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Mps: new plan takes into account the commitment to sell the Treasury share

2021-01-15T23:04:43.314Z


Mps's new 2021-2025 strategic plan takes into account the sale of the majority stake in the Treasury to which the government committed itself in 2017, a commitment reaffirmed in the October Dpcm. (HANDLE)


(ANSA) - ROME, JANUARY 15 - The new 2021-2025 strategic plan by Mps takes into account the sale of the majority stake held by the Treasury to which the government committed itself in 2017, a commitment reaffirmed in the October Dpcm. This is what is read in a communication from the Sienese bank announcing how the plan is available from tonight on its website. In view of these commitments, the bank explains, "the plan does not envisage a radical transformation of the operating model and the technological infrastructure which would involve significant investments, absorption of implementation capacity and high execution risks in the face of benefits" only in a few years. expects a redemption in 2021 for 562 million euros and a return to profit of 41 million in 2022. After that, profitability will gradually increase to 559 million euros in 2025, with 292 million in profits in 2023 and 454 million in 2024. (ANSA) .


Source: ansa

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