Montepaschi closed the first half of the year with a profit of 202 million euros, returning to the ‘black’ after the loss of 1.09 billion recorded in the same period of 2020. The second quarter of the year closed with a profit of 83 million euros, after the 119 million achieved in the first three months of 2021. The result is higher than analysts’ expectations. According to estimates gathered by Bloomberg, the consensus indicated a loss of 28 million in the quarter.
The stock rose by 2.86% in Piazza Affari after the accounts.
The prospective capital requirement of Mps is also reduced: at 30 June next year, the capital shortfall is expected to be below 0.5 billion euros, compared to the 1.5 billion deficit expected in November last year. year. The results of the Eba stress test, the bank reiterates in a note, are “consistent with the capital plan – which includes a capital increase of 2.5 billion euros – sent to the European Central Bank”. The bank’s capital ratios are “stable compared to December 2020, thanks to the profit for the period and the capital management actions, which offset the regulatory impacts recorded in the half year”. Cet1 on a transitional basis stands at 12.1% against a regulatory minimum of 8.7%.