Banco Di Desio E Della Brianza S.P.A. Announces Consolidated Earnings Results for the Period Ended Sep. 30, 2017
November 08, 2017
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Banco di Desio e della Brianza S.p.A. announced consolidated earnings results for the period ended Sep. 30, 2017. For the period, the company reported net interest income of EUR 171,206,000 compared to EUR 178,808,000 a year ago. Net interest and other banking income was EUR 298,697,000 compared to EUR 306,554,000 a year ago. Net profit from financial activities was EUR 244,057,000c compared to EUR 246,689,000 a year ago. Net profit from financial and insurance activities was EUR 244,057,000 compared to EUR 246,689,000 a year ago. Profit from current operations before tax was EUR 51,678,000 compared to EUR 44,172,000 a year ago. Net profit for the period was EUR 27,518,000 compared to EUR 37,421,000 a year ago, mainly due to components linked to support of the banking system. Parent Company net profit was EUR 26,860,000 compared to EUR 36,408,000 a year ago. Basic and diluted earnings per share was EUR 0.20 per share compared to EUR 0.27 per share a year ago. Operating income was EUR 26,860,000 compared to EUR 36,408,000 a year ago.
Banco di Desio e della Brianza SpA is an Italy-based bank. It provides various banking, financial and insurance solutions, including trading of financial instruments, currency trading, portfolio management, investment consultancy services, property and life insurance policies, and factoring transaction services, among others. The Bank divides its activities into three segments: Commercial Bank, Asset Management and Assets. Through the Commercial Bank segment, it offers loans, deposit accounts, banking and payment services, insurance and asset management products, debit, and credit cards, among others. The Asset Management includes operations through its subsidiaries, including Brianfid Sa, Banca Credito Privato Commerciale Sa and Rovere SA. The Asset division is represented through Chiara Assicurazioni Compagnia di Assicurazioni. The Company operates in the domestic market.
BANCO DI DESIO E DELLA BRIANZA S.P.A. 
