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Bper, quarter profit rises to 400 million, Ubi network effect

2021-05-09T06:13:14.257Z


Bper closed the first quarter of the year with a net profit of around 400 million euros, compared to a substantial breakeven in the same period of 2020. (ANSA)


(ANSA) - MILAN, 07 MAY - Bper closed the first quarter of the year with a net profit of about 400 million euros, in the face of a substantial breakeven in the same period of 2020.


   The result was influenced by a series of

extraordinary

components, including 781.5 million badwill, linked to the acquisition of Ubi Banca branches.

Net of non-recurring items, a note reads, the profit before taxes was 105.5 million.


    The completion of the acquisition of the Ubi branches "makes Bper the third largest Italian banking group for total collection" and "will allow us, in a context of gradual removal of restrictions, to focus our energy on commercial development, in order to increase customer services , and, at the same time, to make our structure more efficient, maintaining a strong tension on the continuous process of improving the quality of assets ", declared the CEO Pier Luigi Montani. (HANDLE).


Source: ansa

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