MILAN Aug 28 Italy's fourth biggest bank, Banco
Popolare said Tuesday its net profit after losses from
its so-called fair value option, or issues related to debt
revaluation, was 28.9 million euros.
Not including a loss due to the fair value option of 142
million euros, its net profit was 171 million euros, compared to
a net profit of 189.6 million euros in the first half a year
The lender said its Core Tier 1 ratio, a key measure of
financial strength, stood at 10.2 percent at end-June compared
with 7.1 percent at the end of December.
The bank said the ratio was boosted after the Bank of Italy
allowed it to use its own internal risk models and thus meet
tougher capital requirements set by the European Banking
(Reporting by Jennifer Clark)