Banca Monte dei Paschi di Siena ended 2024 with Total revenues For 4,034 million euros, an increase of 6.2% compared to the previous year. The margin of interest At 31 December 2024 it was equal to 2,356 million euros, an increase compared to 2023 ( +2.8%, equal to +63.7 million euros). The Net commissionsequal to 1,465 million euros, highlight a significant growth compared to those held in the previous year (+10.8%), attributable to the excellent performance of the management/intermediation and consultancy activity (+19.0%, even at +113.7 million euros) and the positive dynamic of commercial banking ( +4.1%, equal to +29.7 million euros).
The net operating result of the group as of 31 December 2024 is equal to 1,748 million euros, growing strongly compared to the result of 1,511 million euros recorded at 31 December 2023. Theuseful for exercising the group leader relevant It amounts to 1,951 million euros at 31 December 2024, which is compared to a profit of 2,052 million euros obtained in 2023 (which had benefited from the net releases in the item of provisions for the funds for risks and charges). The profit of the fourth quarter is equal to 385 million euros (407 million euros the profit of the previous quarter).
Volumes and funding
At 31 December 2024 i Overall collection volumes of the group were equal to 197.2 billion euros, an increase of 4.3 billion euros compared to 30 September 2024, both on direct collection (+2.7 billion euros, of which +2.1 billion euros relating to current accounts) both on indirect collection (+1.6 billion euros).
At 31 December 2024 i Customer loans of the group they stood at 77.3 billion euros, slightly increased compared to 30 September 2024 (+0.7 billion euros), thanks to mortgages (+0.3 billion euros) and other loans (+0.8 MLD of euros), while the current accounts (-0.2 billion euros) and PCTs (-0.2 billion euros) are slightly flexed.
Deteriorated credits and property coefficients
The total deteriorated customers loans of the group as of 31 December 2024 was equal to 3.7 billion euros in terms of gross exposure, in flexion (-0.2 billion euros) compared to 30 September 2024 and increased compared to 31 December 2023 (+0, 2 billion euros). The flexion compared to 30 September 2024, which concerns the suffering, is mainly due to the transfers perfected in December.
As for the Balance sheet coefficientsas of December 31, 2024, the Cet1 Capital Ratio Fully Loaded, stood at 18.2%, including the profit of operating and deducing the dividends accrued in the first twelve months by taking a pay out of 75% of the profit of the useful doors taxes; The Total Capital Ratio Fully Loaded was 20.5%.
Dividendi and Mediobanca
MPS speaks of progressive creation of value with Over 1 billion euros of dividends (0.86 euros per share; 75% pay-out ratio on profit assets), corresponding to a 14% dividend Yield, among the highest in the sector.
No news on the OPS front on Mediobanca. The Sienese bank writes in the note on the accounts that “strong of a competitive commercial network, excellent profitability and patrimonial solidity, MPS is ready to create an industrial development process through an innovative Business Combination with Mediobanca for the birth of a new national championfor the benefit of all stakeholders “.
