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BRIEF-UBI Banca shares up 1.3 pct after results, plan update
May 11, 2017 / 7:34 AM / 5 months ago

BRIEF-UBI Banca shares up 1.3 pct after results, plan update

May 11 (Reuters) - Unione Di Banche Italiane:

* shares in the lender rose 1.3 percent after results, plan update

* the bank’s first-quarter consolidated net profit rose 59.4 percent to 67 million euros

* the lender also said after buying the three good banks, it expects a 2020 net profit of around 1.12 billion euros and a CET 1 ratio higher than 13 percent, including the 400 million euros from UBI’s capital increase Further company coverage: (Reporting by Milan newsroom)

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