Full Year 2022 Banca Monte dei Paschi di Siena SpA Earnings Call Transcript

Feb 12, 2024

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Feb 08, 2023 / 08:00AM GMT
Operator

Good morning. This is the chorus call conference operator. Welcome, and thank you for joining the MPS Fourth Quarter and Full Year 2022 Results Presentation. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Luigi Lovaglio, CEO of MPS. Please go ahead, sir.

Luigi Lovaglio - Banca Monte dei Paschi di Siena S.p.A. - CEO, GM & Director

Good morning, everybody. My warm welcome to all of you. Many thanks for joining us for Monte Paschi Fourth Quarter and Full Year Results. This morning, coming to the bank I had a thought that today is exactly 1 year since I'm honored to have the front row seat for Monte dei Paschi.

I would have never thought a year ago that, after 1 year and only after 7 months since launching this strategic plan, I will be here to present to you a quarter with a sustainable net profit of EUR 156 million with a cost/income of 60%, and the core Tier 1 of 15.6%. As I told you during the previous presentation, the third quarter was really the turning point.

Now, we are in new journey, a

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