Banca Intesa's factoring unit profit up 27%


Intesa Mediofactoring, a unit of Banca Intesa SpA has announced its full year net profit, which rose 27.1% to Ђ28.2 million compared to 2002.

Gross income rose 3% despite a fall of 6.8% in operating volumes, due to a revamp of its portfolio. No figures were quoted.

Source: AFX Europe



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Posted on Mar 1, 2004
Region: Italy