Monte dei Paschi di Siena's (MPS) new business plan targets 3,7 billion euros in profits by 2030 and 16 billion euros for shareholders, the Tuscan lender said Friday.
    MPS has approved its 2026-2030 business plan, which, thanks to the merger with Mediobanca, makes it the "third-largest Italian banking player" with over 7 million customers.
    The group, according to a statement, expects to achieve adjusted net profit of €3.3 billion in 2028 and €3.7 billion by 2030, and to distribute approximately €16 billion to shareholders over the plan period.
    "We present to you a unique group, built on deep roots and now projected towards new frontiers" and with "a new horizon," said MPS CEO Luigi Lovaglio, at the start of the business plan presentation to analysts.
    "Just like the great projects in our history, what we have built since last year will stand the test of time.

Because it is founded on a solid industrial logic and supported by the belief that this group can fully express its potential," the banker added, speaking of "two iconic brands, one future." The plan, Lovaglio continued, "was conceived with a single objective: to create exceptional sustainable value and ensure profitable growth for all stakeholders.
    "MPS's €3 billion in excess capital provides us with strategic flexibility and a firepower for shareholders that few banks in Europe can match," Lovaglio said in the conference call with analysts.
    photo: Lovaglio
   

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