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Mps: profit fell to 27.2 million in the half year (-86%)

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Mps closed the first half of the year with a net profit of 27.2 million euros, of which 18 made in the second quarter, down by 86.5% compared to 202 million in the same period of 2021. Revenues fall by 2.5%, to 1,522 million but increased by 2.8% net of the lower contribution deriving from the sale of securities.

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The Sienese bank signed an agreement for the sale of 917.5 million of impaired loans, with a 25% reduction in the stock of non-performing loans in the portfolio.

Meanwhile, the claims for compensation against Mps for the financial information provided to the market are rising again. In the second quarter, the bank recorded an increase of approximately 1 billion in out-of-court requests from a consultancy firm on behalf of institutional investors, to which a further 800 million claim from the same company was added in August.

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The extraordinary meeting for the approval of the 2.5 billion capital increase has been called for September 15 and four other banks have joined the underwriting syndicate. These are Santander, Barclays, Société Générale and Stifel Europe who have joined BofA, Citigroup, Credit Suisse and Mediobanca.

Source: Ansa

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