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.
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.
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Revenue increased by 1% to EUR4.21 billion.
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(END) Dow Jones Newswires
May 05, 2017 07:37 ET (11:37 GMT)