(Finance) – “We need to encourage a banking system that does not repeat the mistakes of the past. We are at work on the Monte dei Paschi di Siena dossier, another major inherited issue. A very difficult situation, managed quite badly up to now, tens of billions spent by the taxpayer”. Those made by the are very clear statements Prime Minister Giorgia Meloni on the Mps file during the end-of-year press conference.
“A capital increase has been made, there is a restructuring that seems quite solid to us. We are working – he said Melons – for an orderly exit of the state and to create the conditions for which there are more Italian banking centers in Italy”.
Mps, after starting the day around parity, then closed at 1.94 euros, up 1.9%. In recent days, the historic Tuscan bank has meanwhile made it known that it will be able to return to distributing dividends given i 2.5 billion euros collected in November with the capital increase which prompted the ECB to remove the prohibition, for the Sienese bank, to detach coupons, replacing it with the obligation to request authorization for supervision in advance. The decision, communicated on the occasion of the results of the supervisory review and evaluation process (Srep), represents a step forward in the normalization process of Monte, which themanaging director, Luigi Lovaglio, it is trying to return to the path of stability after more than a decade of turbulence and billionaire losses, to bring the state out of capital.
To support the situation of Rocca Salimbeni at the moment there is planned exit of 4,125 employeeswhich will translate into savings of over 300 million euros a year, and the rate hike, which is helping to support the line of revenues.