Comit sends store a ‘99 disappointing
While waiting to wear the dress of the Investment Bank confezionatale by the parent company Banca Intesa, BCI check in the ‘99, the latest in retail, with disappointing results. Decreasing the interest margin (4251 billion, -7.4% from ‘98), due to the gradual closure of the spread between lending and deposit rates. Better results for operating income, grew by 3.7% to 8.035 trillion, due to the rise of the commissions, particularly in asset management. Net income however was markedly lower than the previous year (656.3 billion against 895.4 billion) due mainly to restructuring charges of the Italian subsidiary and South America. Also fallen dividends: 230 pounds for the actions odinarie, 260 for savings, in both cases, 50 pounds less than in ‘98. Licenses Committee does not shine today in the Milan Stock Exchange, in line with the disappointing performance of the sector transfer: -1.09% at 5:26 euro.
