Monte dei Paschi Targets 3.7 Billion Euro Profit by 2030

Italy's Monte dei Paschi expects to complete its merger with Mediobanca by the end of 2026. The bank aims for a combined profit of 3.7 billion euros by 2030.

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Monte dei Paschi di Siena has announced a definitive timeline for its merger with Mediobanca Banca di Credito Finanziario S.p.A., aiming to finalize the transaction by the end of the year. This strategic consolidation is set to reshape the financial landscape in Italy as the two institutions integrate their operations.

A view of the Mediobanca corporate logo at its headquarters in Milan, Italy, as shown in a file photograph. REUTERS/Flavio Lo Scalzo/File Photo
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