86 Days
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الاقتصادية
Source: الاقتصادية
86 Daysالاقتصادية
Source: الاقتصادية
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Although the Italian Banco BPM failed to complete its merger deal with Banca Monte dei Paschi di Siena (MPS), it has raised its financial outlook for 2026 following strong profits in the second quarter of the year. The bank reported a net income of €581 million, surpassing analysts’ expectations. The bank confirmed that dividends could exceed one euro per share, based on a net profit of over €1.95 billion, and has increased its shareholder rewards forecast to around €7 billion for the period from 2024 to 2027. This comes after the bank decided to abandon its merger plan with MPS due to a lack of progress, as the main shareholder, Crédit Agricole, saw no value in the deal and preferred to merge Banco BPM with its Italian subsidiary as part of a broader domestic banking consolidation. The Italian banking sector continues to witness a wave of mergers and acquisitions aimed at boosting profitability and competitiveness, while Banco BPM’s strategic options remain under close observation by investors.
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