(Finance) – “The country cannot have any weaknesses. Monte dei Paschi di Siena Bank it is a history of our country that must be resolved. L’capital increase is a strategic factor and I can only give a positive evaluation. On the other hand, the rate hike will also favor MPS in generating future profits and recovering profitability, while I assume that in the past they have had a negative impact from low rates “. Carlo Messinamanaging director of Intesa Sanpaoloduring a press conference to comment on the results for the first nine months of 2022.
“I’m favorable to the presence of more competitors on the market. I do not know the numbers on the prospects of MPS, but it is certainly not an operation that can concern Intesa Sanpaolo “, she added.
Regarding potential M&A deals, Messina said: “For banks like ours it is impossible to proceed with aggregation in Italythe Antitrust would not allow it “.
While, “the evaluation of Cross-border M&A passes from the ability to create synergies; any external growth project must have the approval of international investors “.