During the first 9 months of 2019, the profit of the six largest Italian Banks has increased to 9.2 €bln (+2.6 €bln vs 9M 2018), fostered by the impact of non-recurring operations. However, the core business remains under pressure: operating income has been decreasing (-3.1% vs 9M 2018) more than operating costs (-2.5%). From an article in Milano Finanza based on Value Partners’ quarterly bank report, with comments by Maurizio Minelli, Partner, and Andrea Sorbo, Engagement Manager.
La banca resiste ai tassi
- Edited by: Francesco Ninfole
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