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BRIEF-Italy's Popolare di Sondrio posts 33 pct rise in Q1 net profit
May 11, 2017 / 2:58 PM / 6 months ago

BRIEF-Italy's Popolare di Sondrio posts 33 pct rise in Q1 net profit

May 11 (Reuters) - Banca Popolare di Sondrio says:

* first-quarter net profit at 29.5 million euros, up 33.42 percent from same period last year on higher fees and trading income

* Q1 net loan writedowns down 14.8 percent

* problem loan coverage ratio 46.91 percent in Q1, from previous 46.17 percent

* CET1 ratio 10.82 percent at end March

* direct funding from customers in the first quarter down 3.8 percent from previous quarter Further company coverage: (Reporting by Milan newsroom)

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