Friday, August 5, 2011

Intesa Sanpaolo's Profit Slips

Friday, August 5, 2011

MILAN—Intesa Sanpaolo's first-quarter net profit fell as declining provisions against bad loans were outpaced by lower net interest income and weaker commissions.

The Milan-based lender said Friday its net profit in the quarter ended March 31 was €661 million ($941.2 million), down from €688 million a year earlier.

Intesa Sanpaolo, Italy's largest retail ...

Powered By | Full Text RSS Feed | Amazon Plugin | Settlement Statement | WordPress Tutorials

View the original article here


Post a Comment