(ANSA) - MILAN, DECEMBER 17 - The Mps plan provides for a 2.5 billion euro capital increase to be carried out in 2022. This was announced by the institute.
Mps foresees the activation of a voluntary employee exit plan, with cost savings of approximately 275 million euros per year.
Most of these savings could be achieved by 2024, depending on negotiations with trade unions.
The MPS plan to 2026 provides for initiatives to support growth, with immediate and tangible transformation efforts that will lead to constant profitability and capital benefits: in particular, the bank note reads, a pre-tax profit of 700 million is expected already in 2024. euros, a cost-income ratio below 60%, a cost of risk of 50 basis points, a return on tangible capital of around 8.5-9% in 2024 (to rise to 11% in 2026) and a Cet1 Fully loaded ratio higher than 14% in 2024 and equal to approximately 17.5% in 2026, before dividends and before the positive effect of the revaluation of the Dta deriving from the plan.
(HANDLE).