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UBI Banca operating income up 8% for Jan-Sep period

Italy-based banking group UBI Banca's operating income for the first nine months of 2007 amounted to E3.4 billion, an increase of 7.9% when compared to E3.1 billion achieved in the same period of 2006.

Consolidated net profit for the period was E709.6 million, up 15.9% compared to E612.2 million in the January-September 2006 period.

The favorable trend for net interest income continued with an increase of 9.8% to E2.04 billion, compared to E1.85 billion achieved in the first nine months of 2006.