Speaking at a Mediobanca conference in Milan, Lovaglio characterized independence as a vital asset for the bank’s stakeholders. He emphasized that Monte dei Paschi’s current standing benefits its workforce, local regions, and the broader national economy by providing a necessary alternative to larger, consolidated entities.

Regarding ongoing market movements, Lovaglio noted that his bank is strictly adhering to the passivity rule sparked by Intesa Sanpaolo’s takeover bid. He framed this compliance as a procedural safeguard intended to shield shareholder interests during a period of shifting corporate control.