Banca Monte dei Paschi di Siena (BMDPF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. This is the Chorus Call Conference Operator. Welcome and thank you for joining the MPS Group's second quarter and first half 2026 presentation. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by press star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Luigi Lovaglio, Chief Executive Officer. Please go ahead, sir. Thank you very much. Good morning and thank you for joining us. The first half of 2026 confirms the quality of our transformational journey of growth. We are presenting today the evidence of the industrial scale that Monte dei Paschi has achieved together with Mediobanca. And let me be clear, this is only the beginning of what That combination can do. In the first six months of the year, we generated more than 1.1 billion euro in net profit. We expanded lending, we increased customer financial assets, and we strengthened capital. We continue to deliver strong, sustainable, and increasingly diversified performance, thanks to a stronger franchise, a more diversified business model, and a greater ability to create value over time. Monte dei Paschi today is a strategic asset of the Italian economy. It is an important economic infrastructure of this country. It has systemic value. That systemic value depends on the integrity of the bank itself. Let me put it simple. If you split a power station in two, each part may still stand, but you risk losing power. You reduce the capacity to deliver energy where it is needed. Banking works the same way. Monte dei Paschi is not just a collection of branches. It is a network of relationship, knowledge an...