CEO Alberto Nageltold analysts May 11 that the bank could consider increasing its dividendshould the fiscal fourth quarter turn out well.
The bankbooked net profit of€121.3 million in the fiscal third quarter ended March 31, down from €205.0million a year earlier. Net profit for the nine months to March 31 amounted to€442.4 million, down year over year from €465.6 million, but Mediobancaattributed this "solely to nonrecurring items."
Nagelhighlighted a 7.8% rise in nine-month net interest income, to €905.7 million,and said a reduction in loan loss provisions to €318.8 million from €410.0million helped the firm to increase gross operating profit by 11% year overyear.
Although henoted that it was too soon to give guidance on the dividend, he said that,"if we continue to do well at [operating] level, we may increase the dividend.… How much is too soon to say, because we have to confirm that we can haveanother good quarter."
Nagel madesimilar following the bank'sfirst- and second-quarter earnings releases. Mediobanca a dividend of 25 cents per share inrespect of its earnings for the fiscal year to June 30, 2015.