Finance
Italian bank Popolare Sondrio records 19% rise in first-quarter net profit
Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Popolare Sondrio's Q1 net profit rose 19%, reaching 173.3 million euros, amid a takeover bid by BPER. CEO Pedranzini highlights the new business plan.
(Reuters) -Italy's Banca Popolare di Sondrio on Tuesday posted a 19% rise in its first-quarter net profit, citing a good performance in its core banking business.
The group, which is the target of a 4.3 billion euro ($4.88 billion) all-share takeover bid by Italy's fourth-largest bank BPER, reported quarterly net profit of 173.3 million euros.
"The reported results constitute the best way forward in the implementation of the new business plan 2025-2027," CEO Mario Alberto Pedranzini said in a statement.
The bank also appointed director Pierluigi Molla as chairman until the end of his mandate in 2026.
($1 = 0.8816 euros)
(Reporting by Philippe Leroy Beaulieu in Gdansk; Editing by Jan Harvey)
The article discusses Popolare Sondrio's 19% rise in Q1 net profit and its ongoing takeover bid by BPER.
The CEO of Popolare Sondrio is Mario Alberto Pedranzini.
The takeover bid by BPER, Italy's fourth-largest bank, is significant for Popolare Sondrio's future business strategy.
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