Banca Monte dei Paschi di Siena (STU:MPI0)
€ 6.074 0.04 (0.66%) Market Cap: 7.84 Bil Enterprise Value: 2.60 Bil PE Ratio: 2.81 PB Ratio: 0.67 GF Score: 40/100
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Q3 2020 Banca Monte dei Paschi di Siena SpA Earnings Call Transcript

Nov 05, 2020 / 03:00PM GMT
Release Date Price: €12.78 (-2.07%)
Guido Bastianini
Banca Monte dei Paschi di Siena S.p.A. - CEO, GM & Director

Before giving you the key highlights of our financial performance, let me make a few remarks on the principles that have guided the bank over these last 2 months when the COVID pandemic grew and the economy began to contract. Firstly, Monte dei Paschi has been one of the pillars of the Italian real economy during the difficult times. Since the beginning of the pandemic, our support to our customers, families and corporates has been continuous and effective. We have disbursed EUR 25 billion in the form of suspended payments, not revoke the order spendable evocable lines of credit and advances and new guaranteed loans, a concrete contribution from Monte dei Paschi to the effort in sustaining the economy.

Second, from a commercial point of view, I would like to highlight that the recovery of commercial activity after the spring lockdown, which proves the productivity of my colleagues and our solid customer base. In the first 9 months of 2020, we have granted new mortgages for EUR 8.6 billion, leading to a 9% increase

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