Il Monte dei Paschi di Siena, la fusione con Bpm e il Terzo polo del credito in arrivo con Caltagirone e Del Vecchio from

Il Monte dei Paschi di Siena: Merger with BPM and the Coming of the Third Credit Pole with Caltagirone and Del Vecchio

Introduction

The Italian banking landscape is on the cusp of a major shake-up, with the impending merger of Banca Monte dei Paschi di Siena (MPS) and Banco BPM. This merger, coupled with the entry of new players such as Caltagirone and Del Vecchio, is set to create a formidable "third pole" in the Italian credit market.

The MPS-BPM Merger: A Strategic Alliance

The merger between MPS and BPM, approved by both banks' shareholders, is seen as a strategic move to consolidate the Italian banking sector and create a stronger player with a wider reach and improved profitability. The combined entity will have a market share of around 10%, making it one of the largest banks in Italy.

Benefits of the Merger

* Enhanced scale and efficiency * Diversified revenue streams * Reduced operating costs * Improved risk profile

The Rise of the Third Credit Pole

The merger between MPS and BPM is part of a broader trend towards consolidation in the Italian banking sector. This consolidation is being driven by the need to reduce costs, improve profitability, and respond to the changing regulatory landscape.

Key Players in the Third Credit Pole

* Caltagirone Group * Leonardo Del Vecchio * Other potential investors

Impact on the Market

The emergence of the third credit pole is expected to: * Increase competition in the banking sector * Provide new investment opportunities * Challenge the dominance of the two large incumbent banks

Conclusion

The merger of MPS and BPM and the rise of the third credit pole are significant developments in the Italian banking landscape. These changes are expected to reshape the industry, increase competition, and provide new opportunities for investors.