DOLAR 16,1920
EURO 17,4658
ALTIN 965,28
BIST 2.438,84
Adana Adıyaman Afyon Ağrı Aksaray Amasya Ankara Antalya Ardahan Artvin Aydın Balıkesir Bartın Batman Bayburt Bilecik Bingöl Bitlis Bolu Burdur Bursa Çanakkale Çankırı Çorum Denizli Diyarbakır Düzce Edirne Elazığ Erzincan Erzurum Eskişehir Gaziantep Giresun Gümüşhane Hakkari Hatay Iğdır Isparta İstanbul İzmir K.Maraş Karabük Karaman Kars Kastamonu Kayseri Kırıkkale Kırklareli Kırşehir Kilis Kocaeli Konya Kütahya Malatya Manisa Mardin Mersin Muğla Muş Nevşehir Niğde Ordu Osmaniye Rize Sakarya Samsun Siirt Sinop Sivas Şanlıurfa Şırnak Tekirdağ Tokat Trabzon Tunceli Uşak Van Yalova Yozgat Zonguldak
İstanbul 29°C
Parçalı Bulutlu
İstanbul
29°C
Parçalı Bulutlu
Paz 27°C
Pts 26°C
Sal 25°C
Çar 25°C

Profit at Italy’s BPER falls less than expected as loan writedowns shrink

12.05.2022
A+
A-

MILAN – Italy’s fifth-largest lender BPER Banca on Monday reported a smaller-than-expected drop in first quarter profit helped by higher revenues and lower loan writedowns.

BPER has minimal exposure to Russia, unlike larger peers UniCredit and Intesa Sanpaolo which had to book large provisions against loan losses in the first quarter to cover for risks stemming from the Ukraine crisis.

BPER said loan loss provisions totalled 113 million euros, sharply down from 419 million euros a year before.

Net profit for the three months through March was 113 million euros ($119 million), down 72% from 400 million euros a year ago, when it included an around 1 billion euro positive accounting effect stemming from the acquisition of branches.

The figure came significantly above an average forecast of 72 million euros in a Reuters analyst poll.

Revenues rose 9.6% year-on-year driven by higher net interest income and fees as BPER‘s expanded its domestic footprint by buying branches that Intesa Sanpaolo was forced to offload when it took over rival UBI.

It said revenues were expected to grow in 2022 barring a significant worsening of the geopolitical situation.

BPER in February agreed to buy troubled rival Carige in a deal that propels it further along the expansion path set out by leading shareholder UnipolSAI, which is looking to build a wide distribution network for its insurance products.

The deal, which will further lift BPER‘s assets to more than 155 billion euros making it Italy’s No.4 lender, is expected to close at the beginning of June, slightly earlier than planned.

BPER will present a new business plan after finalising the acquisition of Carige. ($1 = 0.9488 euros)

YORUMLAR

Henüz yorum yapılmamış. İlk yorumu yukarıdaki form aracılığıyla siz yapabilirsiniz.

instagram volgers kopen volgers kopen buy windows 10 pro buy windows 11 pro