Good news from italian banking sector. Value Partners analysis of 9-months YTD data shows that the aggregate Net Profit hits 8,4 billion one step closer to Pre-Covid level, but industry’s cost/income optimization continues. Financial Institutions, indeed, are benefiting from lower credit adjustments and higher commissions rather than the boost of credit activity. The article by Francesco Ninfole for Milano Finanza (6 November) with comments by Maurizio Minelli, partner and Marco Abbondi, senior manager Value Partners.
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