Intesa Sanpaolo: quarterly net profit up by almost 18
The Italian bank saw its operating margin improve by 18.2% to 4.16 billion, with operating costs up by only 1.3%, while operating revenues climbed by 11.1% to 6.73 billion, driven by net interest income (+20.8%).
Intesa Sanpaolo added that it "continues to act as a growth gas pedal for the real economy in Italy", with around nine billion euros of new medium-to-long-term loans granted to companies and households in the first quarter.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction