Q1 revenue 327.0 mln eur, up 11.4% (Il Sole 24 Ore Radiocor) - Milan, 07 May - The Italian bank Fineco said that in the first quarter of 2024 net profit was in line with the previous year at 147.0 million euros, but up 12.4% excluding systemic charges.

Revenues grew 11.4% to 327.0 million euros.

At the end of March the common equity tier one ration was 25.3%.

New costumers rose 24.5% year on year to 39,545 during the quarter, bringing the total to 1,590,239.

For the full year it expects revenues "at a record level, with an improvement of the mix in favor of commissions." The bank expects growing common equity tier one and leverage ratios. It also anticipates to pay a higher dividend per share on its 2024 results.

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(RADIOCOR) 07-05-24 16:59:44 (0639) 5 NNNN