06-05-2025
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 (
, opens new tab on Tuesday posted a 19% rise in its first-quarter net profit, citing a good performance in its core banking business.
The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.
"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.
Advertisement · Scroll to continue
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
Our Standards: The Thomson Reuters Trust Principles. , opens new tab
Share X
Facebook
Linkedin
Email
Link
Purchase Licensing Rights
