MILAN (Feb 27): Italy's Monte dei Paschi di Siena said it would complete the merger with Mediobanca by the end of the year and target a profit of 3.7 billion euros (US$4.4 billion) for the combined group in 2030. The figure, which excludes one-off items, compares with 2.4 billion euros in 2025, Monte dei Paschi (MPS) said on Friday, as it presented a multi-year strategy after acquiring the larger rival last year. It will now buy the remaining 14% and take Mediobanca private to secure the full 700 million euros in savings expected from the tie-up. Planning to pay out 100% of the profits in the coming years, MPS said it would distribute 16 billion euros in dividends by 2030. MPS said the high payout would still allow it to keep some three billion euros in cash above a targeted 13% core capital threshold, which it could use for additional deals or to remunerate investors.

Source: The Edge Markets February 27, 2026 07:25 UTC