Banca Monte dei Paschi di Siena (FRA:MPI0)
€ 4.934 0.107 (2.22%) Market Cap: 6.18 Bil Enterprise Value: -1.14 Bil PE Ratio: 2.88 PB Ratio: 0.60 GF Score: 43/100
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Full Year 2019 Banca Monte dei Paschi di Siena SpA Earnings Call Transcript

Feb 07, 2020 / 11:00AM GMT
Release Date Price: €22.6 (+3.65%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the MPS Group Full Year 2019 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Marco Morelli, Chief Executive Officer and General Manager of MPS. Please go ahead, sir.

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

Good morning, everybody, and thanks for attending our year-end '19 results. As usual, we will try to shed light on what we did during the year and especially in the last quarter. But I would also like to sort of put 2019 in the context of the journey and the work done in the last 3 years, considering the tenure of the current Board, as everybody knows gets to an end with the AGM at the beginning of next trade, April, which will approve the 2019 number.

I think 2019 is another step forward in the consolidation of the commercial presence of the bank. I think our people did a great job to demonstrate that in a deteriorated macro environment and in

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