Monte dei Paschi targets 3.7 billion euro profit in 2030 for combined group with Mediobanca
Monte dei Paschi di Siena announced it plans to finalize its merger with Mediobanca by year-end, targeting €3.7 billion in combined profits by 2030. The move signals a bold push to strengthen its position in Italy’s banking sector through strategic consolidation.
February 27, 2026
Valentina Za/Reuters
FILE PHOTO: The entrance of Monte Dei Paschi di Siena is seen in San Gusme near Siena, Italy, September 29, 2016.
Stefano Rellandini/Reuters
Italy's Monte dei Paschi di Siena BMPS.MI said on Friday it would complete the merger with Mediobanca MDBI.MI by the end of the year and aim to reach a profit of 3.7 billion euros ($4.4 billion) for the combined group in 2030.
($1 = 0.8470 euros)
-Valentina Za/Reuters
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