the State to leave the bank's shareholding, without however indicating a date" adding that "according to rumors, the agreements established between the MEF and the EU would provide for the State to leave by 2024”.
