Banco Bpm closed the first nine months of the year with a record net profit of 943 million euros, up 93.6% compared to the same period of 2022. For the 2023 financial year the bank expects to achieve a net result above 1.2 billion euros, equal to over 0.8 euros per share, with further growth to approximately 0.9 euros per share in 2024.
As for the tax on extra profits, Banco Bpm will not pay it either. The bank’s board of directors decided to propose to the meeting the option of allocating the amount of 378 million euros to the non-distributable reserve, equal to 2.5 times the tax.
The institute will also present the new industrial plan on December 12th which will update the profitability and shareholder remuneration targets.
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2023-11-07 18:17:00
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