Milan, Feb. 6 (LaPresse) – In 2024, Monte dei Paschi di Siena (MPS) recorded a net profit attributable to the Parent Company of €1.951 billion as of December 31, 2024, compared to a profit of €2.052 billion in 2023, which had benefited from net releases in the provisions for risks and charges.
This was announced by MPS in a statement on its preliminary consolidated results as of December 31, 2024. The net profit of €1.951 billion in 2024 represents a 4.9% decrease compared to the previous year.
"The net profit for the fourth quarter is €385 million (€407 million in the previous quarter)," the bank's statement continues.
MPS also highlights in its report the "progressive value creation," with over €1 billion in dividends (€0.86 per share; a 75% payout ratio on pre-tax profit), corresponding to a 14% dividend yield, among the highest in the sector.