MPS Leasing and Factoring has reported an 21 per cent
increase in net profits for its third quarter.
The leasing and factoring arm of Monte dei Paschi di Siena,
Italy’s oldest bank, has totalled profits of around €18
million, and increased its leasing market share by 130 base points
compared to last year.
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The production of leasing contracts was around 20 per cent up,
with 7.317 contracts and a total value of €1.36 billion.
The results, which include the performance of MPS Commerciale
Leasing, part of the Siena-based group, also showed a €4.43 billion
turnover in its factoring activities, over 17 per cent up compared
to last year.
MPS Leasing and Factoring was created in 2001 and is totally
owned by Monte dei Paschi di Siena, which was founded in 1472 and
is among the top five banks in the Italian market.
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