Monte dei Paschi eyes €3.7bn profit by 2030 after Mediobanca deal

Key Highlights

• Chief executive Luigi Lovaglio, who is up for reappointment, said further details regarding the share swap for the remaining 14% of Mediobanca would be shared on 10 March.
• Lovaglio said that taking Mediobanca private will generate €700m in merger-related benefits in the second half of 2028.
• Integration costs are forecast at €600m, most of which will be recorded in 2026, including €100m allocated for staff pay increases to retain personnel, according to Reuters.
• After being rescued by the government in 2017, MPS returned to private ownership between 2023 and 2024.
• The bank intends to distribute a total of €16bn to shareholders through 2030, representing all profits during this period.