Banca Italease posted €15.4m in net
profit for the first quarter of 2008, following a net loss of
€525m, due to derivative failures, for full-year 2007.
The Italian leasing company’s net interest income was €73m in Q1
2008, down 13 per cent from €83.6m in Q1 2007. Net commissions in
Q1 2008 totalled €17.8m, down 1.6 per cent from €18.10m for the
same period in 2007.
Italease is still seeking a potential partnership with a domestic
or international company to aid it recover its losses.
profit for the first quarter of 2008, following a net loss of
€525m, due to derivative failures, for full-year 2007.
The Italian leasing company’s net interest income was €73m in Q1
2008, down 13 per cent from €83.6m in Q1 2007. Net commissions in
Q1 2008 totalled €17.8m, down 1.6 per cent from €18.10m for the
same period in 2007.
Italease is still seeking a potential partnership with a domestic
or international company to aid it recover its losses.
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