MPS assembly, turnout at 73.6%. LOVAGLIO: « More than ready for a new phase with Mediobanca ». Caltagirone second partner after the MEF

Siena – The assembly of Monte dei Paschi starts. An assembly in presence, a « signal of attention to shareholders, MPS is a heritage for the country » for which a new phase now begins, said President Nicola Maione by opening the assembly. To the Assisse There is 73.6% of ordinary capital, as widely expected in recent days. Today DIt will be expressed on the capital increase to support the public offer of exchange on Mediobanca. And for the proposal to be approved, the favorable vote of two thirds of the capital present in the assembly will be needed. The plenary, which takes place at the General Management of Mount in Siena, are represented the shares of the MEF which owns 11.7%, Caltagirone with 9.96%, Dalfin (9.86%), Soul (3.99%), Banco Bpm (5%). After the rounded emerged last week, the Caltagirone group increased its participation in MPS to 9.96% of the capital, becoming the second partner of the mountain. « There are no relevant parasociel agreements pursuant to the tuf, » said the president by introducing the assembly.

Fusion with Banco Bpm and the concert between Caltagirone and Delfin

Before the start of the works, the Banca Toscana published the responses arrived from the shareholders who touch the whole keyboard of the rumors circulated in recent times. MPS « is currently focused on the public exchange offer promoted on the totality of the ordinary actions of Mediobanca ». Mps wrote by replying to the question of a small partner who asked if it was not the case to consider a merger with Banco Bpm, once the operation on Mediobanca once closed. In another question from the audience, which hypothesized a concert between Caltagirone and Delfin aimed at controlling the generals, Mps replied that « he does not comment on print articles » and that the offer on Mediobanca – which will bring the share in the Lion of Piazzetta Cuccia in the orbit of Siena – « has been structured, evaluated and approved by the bank in full autonomy of judgment and BMPS is not part of any agreement with the subjects mentioned in the subjects mentioned in the subjects mentioned in the subjects thanks to the offer « . Finally, as regards a possible interest of the mountain for Banca Generali « the state is not foreseen any different acquisition than the objectives of the offer » on Mediobanca.

With Mediobanca sustainable aggregation

« Mps, offer on adequate Mediobanca, great opportunity. MPS has a marked inclination to innovation combined with a solid and strong ability to create capital in an organic way, « said CEO Luigi Lovaglio -. Our bank is more than ready to guide the strong industrial integration process with Mediobanca « , reiterated the CEO which recalled the strong competitiveness of the MPS network which makes it possible to build new projects, so we improved the cost-range ratio, which dropped to 46% from 49% of the2023.
In 2024 the net profit was 1.9 billion (+16%) led us to propose 1 billion dividends, equal to 13% return to shareholders, among the highest in Europe. It is the result of the trust of customers who gives impulse to revenues. The operating result at 2.1 billion result. Commission development 2.3 billion + 2.8% of interest margin. We have a ability to generate revenues that protects us from the trend of interest rates ». The present capital approved the 2024 budget with 99.9%.

The commissions

Lovaglio underlined the dynamic is very positive as regards the collection flow flows and on the front of funding to families who, together with the uses of SMEs, are part of our core business. « We have collected, – he said – and in the future we think of improving this data, more than 1.2 billion per month of Wealth Management in a growth trend reaching a total of over 14.6 billion in the year. This has made it possible to increase the total commercial collection to 167 billion euros, which corresponds to a growth of almost 10 billion year on year (over 800 million per month). On the side of the loans 3.4 billion euros were the new mortgage loans paid in 2024, an increase of 26% compared to the previous year, we are talking about almost 300 million per month and 1.1 billion euros of new funding in consumer credit, almost 100 million per month, increasing over 20% compared to 2023.

The MPS Foundation: yes to all items

The OPS launched by Monte dei Paschi on Mediobanca is « a courageous innovation in an often approved panorama such as the banking as well as a great opportunity for the creation of a third Italian banking center, indispensable, in our opinion, in a context of necessary EUR consolidation. Carlo Rossi, president of the Mps Foundation, shareholder today with 0.4% of the capital. Rossi announced the favorable vote on all points on the agenda. In recent days Fondazione Cariplo had said through the words of its president Giovanni Azzone, who would have expressed himself in the wake of the decisions of the Tuscany Foundation. And how Cariplo should also vote on the other banking bodies that in MPS have around 1%.