Banca Popolare di Milano (BPM), a member of Istituto Centrale delle Banche Popolari Italiane (ICBPI), has just announced their figures corresponding to the 1^st half of 2009.

The net profit, € 125 million, in line with H1 08, was driven by an operating income of € 1 billion (+15,1%).

• Net profit: € 125 million (-1.7% YoY)
• Operating income: € 1 billion (+15.1%)
• Operating profit: € 434 million (+35.2%)
• Cost income: 56.6%, up by 6.5 p.p.
• Funding: € 35.1 billion of which sight deposit at 20.9 billion (+14.3%)
• AUM + AUC: € 43 billion (+12.6%)
• Customer loans: € 32 billion (stable YoY)
• BPM signed the agreement MEF (Italian finance ministry), ABI (Italian banking association) and the Italian business association allowing SMEs to defer payment of bank loans

Please click here to download the official press release.

Other financial statements and documents in English can be found in BPM's homepage.