Q1 2023 Banca Monte dei Paschi di Siena SpA Earnings Call Transcript

Feb 12, 2024

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May 09, 2023 / 07:00AM GMT
Operator

Good morning. This is still Chorus Call conference operator. Welcome and thank you for joining the MPS Group First Quarter 2023 Results Presentation. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Luigi Lovaglio, CEO of MPS. Please go ahead, sir.

Luigi Lovaglio - Banca Monte dei Paschi di Siena S.p.A. - CEO, GM & Director

Thank you very much. Good morning, everybody. Many thanks for joining us for Monte Paschi first quarter results. I'm pleased to present today a very good set of results. Monte Paschi is back, and in good and healthy shape, and the business plan targets are really concrete and at sight. The same quarter last year when we charged the one-off extraordinary costs relating to voluntary exit of more than 4,000 colleagues from the first of December, it was the Monte Paschi turning point.

Fourth quarter, we started to report one month of such structural benefits. Today, with the first quarter results, we provide facts about our sustainable profitability with makes easily understandable what

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