MILAN, Nov 7 (Reuters) – Italy’s BPER Banca (EMII.MI) posted on Monday a better-than anticipated third quarter internet revenue helped by an increase in core revenues which had been boosted by the latest acquisition of rival Banca Carige.
Italy’s fourth-largest financial institution stated internet revenue for the three months by September fell 3.4% from a yr earlier to 81.6 million euros however effectively above an 67 million-euro forecast in a Reuters analyst pool.
Revenues rose 15.1% year-on-year to 1.02 billion euros, above expectations, primarily pushed by larger internet curiosity earnings and stronger internet charges regardless of monetary market headwinds. Nevertheless larger prices associated to Carige’s ongoing restructuring additionally dampened revenue.
Reporting by Andrea Mandalà
Enhancing by Keith Weir
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