# Monte dei Paschi di Siena financial and strategic updates > Live situation record from CLSTR: https://clstr.news/situations/monte-dei-paschi-di-siena-financial-developments > Updated: 2026-09-10T10:47:46.000Z. Sources: 22. Developments: 5. Monte dei Paschi di Siena (MPS) reported a record net profit of more than €1.1 billion for the first half of 2026, a 25% year-on-year increase. The bank previously announced plans to exercise an option for the early redemption of a €500 million senior note on September 5, 2026. The European Central Bank (ECB) has granted regulatory approval for the merger of Mediobanca into MPS via incorporation. This decision clears the way for an upcoming shareholder vote on October 29, where investors will decide on the merger, corporate reorganization, and statutory changes. The ECB has also approved the suitability of Alessandro Caltagirone and Gianluca Brancadoro to be co-opted into the Board of Directors. These developments support MPS’s proposed public exchange offers for Banco BPM and Banca Generali, which CEO Luigi Lovaglio aims to launch by mid-December if the shareholder vote succeeds. As the bank navigates these strategic shifts, Intesa Sanpaolo is moving forward with its takeover bid for MPS. Intesa Sanpaolo is pursuing a major consolidation of the Italian banking sector with a €30.6 billion offer for MPS. In response to the offer, MPS has proposed defensive transactions involving Banco BPM and Banca Generali to protect its independence. On September 10, 2026, Intesa Sanpaolo shareholders overwhelmingly approved a proposal to authorize the board of directors to increase capital to facilitate the voluntary takeover bid and exchange offer for MPS. The resolution, which received approximately 96.96% approval, grants the board authority until September 10, 2027, to increase social capital through the issuance of up to 5.7 billion new ordinary shares to fund the acquisition. CEO Carlo Messina stated that the integration is a key step toward building a “leading European banking group,” outlining ambitious targets for 2029. Political debate continues regarding the bank’s ownership. ## Claims - Intesa Sanpaolo shareholders approved a capital increase to support the voluntary tender and exchange offer for Monte dei Paschi di Siena. (corroborated by 8 sources) - The resolution was approved with 96.96% of the shares represented voting in favor. (corroborated by 8 sources) - The board of directors is authorized to issue up to 5.7 billion new ordinary shares by September 10, 2027. (corroborated by 8 sources) - The ECB has authorized the merger of Mediobanca into Monte dei Paschi di Siena (MPS). (corroborated by 7 sources) - MPS shareholders will vote on the Mediobanca merger and other strategic operations on October 29. (corroborated by 6 sources) - The ECB approved the suitability of Alessandro Caltagirone and Gianluca Brancadoro to join the MPS board. (corroborated by 5 sources) - MPS aims to launch public offers for Banco BPM and Banca Generali by mid-December. (corroborated by 2 sources) - Vice Premier Antonio Tajani expressed support for privatizing the Treasury's remaining 4.8% stake in MPS. (corroborated by 2 sources) - Intesa Sanpaolo aims to serve over 27 million customers and generate more than €16 billion in net income by 2029. (corroborated by 2 sources) - MPS successfully placed a 500 million euro Green Tier 2 bond with a 10.5-year maturity. (single source) - Intesa Sanpaolo has made a €30.6 billion offer for Monte dei Paschi di Siena. (single source) - Intesa Sanpaolo expects to gain approximately €2.9 billion in financial benefits from the deal. (single source) ## Timeline ### 2026-09-10: Intesa Sanpaolo shareholders approve capital increase for MPS takeover Intesa Sanpaolo shareholders approved a capital increase with 96.96% support to fund a tender offer for Monte dei Paschi di Siena, aiming to create a leading European banking group by 2029. 10 sources. https://clstr.news/cluster/intesa-sanpaolo-shareholders-approve-capital-increase-for-mps-takeover ### 2026-09-08: Intesa Sanpaolo proposes €30.6 billion takeover of Monte dei Paschi di Siena Intesa Sanpaolo has proposed a €30.6 billion takeover of Monte dei Paschi di Siena, aiming for significant banking consolidation in Italy. FinecoBank shares also saw a 1.1% decline in Milan. 3 sources. https://clstr.news/cluster/intesa-sanpaolo-faces-decisive-vote-on-306-billion-mps-acquisition ### 2026-09-03: Monte dei Paschi di Siena receives ECB approval for Mediobanca merger The ECB has approved the merger of Mediobanca into Monte dei Paschi di Siena (MPS). MPS shareholders will vote on the deal on October 29, alongside other strategic moves and an Intesa Sanpaolo takeover bid. 10 sources. https://clstr.news/cluster/monte-dei-paschi-di-siena-secures-500m-green-bond-and-ecb-merger-approval ### 2026-08-18: Banca Monte dei Paschi di Siena to redeem EUR 500 million bond early Banca Monte dei Paschi di Siena will early redeem EUR 500 million in senior notes on September 5, 2026, a full year ahead of their scheduled maturity. 2 sources. https://clstr.news/cluster/banca-monte-dei-paschi-di-siena-to-redeem-eur-500-million-bond-early ### 2026-08-06: Monte dei Paschi di Siena posts record first‑half profit as Mediobanca integration advances MPS posted a €1.1 bn first‑half profit and is set to complete Mediobanca integration, while Mediobanca posted record earnings; Cassa Centrale Banca’s CEO steps down after 30 years. 4 sources. https://clstr.news/cluster/italian-banks-banca-mps-posts-record-profit-while-cassa-centrale-banca-ceo-steps-down --- Cite as: Monte dei Paschi di Siena financial and strategic updates. CLSTR, https://clstr.news/situations/monte-dei-paschi-di-siena-financial-developments