ROME – Intesa Sanpaolo SpA said Friday its first-quarter net profit rose by 12% on the year before, mainly reflecting higher fees and commissions that offset declining revenue from lending and insurance.
Continue Reading Below
The Italian bank's net profit for the quarter stood at 901 million euros ($984 million), compared with EUR806 million for the same quarter of 2016.
Revenue increased by 1% to EUR4.21 billion.
Write to Giovanni Legorano at firstname.lastname@example.org
(END) Dow Jones Newswires
May 05, 2017 07:37 ET (11:37 GMT)