MILANO, May 9 (Reuters) - BPER Banca said on
Tuesday it was on track to meet its 2022-2025 financial targets
earlier than expected, after first-quarter net profits more then
doubled on higher interest rates.
Italy's fourth-largest bank reported a net profit of 290.7
million euros ($320 million), jumping from 113 million a year
earlier, and above a 225 million consensus in analyst forecast
compiled by Reuters.
Income from its lending business rose 92.9% from a year
earlier to 726 million euros, outpacing expectations, boosted by
higher rates and the recent acquisition of smaller peer Banca
Carige.
($1 = 0.9084 euros)
(Reporting by Andrea Mandalà, editing by Alvise Armellini)
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