Monte dei Paschi di Siena sharply up this morning on the stock market after yesterday the CEO Louis Lovaglio said Rocca Salimbeni will play an important role in the construction of a third banking pole.
The stock on Piazza Affari is at 2,15 euros, up 3,72%
“I believe that due to its position in the system and its 550-year history, MPS must and can participate with a important role to the construction of that third bank pole Italian that has been talked about for some time”, said Lovaglio in an interview with Repubblica.
Instead, he did not want to answer the question about a preference for Banco Bpm or Bper as a partner for the third banking hub alongside Intesa Sanpaolo and UniCredit.
“The basic scenario for banks in Europe is one of concentration, to make them more competitive and pool investments and regulatory costs. It also applies to the Italian companies, if they want to compete with foreign operators and improve the level of services. Also for this reason we have been talking for some time about third pole: and I think with a entrepreneurial approach we can get there”, recalls Lovaglio.
Mps has restarted and has become more attentive
“Today many indicators show that the action is extremely attractive, and as the market becomes aware of sustainable results, I am convinced that the multiples will align with those of the rivals” continues the CEO. "The MPS machine has started running fast again".
Commercial data confirms this: in the first quarter, 900 million loans and almost 3 billion gross deposits in managed savings, the best figure for 12 months. "Mps is back in the area to do what it does very well: the commercial bank".
On the Treasury's exit: now shareholders also have other options at their disposal
At this point on the exit plan of the Tesoro from the capital of the Sienese institute, Lovaglio is clear: “I don't know there have been any statements in this regard. Given the results we have achieved, the current situation allows the shareholders to evaluate different options more strategic than those we read about during the negotiations in the summer of 2021, between hypotheses of stew and public dowry to sell MPs ". "And in the meantime we aim to anticipate the return of the dividend on 2024 profit".
