Italian bank Popolare Sondrio records 19% rise in first-quarter net profit
The logo of Banca Popolare di Sondrio bank is pictured outside a company's branch, in Monza, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo/File photo Purchase Licensing Rights , opens new tab
May 6 (Reuters) - Italy's Banca Popolare di Sondrio (BPSI.MI)
, opens new tab on Tuesday posted a 19% rise in its first-quarter net profit, citing a good performance in its core banking business.
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"The reported results constitute the best way forward in the implementation of the new business plan 2025-2027," CEO Mario Alberto Pedranzini said in a statement.
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The bank also appointed director Pierluigi Molla as chairman until the end of his mandate in 2026.
($1 = 0.8816 euros)
Reporting by Philippe Leroy Beaulieu in Gdansk; Editing by Jan Harvey
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