MILAN , August 10 (Reuters) – Banco Popular in the marked rise in the Milan Stock Exchange in the wake of the second quarter results were better than expected confirming the recovery path initiated by the bank.
In particular, analysts point out the positive trend of the operating performance of ‘ institute and the decline in adjustments thanks to the strong cleaning budget in the last quarter of last year.
Shortly after 10.00 the Banco Popolare is leading the FTSE Eb marking a rise of 3.4% to EUR 15.98 compared with a rise in the 0.12% and Italian industry benchmark of 0.36%. The volumes are vibrant with nearly one million pieces already treated compared to a daily average of 3,000,000.
Banco Popolare announced Friday trading hours earnings for the second quarter of 84.3 million euro, above the expectations of anailsti, benefiting from the decrease in loan loss provisions (194 million) and taxes .
Net interest income was up 4% from the previous timestre to 402 million.
Banca Akros, better than the profit of estimates, also highlights the strong capital position that sees a CET1, when fully operational, it will rise by 11.3% to 12.4% if the impact of the sale of the share of ICBPI.
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© Thomson Reuters 2015 All prior written Reuters.
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