Milan (Reuters)-Mediobanca reported on Monday a quarterly profit above expectations for the financial year 2024-2025 and revised upwards its prospects for 2026, the Italian bank seeking to repel a purchase offer no Solicited from her rival Banca Monte Dei Paschi.
The bank’s net profit in the first half – over the tax year current from July 2024 to June 2025 – increased by 7.9% in annual shift to 660 million euros, above the expectations of analysts who were Of 635 million euros.
Mediobanca announced to provide net profit of more than 1.4 billion euros as well as income of around 4 billion euros in 2026, compared to 3.8 billion previously.
The bank said that it would pay more than 4 billion euros to shareholders during the three years until 2026, against a previous objective of 3.7 billion euros.
It confirmed its objectives for the current year by providing for “low -figure growth” of the commissions, a net “resistant” interest income and a growth in action per share (BPA) of 6 to 8%.
In the first half, MediBanca’s revenues amounted to 1.85 billion euros, up 6.8%, thanks to two -figure growth in commissions and a net “solid” interest.
Analysts, in a consensus provided by the bank, anticipated revenues of 1.77 billion euros.
(Gianluca Semeraro report, Etienne Breban, written by Sophie Louet)
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