Banca Monte Paschi di Siena Closes the first nine months of 2024 with a 1.57 billion net profit68.6 percent higher than the same period in 2024. A result of benefiting from a favorable interest rate environment and good performance of the markets.
9 months of performance
As of September 30, 2024, the Group has achieved Income tomorrow for More than 3 billion of Euro, i 8.3 percent increase Compared to the same period last year. This dynamic is mainly attributed to the growth of the core average margin, which
Increases both on components. interest margin, Equivalent to 1,768 million euros and an increase of 4.7% compared to the same period in 2023. Net commissionwhich is equal to 1,092 million euros and is growing by 10.7% compared to 2023.
Il Gross operating profit The volume of this group is equal to 1,645 million euros. A growth of +13.7% Compared to September 30, 2023 (equivalent to 1,446 million euros). gave Net operating result +17.6% more than in 2023, equal to 1,339 million euros.
Quarterly results
In the third quarter, i Income They are slightly lower than last quarter. (-1.1%) After Reduction in net commissions and other income from financial management related to certain weather conditions in the third quarter, in part Increase in interest margin and other operating income and expenses.
Il Gross operating profit That of the third quarter, at 539 million euros, was slightly lower (-2.8%) than in the previous quarter (555 million euros). The net operating result of 442 million euros was slightly lower than in the previous quarter, which was equal to 453 million euros. The net result was 407 million. Euros and compares with 827 million in the previous quarter.
Solid financial and capital position
As far as capital ratio is concerned, as on September 30, 2024 CET1 capital ratio is fully loaded. It stood at 18.3%, pro forma, including period profits and deduction of profits accumulated in the first nine months, assuming a payout ratio of 75% of pre-tax profits. gave The total capital ratio is fully loaded. It was equal to 21.6 percent.
Finalized. Selling a package of NPEs (bad loans) with a total book value of about 300 million, the economic impact of which is already reflected in the nine-month data, excluding the related portfolio, the stock of gross bad loans up to 3.6 billion; Gross NPE ratio is 4.5%, Net NPE ratio is 2.4%.
gave Operational liquidity position Presents an uncommitted counterbalancing capacity level of approximately 31.6 billion, down from 30 June 2024 4 (equivalent to 33.4 billion euros) and increasing compared to 31 December 2023 (equivalent to 29.8 billion euros).
