Monte Paschi Profit Surpasses Estimates on Lower Provisions

Updated on
  • Bad-loan provisions drop to the lowest in four years
  • Decline in deposits offset by increase in repo funding

Banca Monte dei Paschi di Siena SpA, the Italian bank seeking a buyer to shore up its finances, posted first-quarter profit that beat analysts’ estimates as bad-loan provisions declined to a four-year low.

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