(Alliance News) – Banca Monte Paschi Siena Spa announced on Tuesday a net profit of 332.7 million euros in the first quarter, up 41% compared to the 235.7 million euros recorded as of March 31, 2023.
Total revenues amounted to €1.01 billion, up 15% from €878.9 million recorded in the first quarter of 2023.
Net interest income amounted to EUR 587 million as of March 31, an increase of 16% compared to EUR 504.5 million recorded in the first quarter of 2023.
Net fee income amounted to EUR 365 million in the first quarter, an increase of 10% compared to EUR 331.7 million the previous year.
Operating profit amounted to EUR 551 million, compared to EUR 414 million as of March 31, 2023.
On the asset side, the group’s total financing volume amounted to EUR 192.8 billion, up by EUR 5.3 billion as of December 31, 2023.
Direct financing volumes amounted to EUR 92.7 billion, up by EUR 2.1 billion at the end of December.
As of March 31, the group’s net interbank position amounted to EUR 5.6 billion in loans, compared to EUR 2.2 billion of loans as of December 31, 2023 and EUR 4.5 billion of financing as of 31 March 2023.
Regarding capital ratios, the CET1 capital ratio stood at 17.9% as of March 31, compared to 18.1% as of December 31, 2023, and the total capital ratio stood at 21.3%. , compared to 21.6% as of December 31, 2023.
On Monday, MPS closed in the green by 1.5% at 4.61 euros per share.
By Claudia Cavaliere, journalist at Alliance News
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