(Il Sole 24 Ore Radiocor) - Milano, 7 mag - The Italian bank Fineco said that in the first quarter its net profit fell 1.2% year on year to 162.2 million euros due to a higher tax rate.

Profit before tax was up 2.0% to 241.1 million euros.

Revenue grew 4.1% to 342.9 million euros.

The common equity tier one ratio of 23.34% as of March 31 compared to 23.30% as of December 31 and 23.99% a year earlier.

Fineco acquired 65,029 new customers in the first quarter.

and had 1,850,331 clients on March 31.

(RADIOCOR) 07-05-26 08:44:01 (0222) 5 NNNN