Source: eKapija | Wednesday, 08.02.2017.| 11:22
Highlight an article Print out the news

Intesa Sanpaolo Group has EUR 3.11 billion in net profit in 2016

(Photo: wael khalil alfuzai/shutterstock.com)
The Italian banking group Intesa Sanpaolo recorded a net profit of EUR 3.11 billion in 2016, a growth compared to EUR 2.73 billion in 2015, the Group's report says.

As the bank reported, a net profit of EUR 776 million was recorded in the fourth quarter of 2016, compared to EUR 628 million in the third quarter.

In the fourth quarter of 2016, net operating income rose to EUR 1,816 million, an increase of 19.4% compared to the fourth quarter of 2015 which marks an apparent growth trend compared to year-over-year trends from previous quarters of 2016, the report says.

Furthermore, the operating income in the last three months of 2016 amounted to EUR 4.17 billion, a growth of 4.5% compared to the corresponding quarter of 2015.

Operating expenses also dropped to EUR 8.67 billion and were lower by 0.7% compared to the previous year, due to lower administrative expenditurs, which had been cut by 3.7%, and the mostly stable staff costs, the report adds.

The gross profit in the final quarter of 2016 reached EUR 1.55 billion, compared to EUR 508 million in the fourth quarter of 2015, the report says.
Only logged-in users can comment.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Testiraj besplatno!
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Testiraj besplatno!
Full information is available to commercial users-subscribers only.
Testiraj besplatno!

Log in to view complete information:
Forgot your password? Click here HERE
For free test use, click HERE