MILAN Aug 7 Italy's Credito Emiliano
posted on Thursday a 39 pecent rise in first-half net profit to
99 million euros helped by higher interest and trading income,
rising fees and the fact it put aside less money against loan
losses than a year earlier.
Credem, one of 15 Italian banks under scrutiny in a
pan-European banking review, said its best-quality Common Equity
Tier 1 ratio stood at around 11.2 percent of risk-weighted
assets - above an 8 percent threshold for banks in the review.
Loans to clients in the period rose 2.8 percent, bucking a
trend of shrinking credit in Italy, whose economy slid back into
recession in the second quarter.
The bank said in a statement credit risk could have a larger
impact on profitability in the future due to the protracted
weakness of the domestic economy.
Loan writedowns in the period fell 35 percent to 31 million
(Reporting by Valentina Za)