Monte dei Paschi di Siena (MPS),
Italy's fourth-biggest and the world's oldest bank, on Monday
posted 2021 profits of 310 million euros, the best result since
2015.
It is also one of the best results in the last decade, in which
the Siena-based bank has racked up some 23.5 billion euros in
losses.
In 2020 MPS posted a loss of 1.69 billion euros.
Talks between the Treasury and Italy's second biggest bank
UniCredit for a takeover of the troubled Sienese bank broke down
at the end of October.
The Treasury has 64.2% of MPS's share capital.
The MPS board on Monday named Luigi Lovaglio CEO and general
manager, replacing Guido Bastianini.
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