Mediobanca Fourth-Quarter Profit Rises on Lower Provisions
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Mediobanca SpA said fiscal fourth-quarter profit rose 31 percent as it set aside less money for bad loans. Italy’s biggest publicly-traded investment bank proposed a higher dividend.
Net income climbed to 162.1 million euros ($180.5 million) in the three months through June from 124.2 million euros a year earlier, the Milan-based company said in a stock exchange statement Friday. Earnings beat the 134.8 million-euro estimate of four analysts surveyed by Bloomberg.