Monte dei Paschi's board is up for renewal and a shareholder pact comprising the Monte dei Paschi banking foundation as well as Latin American investors BTG Pactual and Fintech have submitted their list of board candidates.

The list presented on Friday confirms Profumo as the bank chairman and Fabrizio Viola as its CEO, the sources said.

It remains unclear whether Profumo is prepared to stay on for three years. Press reports have said he would like to step down after a 3 billion euro capital increase is completed in May-June.

(Reporting by Silvia Ognibene and Stefano Bernabei)