Imi Bank grew in the first three months of 2012. In the first quarter, the investment bank of the Intesa SanPaolo group recorded a consolidated net profit of 235 million eurosin growth of 43,4% compared to 164 million in the same period of 2011. The consolidated intermediation margin amounted to 476 million (+41,7% year on year). The operating margin grew by 50,1% to 388 million euro, against 258 in the first three months of 2011.
However, operating costs are also increasing, linked to investments in the strategic project to redefine technological infrastructures, at 89 million euros (+13,8%).
The quality of the assets is confirmed, with a total of consolidated assets which have grown to 143 billion euro, and the capital solidity of the group whose Core Tier I and Tier Total score 11,4%.
The title of Intesa SanPaolo around 12.45 loses 1,14% at €1,041 per share.
