January 12, 2017 / 2:34 PM / 7 months ago

BRIEF-UBI Banca sees 1.2 bln euro net profit in 2020

Jan 12 (Reuters) - UBI Banca says:

* Forecasts 2020 net profit of 1.2 billion euros following acquisition of three rescued banks, up from 900 million euros under current business plan - slide

* Sees non-performing exposure coverage at 47.5 percent in 2020 after acquisition, up from 46.3 percent under current business plan - slide Further company coverage: (Reporting by Milan Newsroom)

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