MILAN Nov 12 Italy's Banca Popolare di Milano
posted a nine-month net profit of 134.4 million euros
($180 million) compared with a net loss of 105.9 million euros
in the same period last year.
The improvement came from higher fees and trading gains as
well as from measures to keep costs in check.
The cooperative lender, which has put off the deadline to
launch a planned capital hike to next July, said its Core Tier 1
ratio - a key measure of financial strength - stood at 7.25
percent at the end of September, down from 7.45 percent in June.
Loan loss provisions in the first nine months of this year
rose to 260.7 million euros from 209.1 million euros in the same
period last year as problematic loans jumped 19 percent year on
year to nearly 5 billion euros.
($1 = 0.7459 euros)
(Reporting by Francesca Landini)