Luigi Lavaglio
Chief Executive Officer, Monte dei Paschi di Siena
Replay available
Banca Monte dei Paschi di Siena (OTC: BMDPF) Q2 2025 earnings conference call, held 2025-08-06. Replay captured from the company's public earnings webcast.

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WEBVTT 00:00:00.031 -- 00:00:05.238 Good morning, everyone. Thank you for joining us today for the presentation of our second 00:00:05.238 -- 00:00:09.644 quarter and first half 2025 financial results. 00:00:09.644 -- 00:00:14.991 Today we present spectacular results with a quarterly profit 00:00:14.991 -- 00:00:21.640 of $479 million and nearly $900 million in the first half of the year. 00:00:21.640 -- 00:00:28.507 These numbers show our tangible capability to deliver growth, high profitability, 00:00:28.567 -- 00:00:31.488 and strategic clarity. 00:00:31.590 -- 00:00:37.177 The clarity of purpose is really paying off for customers, employees, and increasingly 00:00:37.177 -- 00:00:39.357 for shareholders. 00:00:39.579 -- 00:00:43.824 Our advantage lies in our deep client relationship 00:00:43.824 -- 00:00:49.070 developed by a unique and very powerful distribution network 00:00:49.070 -- 00:00:55.114 that delivers high quality revenues and rising fees contribution. 00:00:56.073 -- 00:01:01.421 Building on the strong results of the first half, we continue to lead with a strong 00:01:01.421 -- 00:01:04.562 quarter-one ratio on 18.6, 00:01:04.725 -- 00:01:10.410 a position that's further validated by recent stress tests. 00:01:10.573 -- 00:01:15.701 Even under adverse scenario, our bank ranks at the top of the sector 00:01:15.701 -- 00:01:18.522 in Italy and Europe. 00:01:18.685 -- 00:01:22.415 We build what they call a fortezza, 00:01:22.415 -- 00:01:26.799 a robust balance sheet capable of protecting Montepaschi 00:01:26.799 -- 00:01:31.722 and creating opportunity for decades to come. 00:01:32.505 -- 00:01:37.870 Our profitability is accelerating to strong commercial activity. 00:01:37.870 -- 00:01:40.913 With this solid foundation and 00:01:40.913 -- 00:01:45.798...