The Ubi Banca group closed the first quarter of 2013 with a net profit of 16,7 million, an increase of 39,3% compared to the same period of 2012 and with a pre-tax profit equal to € 27,6 million (+ 31,9%). Operating income rose by 1,7% to 88,5 million, with net interest income down sharply (-20,4%) and net commissions up by 14,2%, against charges down by 10,4 .53,8% to XNUMX million.
The operating margin, equal to 34,7 million, grew by 28,3%. On the balance sheet front, loans remained stable at 8,3 billion, while total deposits from customers stood at 17,1 billion (+0,8%): 7,5 from direct deposits and 9,6 from indirect.
"Although operating in a context still marked by strong economic uncertainties, the Bank has been able to maintain support for the territory with virtually unchanged loans and a decidedly low cost of credit - declared Marco Mandelli, general manager of Banca Popolare Commercio e Industria – The economic results show a growth in profit for the period but it is foreseeable that revenues may continue to be affected by the trend of the real economy and the financial markets”.
One hour from the end of the listing, the share gained 7,5% and secured second place (after Banco Popolare) in the ranking of the day's biggest increases.
