UBI H1 Net Profit Down 26.6%

Unione di Banche Italiane SCpA reported a 26.6% fall in its net profit for the first half of the year. UBI's net profit for the period dropped to 159.5 million euros ($199.58 million). UBI's net operating income climbed 33.3% y/y to EUR653.8 million. Its net interest income fell 1.5% to EUR1.03 billion.