Banca Monte dei Paschi CEO Confident Amid Milan Prosecutors' Probe
AI Summary1 min read
TL;DR
Banca Monte dei Paschi expresses confidence in CEO Alessandro Parravicini despite a Milan prosecutors' investigation. The bank reports strong financials with EUR 82.6 billion in deposits and EUR 87.2 billion in credits, supported by its extensive branch network.
Tags
Banca Monte dei PaschiCEO Alessandro ParraviciniMilan prosecutors probebank financialsItalian banking
Banca Monte dei Paschi di Siena has reiterated its confidence in CEO Alessandro Parravicini amid a probe by Milan prosecutors. The bank's commercial, finance, and investment banking, asset management, and bank insurance divisions contribute to its EUR 82.6 billion in current deposits and EUR 87.2 billion in current credits. The group operates through a network of 1,312 branches in Italy and international subsidiaries and representative offices.
