Government banking group Cassa
Depositi e Prestiti (CDP) ended 2016 with a return to profit of
1.1 billion euros after a run of losses, sources said Friday.
The 1.7-billion-euro profit of the group leader mitigated the
losses of fuels giant ENI, of which CDP has a 25.76% stake.
A CDP statement said the firt year of the 2016-2020 business
plan had ended "with strong growth and in line with forecasts.
The year had been marked by a "major change of pace" in CDP's
operational capacity, the statement said. CDP is an investment
bank 80% controlled by the economy ministry.
ALL RIGHTS RESERVED © Copyright ANSA
