Banca Monte dei Paschi di Siena (MIL:BMPS)
€ 5.034 -0.038 (-0.75%) Market Cap: 6.34 Bil Enterprise Value: -980.02 Mil PE Ratio: 2.95 PB Ratio: 0.62 GF Score: 45/100
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Q1 2021 Banca Monte dei Paschi di Siena SpA Earnings Call Transcript

May 06, 2021 / 02:30PM GMT
Release Date Price: €24.3 (-1.23%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the MPS Group First Quarter 2021 Results Presentation. (Operator Instructions)

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

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

Good afternoon, everybody. Thanks for joining MPS' First Quarter 2021 Earnings Call.

Let me start with the key highlights for this quarter on Slide 2. Monte dei Paschi continues to be a pillar of the economy. Make no mistake, we continue to pay constant and careful attention to the asset quality. Loans subject to moratoria decreased over 50% versus June 2020, and observed default rate about 2% lower than what we provisioned for.

Accepted state guaranteed loans amount to about EUR 9 billion, increasing 3x versus June 2020 and allowing to put in safety about 13% of total loan book and about 25% of our corporate loan book.

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