MILAN Aug 27 Banca Popolare di Milano
posted a first-half net profit of 105.6 million euros on
Tuesday, helped by higher fees and trading gains, and said it
would revise its business plan by October and then set the
timing of a planned capital increase.
The bank said in a statement the revision of the 2012-2015
plan, which would include changes to its governance structure,
was motivated by the reimbursement of state aid and by
indications it received from the Bank of Italy after an
Popolare Milano said it would address the issues raised by
Italy's central bank in an answer to the regulator by Sept. 23.
The bank had a net loss of 131 million euros ($175.5
million) in the first-half of 2012.
Popolare Milan said net writedowns stood at 164 million
euros in the first half, up from 134 million euros a year ago.
($1 = 0.7466 euros)
(Reporting by Valentina Za)