(Reuters) – Italy’s Banca Mediolanum on Thursday posted a 36% rise in annual net profit to a record 1.12 billion euros ($1.16 billion) for 2024.
Net interest income rose 8% to 811.1 million euros, in line with guidance issued in November, but the bank said it expects NII to fall 5% this year.
The bank proposed a dividend of 1.00 euro per share after an interim dividend of 0.37 euros per share.
($1 = 0.9651 euros)
(Reporting by Michela Stasio; Editing by Kirsten Donovan)
