Ps come back in Useful in the first quarter of 2018 and the title takes off at Piazza Affari (+9,7%, to 2,984 euros). Between January and March Monte dei Paschi di Siena created profits for 188 million euros, with a gross operating result of 304 million (double compared to the previous quarter) and a "significant improvement" of the main economic indicators on an annual basis. Among these, explains Montepaschi, a net operating result of 166 million (from -3 million) and a pre-tax result of 111 million (from -129 million).
As for the turnover, stood at 877 million euros, down 6% on the year, mainly due to the interest margin and net commissions.
I Costs they fell by about 12% also due to the personnel reduction maneuver carried out last November. Operating costs also fell (-8,7%, to 573 million).
On the commercial front, the collection total of the MPS Group reached 193,2 billion euro (-6,4% year on year). In detail, direct deposits stood at 97,9 billion, down by 11,5 billion compared to the values at the end of March 2017, while indirect deposits stopped at 95,3 billion, down by 1,6 billion due to the contraction in assets under administration (-2,7 billion), which “was affected by the movement of a significant corporate position.
Instead, they grew up managed savings (+1,1 billion) and the uses (+0,9 billion euros since the end of December 2017) thanks to the 20% growth on a quarterly basis in new mortgage disbursements.
Montepaschi then explains that he accounted for "value adjustments net due to the impairment of financial assets measured at amortized cost and at fair value with an impact on comprehensive income for a total of 138 million, 171 million euro lower than those recorded in the same period of the previous year”.
Mps had announced on Thursday that it had completed the largest securitization of non-performing loans at European level (24,1 billion euro).
