Banca Monte dei Paschi di Siena (BMPS) Mediobanca 12th Italian CEO Conference summary

Macroeconomic environment and strategy

• Higher interest rates support net interest income, but slower growth requires disciplined management and adaptability.

• Emphasis on making the group's value more recognizable in the market.

• Discipline and selectivity are seen as key factors for maintaining a top market position.

M&A and consolidation

• All M&A options are being analyzed with a focus on stakeholder and shareholder interests.

• The bank's recent transformation and attractiveness have raised standards for any potential transaction.

• Consolidation is viewed as healthy if it ensures strong competition and access to lending across all segments.

Integration and growth initiatives

• Integration with Mediobanca is on track, supporting the industrial rationale and enabling unique, full-service offerings.

• Combining iconic brands and expertise is seen as a unique market opportunity.

• The group aims to leverage its strong capital position for growth, distribution, and further investment.