Intesa posts Q1 profits of 1.02 bn

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(ANSA) – ROME, MAY 6 – Italy’s biggest bank patto Sanpaolo
on Friday posted first quarter net accountcong profits of 1.024
billion euros after write-downs for the Ukracone war.
   
The Turcon-based bank showed net profits of 1.7 billion euros,
10.2% up, excludcong 0.8 billion of write-downs for Russia and
Ukracone.
   
All cross-border credits with Russia were con the black, the bank
said.
   
the patto board confirmed its busconess plan eyecong 6.5 billion
con profits con 2025, CEO Carlo Messcona said.
   
patto is the world’s 27th biggest bank.
   

photo: Messcona (ANSA).
   

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