Italy’s Banca Mediolanum reports 10% rise in first quarter profit

(Reuters) -Italy’s Banca Mediolanum reported on Thursday a 10% rise in first quarter net profit to 243.3 million euros ($274.59 million).

Net inflows into managed assets for the first four months of the year exceeded 3.1 billion euros, with 1.14 billion euros for the month of April.

The bank also confirmed its 2025 guidance.

($1 = 0.8861 euros)

(Reporting by Philippe Leroy Beaulieu in Gdansk; Editing by Susan Fenton)