Banco Popolare bank closed out
the 2015 financial year with net profits of 430 million euros
and proposed dividends of 15 eurocents a share, the Verona-based
bank said Tuesday.
The lender also reported it cut its non-performing loans by
200 million euros in the past year, to 14.1 billion euros.
Banco Popolare shares closed -8% in today's trading.
The cooperative bank is reportedly in talks with Banco
Popolare di Milano (BPM) for a possible merger that would create
Italy's third-largest lender after Intesa and UniCredit, worth
172 billion euros and with 2,484 branches.
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