State-owned Italian bank Monte dei Paschi di Siena reported a net profit of 17.5 million euros after loan write-downs deemed necessary to facilitate sales. Net profit rose from €9.7m in the first quarter, despite weaker net commissions due to difficult market conditions and a much smaller contribution from trading income. The bank said it had […]
Tag: Banca Monte dei Paschi di Siena
Monte dei Paschi: Proceeds to AMK 2.5 billion euros
Monte dei Paschi di Siena plans to raise its share capital by 2.5 billion euros to finance a new strategy and triple its profits over the next three years, according to the Italian bank. The Italian government controls 64% of the oldest bank in the world that remains in operation, after the 2017 bailout that […]