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Banca Monte dei Paschi di Siena
Banca Monte dei Paschi di Siena (BMPS) investor relations material
Banca Monte dei Paschi di Siena Business Plan Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Business Plan Update summary27 Feb, 2026
Strategic vision, integration, and positioning
The group is formed from the integration of BMPS and Mediobanca, aiming for sustainable value, profitable growth, and stakeholder benefits, leveraging complementary strengths across five business divisions.
Achieved 86.3% ownership of Mediobanca, with integration underway, merger completion targeted by end-2026, and a merger plan to be presented in March 2025.
The combined group is now Italy’s third-largest bank, with over 7 million clients, €8 billion in revenues, and more than 20,000 employees.
Five business divisions—Retail & Commercial Banking, Consumer Finance, Asset Gathering & Wealth Management, Private Banking, and Corporate & Investment Banking—each have clear roles in value creation and international expansion.
Iconic brands, omni-channel network, and digital transformation, including €1 billion IT investment, underpin resilience and growth.
Financial targets and capital management
Business plan targets €9.5 billion in revenues, €3.7 billion net profit, €16 billion in cumulative dividends (100% payout), and €3 billion excess capital by 2030, maintaining a ~16% CET1 ratio.
Operating income projected to grow from €7.6 billion (2025) to €9.5 billion (2030), with a 4.6% CAGR, and cost/income ratio to improve from 46% to 38%.
Adjusted net profit is forecast to rise from €2.3–2.4 billion in 2025 to €3.7 billion in 2030, with adjusted ROTE at 18%.
Asset quality set to improve, with gross NPE ratio declining to 2.2% and coverage rising to 56% by 2030; net NPE ratio targeted at 1%.
Dividend policy is based on stated net income, including capital gains, with share buybacks and capital optimization considered for flexibility.
Business division and segment strategies
Retail & Commercial Banking targets revenue growth from €2.5–2.6 billion, profit before tax from €0.7–1.1 billion, and customer loans from €66–82 billion by 2030, with digital engagement rising to 80%.
Consumer Finance aims for revenues of €1.7 billion, profit before tax of €0.8 billion, and loans from €17–21 billion, expanding into Poland, Switzerland, and other international markets.
Asset Gathering & Wealth Management expects revenues to rise from €1.5–2 billion, profit before tax from €0.8–1.2 billion, and TFAs from €142–185 billion by 2030.
Private Banking and Corporate & Investment Banking are positioned for international growth, with private banking assets rising to €103.3 billion and CIB revenues to €1.3 billion by 2030.
Principal investing, notably the Generali stake, is expected to provide stable, decorrelated earnings, with revenues growing from €0.5–0.8 billion.
Timeline for full synergy realization
Private Banking international AuM impact on plan?
Quantify AI's impact on credit/controls efficiency
Plan for excess capital and Generali stake
How dependent is the plan on international growth?
Phasing of EUR 700M synergies by year
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Next Banca Monte dei Paschi di Siena earnings date
Q1 20267 May, 2026
Banca Monte dei Paschi di Siena
Next Banca Monte dei Paschi di Siena earnings date
Q1 20267 May, 2026
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Frequently asked questions
Banca Monte dei Paschi di Siena S.p.A. (BMPS), also known as MPS, is one of the principal banking groups in Italy, distinguished for its long history and significant presence in the domestic banking sector. Founded in 1472 under the auspices of the Republic of Siena, MPS is recognized as the world's oldest bank in continuous operation. Its journey began as a mount of piety (monte di pietà) and has evolved substantially over centuries, expanding its operations throughout Italy post-unification and diversifying its banking services. Today, MPS provides a comprehensive range of traditional retail and commercial banking services. Additionally, it engages in corporate and investment banking through its subsidiary, MPS Capital Services, and has established a significant footprint both domestically and internationally. The company is headquartered in Siena, Italy, and its shares are listed on the Italian Stock Exchange.
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