Nov 08, 2024 / 08:00AM GMT
Luigi Lovaglio - Banca Monte dei Paschi di Siena SpA - Chief Executive Officer, General Manager, Executive Director
Good morning, everybody. Welcome to Monte Paschi third-quarter and nine-month result presentation. Today, we are pleased to present a very solid set of results confirming our capability to grow quarter by quarter with an excellent operational performance, generating organic capital and the accruing dividend crossing already EUR800 million after the first nine-month.
Moreover, just yesterday, we finalized the sale of about EUR300 million NPEs portfolio and its economic impact is already reflected in the results.
Let's start with some key achievement. Almost EUR1.6 billion net profit after nine months plus 68% compared with the previous year with a strong contribution of EUR407 million of the third quarter.
Crossing EUR1.6 billion, the gross operating profit up 14% compared to the previous year, driven by strong operating performance, combined by the growing revenues and effective cost management. Healthy quality of the revenues with fees and commission in the nine
Q3 2024 Banca Monte dei Paschi di Siena SpA Earnings Call Transcript
Nov 08, 2024
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