Monte dei Paschi di Siena, Italy's third-largest bank, projects a €3.7 billion profit by 2030 following its deal with Mediobanca.

(ANSA) - ROME, FEB 27 - The Italian government's role in Tuscan lender Monte dei Paschi di Siena (MPS) is over, Premier Giorgia Meloni told Bloomberg Friday. Meloni, interviewed by Bloomberg, declared that "the government's role is over," noting that its remaining 4.9% stake "clearly does not give us the ability to exercise significant influence over governance" and that "it will not participate in the appointment of the new administrative and supervisory bodies." On the stock market, MPS sto...

Italian Prime Minister Giorgia Meloni stated that the government's role in the recovery of Monte dei Paschi di Siena (MPS) bank is complete, implying no further involvement in future governance decisions.

(ANSA) - ROME, FEB 27 - Monte dei Paschi di Siena's (MPS) new business plan targets 3,7 billion euros in profits by 2030 and 16 billion euros for shareholders, the Tuscan lender said Friday. MPS has approved its 2026-2030 business plan, which, thanks to the merger with Mediobanca, makes it the "third-largest Italian banking player" with over 7 million customers. The group, according to a statement, expects to achieve adjusted net profit of €3.3 billion in 2028 and €3.7 billion by 2030, and to...

(ANSA) - ROME, FEB 27 - The Italian government's role in Tuscan lender Monte dei Paschi di Siena (MPS) is over, Premier Giorgia Meloni told Bloomberg Friday. Meloni, interviewed by Bloomberg,…