Italian bank Popolare Sondrio posts H1 profit rise (updated)

Banca Popolare Di Sondrio SpA

05/08/2025 15:36

Adds details on CET1 ratio in paragraph 3

Aug 5 (Reuters) - Italy's Banca Popolare di Sondrio BPSI.MI on Tuesday posted a 27.6% rise in its first-half net profit, citing strong core banking revenues which grew by over 4%.

The group, majority-owned by Italy's fourth-largest bank BPER EMII.MI after a 5.44 billion euros ($6.29 billion) takeover bid, reported a first-half net profit of 336.2 million euros ($388.11 million).

The bank's common equity tier (CET1) capital ratio stood at 15%, incorporating an assumed payout of 75%, the bank said. That was in line with that of BPER, of which Banca Popolare di Sondrio is now part, the company said in the press release.

($1 = 0.8663 euros)

 (Reporting by Laura Contemori in Gdansk, editing by Matt Scuffham)

 ((Laura.Contemori@thomsonreuters.com;))