Banca Monte dei Paschi di Siena S.p.A. announced that it expects to receive €2.5 billion in funding from Ministero dell'Economia e delle Finanze, AXA SA

Banca Monte dei Paschi di Siena S.p.A. announced a private placement for total gross proceeds of €2,500,000,000 on September 15, 2022. The transaction will include participation from the company's treasury and returning investors, Ministero dell'Economia e delle Finanze and AXA SA. The method of capital increase will be through equity.

The transaction has been approved by the shareholders of the company and the company's treasury. The expected date of payment will begin between October and November.