Italy's Monte dei Paschi is focused on its takeover offer for Mediobanca , its chief executive said on Thursday, adding further deals would be something the state-backed bank could consider only in the future.

Italy is working on a new decree which is set to reimpose most of its conditions for UniCredit SpA’s planned takeover of Banco BPM SpA, underscoring Rome’s continued resistance to the bid.

Italy's UniCredit posted a sharp rise in quarterly profit on Wednesday despite lower revenues, a day after it withdrew its offer for smaller rival Banco BPM due to government interference.