Banco Popolare FY net seen up 25 pct, may cut revenue growth target - survey |
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Sun, 14 Oct 2007 20:53
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MILAN (Thomson Financial) - Banco Popolare is expected to book a full-year net profit above 1.2 bln eur, up 25 pct from 2006, thanks to 700 mln eur extraordinary gains and after a 145 mln write-down on its Banca Italease stake, according to a survey in Il Sole 24 Ore.Net interest income is seen rising 6 pct to 2.3 bln eur this year thanks to double-digit growth in loans, it said.Banco Popolare, however, may cut its 9 pct average annual growth target for revenues excluding synergies in 2007-2010 due to uncertainties over the economy, it said.A decision will be taken by the end of November, when the business plan will be updated to 2011, it said.danilo.masoni@thomson.comdm/hjpCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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