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Monte dei Paschi di Siena

Monte dei Paschi di Siena's net profit fell 3,193% yoy to EUR -1,207 mil in 4Q2019

By Helgi Library - February 19, 2020

Monte dei Paschi di Siena made a net profit of EUR -1,207 mil in the fourth quarter of 2019, down 3% when compared to the same pe...

Monte dei Paschi di Siena's net profit fell 3,193% yoy to EUR -1,207 mil in 4Q2019

By Helgi Library - February 19, 2020

Monte dei Paschi di Siena made a net profit of EUR -1,207 mil in the fourth quarter of 2019, down 3% when compared to the same pe...

Monte dei Paschi di Siena's employees fell 4.71% yoy to 22,040 in 4Q2019

By Helgi Library - February 19, 2020

Monte dei Paschi di Siena employed 22,040 persons in 2019-12-31, down 0.501% when compared to the previous year. Historically, t...

Profit Statement 2017 2018 2019
Net Interest Income EUR mil 1,775 1,730 1,597
Net Fee Income EUR mil 1,561 1,521 ...
Other Income EUR mil 1,211 484 ...
Total Revenues EUR mil 4,546 3,736 3,217
Staff Cost EUR mil 1,848 1,572 1,433
Operating Profit EUR mil 1,333 1,026 1,049
Provisions EUR mil 5,322 609 605
Net Profit EUR mil -3,106 724 -882
Balance Sheet 2017 2018 2019
Interbank Loans EUR mil 14,491 15,726 20,156
Customer Loans EUR mil 81,932 82,771 84,551
Total Assets EUR mil 139,154 130,481 132,196
Shareholders' Equity EUR mil 10,431 8,994 8,281
Interbank Borrowing EUR mil 33,976 35,149 30,235
Customer Deposits EUR mil 68,601 65,976 73,889
Issued Debt Securities EUR mil 20,461 13,136 14,154
Ratios 2017 2018 2019
ROE % -36.8 7.46 -10.2
ROA % 1.48 1.25 1.25
Costs (As % Of Assets) % 3.58 3.29 2.59
Costs (As % Of Income) % 70.7 72.5 67.4
Capital Adequacy Ratio % 15.0 15.2 15.4
Net Interest Margin % 1.21 1.28 1.22
Loans (As % Of Deposits) % 119 125 114
NPLs (As % Of Loans) % 38.9 18.2 13.2
Provisions (As % Of NPLs) % 66.7 57.1 48.8
Valuation 2017 2018 2019
Price/Earnings (P/E) ... 2.28 ...
Price/Book Value (P/BV) 0.180 0.184 0.186
Dividend Yield % 0 0 0
Earnings Per Share (EPS) EUR -6.47 0.656 -0.800
Book Value Per Share EUR 21.7 8.15 7.50
Dividend Per Share EUR 0 0 0

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summary Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                
Net Interest Income EUR mil                                   2,142 2,150 2,248 2,016 1,775    
Total Revenues EUR mil                                   4,290 4,591 5,859 4,770 4,546    
Operating Profit EUR mil                                   1,192 1,501 2,657 1,349 1,333    
Net Profit EUR mil                                   -1,316 -4,334 491 -3,211 -3,106    
balance sheet                                                
Interbank Loans EUR mil                                   16,757 15,554 18,213 17,791 14,491    
Customer Loans EUR mil                                   127,861 115,534 106,680 97,838 81,932    
Debt Securities EUR mil                                   30,837 24,923 24,505 21,773 20,837    
Total Assets EUR mil                                   198,461 179,918 169,012 153,178 139,154    
Shareholders' Equity EUR mil                                   6,181 5,793 9,623 6,460 10,431    
Interbank Borrowing EUR mil                                   63,423 54,192 40,616 59,431 33,976    
Customer Deposits EUR mil                                   69,190 71,987 77,231 55,407 68,601    
Issued Debt Securities EUR mil                                   36,562 30,455 29,394 22,348 20,461    
ratios                                                
ROE % ...                                 -21.1 -72.4 6.37 -39.9 -36.8    
ROA % ...                                 0.891 1.23 2.39 1.32 1.48    
Costs (As % Of Assets) % ...                                 2.31 2.54 2.88 3.35 3.58    
Costs (As % Of Income) %                                   72.2 67.3 54.7 71.7 70.7    
Capital Adequacy Ratio % ...                                 14.7 12.8 16.0 10.4 15.0    
Net Interest Margin % ...                                 1.03 1.14 1.29 1.25 1.21    
Interest Income (As % Of Revenues) %                                   49.9 46.8 38.4 42.3 39.0    
Fee Income (As % Of Revenues) %                                   38.6 37.0 30.9 38.6 34.3   ...
Staff Cost (As % Of Total Cost) %                                   56.3 66.4 52.2 50.5 57.5    
Equity (As % Of Assets) %                                   4.83 5.01 9.02 6.60 12.7    
Loans (As % Of Deposits) %                                   185 160 138 177 119    
Loans (As % Assets) %                                   64.4 64.2 63.1 63.9 58.9    
NPLs (As % Of Loans) %                                   25.1 32.7 36.0 36.9 38.9    
Provisions (As % Of NPLs) % ... ...                               43.6 50.9 49.9 57.1 66.7    
valuation                                                
Market Capitalisation (End Of Period) USD mil ... ... ...                             2,812 2,910 3,925 466 5,024    
Number Of Shares (Average) mil ... ... ... ... ... ... ... ...                   4.57 6.61 22.7 29.3 480    
Share Price (End Of Period) EUR ... ... ...                             446 191 123 15.1 3.91    
Earnings Per Share (EPS) EUR ... ... ... ... ... ... ... ...                   -288 -655 21.6 -110 -6.47    
Book Value Per Share EUR ... ... ... ... ... ... ... ...                   1,352 876 424 220 21.7    
Dividend Per Share EUR ... ... ...                       ...     0 0 0 0 0    
Price/Earnings (P/E) ... ... ... ... ... ... ... ...                 ... ... ... 5.70 ... ...   ...
Price/Book Value (P/BV) ... ... ... ... ... ... ... ...                   0.330 0.218 0.291 0.068 0.180    
Dividend Yield % ... ... ...                       ...     0 0 0 0 0    
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ...                 5.71 128 -103 -607 -94.1    
Book Value Per Share Growth % ...                                 -3.63 -35.2 -51.6 -48.0 -90.1    
income statement Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                
Interest Income EUR mil                                   6,000 5,100 4,106 3,331 2,691   ...
Interest Cost EUR mil                                   3,858 2,950 1,858 1,315 917   ...
Net Interest Income EUR mil                                   2,142 2,150 2,248 2,016 1,775    
Net Fee Income EUR mil                                   1,658 1,698 1,810 1,839 1,561   ...
Other Income EUR mil                                   491 743 1,801 916 1,211   ...
Total Revenues EUR mil                                   4,290 4,591 5,859 4,770 4,546    
Staff Cost EUR mil                                   1,743 2,052 1,670 1,728 1,848    
Depreciation EUR mil ... ... ... ... ... ... ... ... ... ... ...             85.5 117 120 109 133   ...
Other Cost EUR mil ... ... ... ... ... ... ... ... ... ... ...             1,269 920 1,412 1,585 1,233   ...
Operating Cost EUR mil                                   3,097 3,090 3,202 3,422 3,214    
Operating Profit EUR mil                                   1,192 1,501 2,657 1,349 1,333    
Provisions EUR mil                                   2,750 7,821 1,991 4,467 5,322    
Extra and Other Cost EUR mil                                   393 195 134 63.3 275    
Pre-Tax Profit EUR mil                                   -1,951 -6,515 532 -3,182 -4,264    
Tax EUR mil                                   -636 -2,177 39.7 19.1 -1,158    
Minorities EUR mil                                   2.04 -4.38 1.77 9.74 0.094    
Net Profit EUR mil                                   -1,316 -4,334 491 -3,211 -3,106    
Dividends EUR mil                             ...     0 0 0 0 0    
growth rates                                                
Net Interest Income Growth % ...                                 -24.8 0.379 4.57 -10.3 -11.9    
Net Fee Income Growth % ...                                 1.51 2.43 6.61 1.63 -15.1   ...
Total Revenue Growth % ...                                 -18.9 7.01 27.6 -18.6 -4.70    
Operating Cost Growth % ...                                 -17.0 -0.252 3.64 6.87 -6.08    
Operating Profit Growth % ...                                 -23.4 25.9 77.0 -49.2 -1.19    
Pre-Tax Profit Growth % ...                                 28.1 234 -108 -698 34.0    
Net Profit Growth % ...                                 7.22 229 -111 -754 -3.26    
balance sheet Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                                
Cash EUR mil                                   877 1,007 1,189 1,085 4,092    
Interbank Loans EUR mil                                   16,757 15,554 18,213 17,791 14,491    
Customer Loans EUR mil                                   127,861 115,534 106,680 97,838 81,932    
Retail Loans EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 73,464 61,505    
Mortgage Loans EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 62,201 52,948    
Consumer Loans EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 11,263 8,557    
Debt Securities EUR mil                                   30,837 24,923 24,505 21,773 20,837    
Fixed Assets EUR mil                                   2,884 2,787 2,742 2,597 2,614   ...
Intangible Assets EUR mil                                   1,162 442 400 346 283    
Goodwill EUR mil ... ... ... ...                           670 7.90 7.90 7.90 7.90    
Total Assets EUR mil                                   198,461 179,918 169,012 153,178 139,154    
Shareholders' Equity EUR mil                                   6,181 5,793 9,623 6,460 10,431    
Of Which Minority Interest EUR mil                                   33.2 23.6 26.3 34.9 2.28    
Liabilities EUR mil                                   192,280 174,125 159,389 146,718 128,723    
Interbank Borrowing EUR mil                                   63,423 54,192 40,616 59,431 33,976    
Customer Deposits EUR mil                                   69,190 71,987 77,231 55,407 68,601    
Sight Deposits EUR mil                                   55,076 53,373 54,575 40,973 51,466    
Term Deposits EUR mil                                   8,003 10,800 14,343 10,134 10,628    
Issued Debt Securities EUR mil                                   36,562 30,455 29,394 22,348 20,461    
Subordinated Debt EUR mil ... ... ... ... ... ...         ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Other Liabilities EUR mil                                   23,106 17,491 12,147 9,533 5,686    
asset quality                                                
Non-Performing Loans EUR mil                                   36,062 45,329 46,862 45,787 42,985    
Gross Loans EUR mil                                   143,575 138,619 130,044 123,992 110,593    
Total Provisions EUR mil ... ...                               15,714 23,086 23,364 26,154 28,661    
growth rates                                                
Customer Loan Growth % ...                                 -8.55 -9.64 -7.66 -8.29 -16.3    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -16.3    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -14.9    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -24.0    
Total Asset Growth % ...                                 -9.33 -9.34 -6.06 -9.37 -9.16    
Shareholders' Equity Growth % ...                                 -2.25 -6.28 66.1 -32.9 61.5    
Customer Deposit Growth % ...                                 2.56 4.04 7.29 -28.3 23.8    
ratios Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                                                
ROE % ...                                 -21.1 -72.4 6.37 -39.9 -36.8    
ROA % ...                                 0.891 1.23 2.39 1.32 1.48    
Costs (As % Of Assets) % ...                                 2.31 2.54 2.88 3.35 3.58    
Costs (As % Of Income) %                                   72.2 67.3 54.7 71.7 70.7    
Capital Adequacy Ratio % ...                                 14.7 12.8 16.0 10.4 15.0    
Tier 1 Ratio % ...                                 10.5 8.45 12.9 8.17 14.8    
Net Interest Margin % ...                                 1.03 1.14 1.29 1.25 1.21    
Interest Spread % ...                                 0.969 1.09 1.24 1.21 1.18   ...
Asset Yield % ...                                 2.88 2.70 2.35 2.07 1.84    
Cost Of Liabilities % ...                                 1.91 1.61 1.11 0.859 0.666   ...
Payout Ratio %                             ...     0 0 0 0 0    
Interest Income (As % Of Revenues) %                                   49.9 46.8 38.4 42.3 39.0    
Fee Income (As % Of Revenues) %                                   38.6 37.0 30.9 38.6 34.3   ...
Other Income (As % Of Revenues) %                                   11.4 16.2 30.7 19.2 26.6   ...
Cost Per Employee USD per month                   ...               6,787 8,492 6,201 6,037 7,369    
Cost Per Employee (Local Currency) EUR per month                   ...               5,112 6,588 5,409 5,631 6,562    
Staff Cost (As % Of Total Cost) %                                   56.3 66.4 52.2 50.5 57.5    
Equity (As % Of Assets) %                                   4.83 5.01 9.02 6.60 12.7    
Loans (As % Of Deposits) %                                   185 160 138 177 119    
Loans (As % Assets) %                                   64.4 64.2 63.1 63.9 58.9    
NPLs (As % Of Loans) %                                   25.1 32.7 36.0 36.9 38.9    
Provisions (As % Of NPLs) % ... ...                               43.6 50.9 49.9 57.1 66.7    
Provisions (As % Of Loans) % ... ...                               12.3 20.0 21.9 26.7 35.0    
Cost of Provisions (As % Of Loans) % ...                                 2.05 6.43 1.79 4.37 5.92    
other data Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
other data                                                
Branches ... ...                     ... ... ...     2,373 2,623 2,548 2,032 1,745    
Employees                   ...               28,417 25,961 25,731 25,566 23,463    
Sight (As % Of Customer Deposits) %                                   79.6 74.1 70.7 73.9 75.0    
Risk-Weighted Assets EUR mil ... ... ... ... ... ... ... ...                   83,749 76,302 70,829 65,522 60,562    
Return on Loans %                                   -0.984 -3.56 0.442 -3.14 -3.46    
Operating Profit (As % of Loans) % ...                                 0.891 1.23 2.39 1.32 1.48    
Costs (As % Of Loans) % ...                                 2.31 2.54 2.88 3.35 3.58    
Equity (As % Of Loans) %                                   4.83 5.01 9.02 6.60 12.7    

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Monte dei Paschi di Siena's employees fell 4.71% yoy to 22,040 in 4Q2019

By Helgi Library - February 19, 2020

Monte dei Paschi di Siena employed 22,040 persons in 2019-12-31, down 0.501% when compared to the previous year. Historically, the bank's workforce hit an all time high of 33,629 persons in 2008-06-30 and an all time low of 22,040 in 2019-12-31. Average cost reach...

Monte dei Paschi di Siena's capital adequacy ratio rose 1.25% yoy to 15.4% in 4Q2019

By Helgi Library - February 19, 2020

Monte dei Paschi di Siena's capital adequacy ratio reached 15.4% at the end of fourth quarter of 2019, down from 16.8% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 17.6% in 2Q2014 and an all time low of 2.76%...

Monte dei Paschi di Siena's market capitalisation (end of period) fell 5.77% to USD 1,733 mil in 4Q2019

By Helgi Library - February 19, 2020

Monte dei Paschi di Siena stock traded at EUR 1.40 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 1,733 mil. Over the last five years, the stock has depreciated by 99.3 implying an annual average growth of -62.6% In...

Monte dei Paschi di Siena's capital adequacy ratio rose 1.25% yoy to 15.4% in 4Q2019

By Helgi Library - February 19, 2020

Monte dei Paschi di Siena's capital adequacy ratio reached 15.4% at the end of fourth quarter of 2019, down from 16.8% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 17.6% in 2Q2014 and an all time low of 2.76%...

Monte dei Paschi di Siena's market capitalisation (end of period) fell 5.77% to USD 1,733 mil in 4Q2019

By Helgi Library - February 19, 2020

Monte dei Paschi di Siena stock traded at EUR 1.40 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 1,733 mil. Over the last five years, the stock has depreciated by 99.3 implying an annual average growth of -62.6% In...

Monte dei Paschi di Siena's npls (as % of loans) fell 27.4% yoy to 13.2% in 4Q2019

By Helgi Library - February 19, 2020

Monte dei Paschi di Siena's non-performing loans reached 13.2% of total loans at the end of 2019-12-31, down from 18.2% compared to the previous year. Historically, the NPL ratio hit an all time high of 39.3% in 2017-09-30 and an all time low of 1.45% in 2002-12-...

Monte dei Paschi di Siena's npls (as % of loans) fell 27.4% yoy to 13.2% in 4Q2019

By Helgi Library - February 19, 2020

Monte dei Paschi di Siena's non-performing loans reached 13.2% of total loans at the end of 2019-12-31, down from 18.2% compared to the previous year. Historically, the NPL ratio hit an all time high of 39.3% in 2017-09-30 and an all time low of 1.45% in 2002-12-...

Monte dei Paschi di Siena's price/earnings (P/E) fell 103% yoy to -0.320 in 4Q2019

By Helgi Library - February 19, 2020

Monte dei Paschi di Siena stock traded at EUR 1.40 per share at the end fourth quarter of 2019 implying a market capitalization of USD 1,733 mil. Since the end of 4Q2014, the stock has depreciated by -99.3 % implying an annual average growth of -62.6 %. In absolute te...

Monte dei Paschi di Siena's price/earnings (P/E) fell 103% yoy to -0.320 in 4Q2019

By Helgi Library - February 19, 2020

Monte dei Paschi di Siena stock traded at EUR 1.40 per share at the end fourth quarter of 2019 implying a market capitalization of USD 1,733 mil. Since the end of 4Q2014, the stock has depreciated by -99.3 % implying an annual average growth of -62.6 %. In absolute te...

Monte dei Paschi di Siena's retail loan growth fell 223% yoy to -9.96% in 4Q2019

By Helgi Library - February 19, 2020

Monte dei Paschi di Siena's retail loans reached EUR 53,672 mil at the end of 2019-12-31, down 0.672% compared to the previous year. In the last decade, the average annual loan growth amounted to 0%. Overall, retail loans accounted for 63.5% of the bank's l...

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