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Banks: good accounts including Mps, but new investigation in Milan

2021-08-07T17:21:57.192Z

Italian banks have withstood the impact of Covid, including MPS which, among the major banks, in the first six months of the year recorded some key numbers better than the others. (HANDLE)



(ANSA) - MILAN, AUGUST 07 - Italian banks have rectified the impact of Covid, including MPS which, among the major banks, in the first six months of the year recorded some key numbers better than the others.

This is stated in a research by the FirstCisl Studies Office on the financial statements of Intesa Sanpaolo, Unicredit, Mps, Banco Bpm and Bper, with the other great 'betrothed', namely Carige, who is out of this radar for reasons of size, but which looks with much attention is paid to the sector consolidation process that several analysts are now seeing at the gates.


   Mps remains at the center of the political debate, with Salvini and Gasparri attacking above all the role of the president of Unicredit Padoan, a former parliamentarian of the Democratic Party and now president of the bank that should absorb the Sienese institute. In the study, however, Monte shows good signs, with "a clear ability to develop revenues (+ 7.7%), also due to the increase in net commissions (+ 8.7%), which represent 56.3% of the primary margin. highest percentage value among the five banks ". And Siena's revenues see a "significantly better performance than that predicted by the stress test in the base scenario for 2021".


   In the meantime, a new investigation has been registered on Mps in Milan. The Prosecutor's Office of the Lombard capital has in fact initiated criminal proceedings on the funds for legal risks. False social communications and market manipulation the crimes hypothesized by the prosecutor Paolo Filippini, at work to determine whether he funds to address the causes and pay any compensation - figures that can have a consistent impact on the financial statements - are adequate or not. The reference, as reported by the daily newspaper la Repubblica, is to the financial year of last year and, in particular, to the half-yearly report of 30 June 2020 and the quarterly of 30 September. The investigation, which took its first steps in January, stems from the exhibits - seven in all - presented by the financier Giuseppe Bivona, head of the Bluebell fund. (HANDLE).


Source: ansa

All life articles on 2021-08-07

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