Italy's long struggling nut recently
rejuvenated and nationalised Tuscan lender Monte dei Paschi di
Siena (MPS), which is seeking a private partner, on Tuesday
posted better-than-expected Q1 profit up 41.2% to 333 million
euros.
The world's oldest continually operating bank, which is expected
to return to private hands once a major investor is found, had
been expected to post a profit of 281 million euros.
MPS said it expected to post a pre-tax profit of around 1.3
billion euros this year.
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