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Last $1.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
BMDPY On Other Exchanges
Symbol
Exchange
Berlin
BrsaItaliana
OTC US
OTC US
As of 8:10 PM 07/21/15 All times are local (Market data is delayed by at least 15 minutes).

banca monte dei-unspon adr (BMDPY) Key Developments

Monte Dei Paschi Di Siena Has Not Yet Received Interest From Potential Partners

Banca Monte dei Paschi di Siena S.p.A. (BIT:BMPS) so far had not received formal expressions of interest from any potential partners, Fabrizio Viola, Chief Executive Officer, said, adding the priority was the rights issue. Monte dei Paschi was also looking for a partner to create a large and more profitable bank.

Banca Monte dei Paschi di Siena S.p.A. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Banca Monte dei Paschi di Siena S.p.A. reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, income from banking and insurance activities was EUR 1,267.2 million against EUR 958.6 million a year ago. Net interest income was EUR 611.9 million against EUR 445.8 million a year ago. Net operating income was EUR 159.6 million against net operation was EUR 19.37 million a year ago. Net operating income was EUR 159.6 million against net operation loss of was EUR 19.37 million a year ago. Profit before tax from continuing operations was EUR 130.2 million against loss before tax from continuing operations of EUR 202.7 million a year a ago. Profit after tax from continuing operations was EUR 85.9 million against EUR loss after tax from continuing operations of EUR 164.3 million a year ago. Net profit for the period was EUR 72.6 million against net loss of 174.1 million a year ago.

Banca Monte dei Paschi di Siena S.p.A., Q1 2015 Earnings Call, May 11, 2015

Banca Monte dei Paschi di Siena S.p.A., Q1 2015 Earnings Call, May 11, 2015

European Central Bank Has Set No Deadline For Banca Monte dei Paschi di Siena To Find Buyer

No deadline has been set by the European Central Bank for Banca Monte dei Paschi di Siena S.p.A. (BIT:BMPS) to find a buyer but wants to see precise steps in this direction, Chief Executive Officer Fabrizio Viola said. He stated that Banca Monte dei Paschi di Siena did not have any suitors for now. The European Central Bank wants "defined steps over time, without an excessive uncertainty" over the timeframe of a merger. We have said we want to get engaged. Right now we are still single," he said.

UBI Denies Merger Talks With No Banca Monte dei Paschi

Unione di Banche Italiane Scpa (BIT:UBI) said that the company was in no merger talks with Banca Monte dei Paschi di Siena S.p.A. (BIT:BMPS). The Chief Executive of UBI, Victor Massiah, said that there were no contacts with Monte over a possible tie-up and said he was in no rush to take part in industry consolidation. Massiah added that any tie-up for his bank would take place only after shareholders vote on dropping the lender's cooperative status, something that is expected to happen from September 2015 onwards.

 

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