BPER Banca Posts Strong Nine Month Profit Growth
Italy's BPER Banca reported a 16.4 percent increase in adjusted net profit for the first nine months. The bank also raised its full year guidance and announced an interim dividend.
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BPER BANCA SPA posted an adjusted net profit of €2.01 billion ($2.26 billion), up 16.4% year-on-year for the first nine months. The result arrives as Italy watches a potential banking consolidation wave unfold. Higher profit gives the lender strong capital backing ahead of structural changes.
