(Finance) – “We like to have excess capital and looking forward we have the ability to generate additional capital, and therefore this ability paves the way for the dividend distribution from 2024and we are a lot more focused on this than the buyback“. He stated this Louis Lovagliomanaging director of Bank Monte dei Paschi di Sienaduring the call with the financial community on the first quarter 2023 results.
An analyst had asked him if it was possible to think of a repurchase of part of the share held by the Treasuryafter some rumors in recent days that spoke of possible transfers on the market by the MEF.
Lovaglio said that “the net profit confirms the bank’s renewed ability to generate sustainable profitability and that “we expect to replicate the first quarter performance also in the following quarters”. Furthermore, he underlined that “our plan targets are more that reachable” and that “has arrived the time to generate value for all our stakeholders” and to “prove our worth”.