UBI Q1 net profit rises, boosts core capital

May 13, 2015 6:35 AM

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MILAN May 13 Italy's fifth biggest lender UBI posted a 31 percent rise in its first quarter net profit thanks to strong net commissions and slightly lower loan loss charges.

The bank said it had strengthened its core capital, with the closely watched Common Equity Tier 1 ratio rising to 12.2 percent from 11.5 percent at the end of December.

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