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Ubi Banca Pop. Ancona swings to 3.2 mn euros profit in 2013

Lender's 2013 operating costs fell 6.4% to 201.1 mn euros

07 March, 17:13
Ubi Banca Pop. Ancona swings to 3.2 mn euros profit in 2013 (ANSA) - Jesi, March 7 - Ubi Banca Popolare di Ancona swung to a profit of 3.2 million euros in 2013, compared with the 712,000-euro loss it posted in the year-earlier period.

Operating costs last year fell 6.4% to 201.1 million euros, while loans dropped 1.1% to about 8.1 billion euros. Its client base expanded by some 25,000 new clients last year, and writedowns totaled 89.7 million euros compared to 73.5 million euros in the full-year 2012. The figures were released at a press conference held in the town of Jesi in which Chairman Corrado Mariotti and managing director Nunzio Tartaglia illustrated the results to attending journalists.

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