Banca Monte dei Paschi di Siena (STU:MPI0)
€ 6.3 0.226 (3.72%) Market Cap: 7.85 Bil Enterprise Value: 2.62 Bil PE Ratio: 2.81 PB Ratio: 0.67 GF Score: 40/100
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Half Year 2023 Banca Monte dei Paschi di Siena SpA Earnings Call Transcript

Aug 04, 2023 / 07:00AM GMT
Release Date Price: €2.49 (+2.80%)
Operator

Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the MPS Group Second Quarter and First Half 2023 Results Presentation. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Luigi Lovaglio, CEO of MPS. Please go ahead, sir.

Luigi Lovaglio
Banca Monte dei Paschi di Siena S.p.A. - CEO, GM & Director

Thank you very much. Good morning, everybody. Many thanks for joining us for Monte Paschi 2023 Second Quarter and First Half Results Presentation. We are now well beyond the turning point in our strategy to be a clear and simple commercial bank. We are on a fast lane. And after 12 months since the launching of our business plan, we have achieved very good results. More than EUR 600 million profit in 6 months, firmly on the way to cross the EUR 1 billion at the end of the year, EUR 1 billion lower NPE stock with a new disposal of EUR 230 million just finalized, EUR 160 million lower cost with cost/income ratio at 49%.

CET1 fully loaded at a record level of 15.9% that

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