Italy’s Mediobanca (MDBI.MI), opens new tab will launch a share buyback programme worth around 385 million euros ($417 million), it said on Thursday after posting its best-ever yearly revenue and profit.
The bank posted a 24% rise in net profit to 1.27 billion euros, broadly in line with a consensus of analyst expectations provided by the company, on revenue up 9% at 3.6 billion, mainly thanks to the contribution of less capital-absorbing businesses such as wealth management.
Source: REUTER
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