Italy's Generali confirmed all its 2024 business plan targets on Thursday after first quarter profits rose on a strong non-life performance which more than offsetting weakness in the insurer's life business.
Danske Bank on Thursday maintained its 2023 profitability target and said it expected to increase profits this year, but uncertainty over dividend payments brought potential money laundering fines back in focus.
Russia's largest lender Sberbank on Thursday reported a record net profit of 348.3 billion roubles ($4.9 billion) for the third quarter but raised provisions as it classified assets of its subsidiary in Ukraine as restricted.
Q1 net profit 4.79 billion euros, including accounting gain Sees cost of risk of new bank under 50 bps in 2021 vs 77 bps Net interest income under pressure, gross income up (Recasts, adds detail on costs, share price)
MADRID, May 6 (Reuters) - Caixabank’s net profit jumped almost six-fold in the first quarter and the bank tentatively lowered its guidance on pandemic-related costs, providing a boost as it integrates the purchase of Bankia.
Net profit without accounting gains reached 514 million euros ($617 million) in January-March compared to 90 million in the same quarter a year ago, beating analysts’ average forecast of 342 million euros, after the bank did not set aside any provisions against the impact of COVID-19.