Mediobanca's net profit almost doubled in 2016
Mediobanca has announced that its profit for the second fiscal quarter of 2016 nearly doubled. The net profit Q4 2016 rose to €148m from €77m in 2015.
ROME--Italian lender Mediobanca SpA (MB.MI) said Thursday net profit in its fiscal second quarter almost doubled, helped by rising revenue in all business streams and lower provisions for bad loans.

The bank said its net profit for the last three months of 2016 stood at EUR148 million, compared with EUR77 million in the same period of the previous year. Revenue for the latest quarter rose by 7% to EUR546 million.