Mediobanca reports 11% 3Q profit rise

(ANSA) - Milan, October 28 - Mediobanca closed the third quarter of 2016 with a 11% rise in net profit to 270.7 million euros, according to a company statement released on Friday. This was the best quarterly result since 2008, the credit institute said.
    The increase in net profit reflected a 16% growth in gross operating profit driven by the increase in revenues from banking operations and the lower cost of risk in all business lines, the statement said.