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DB: Profits of €96m for MPB in Q2

09/08/2007 12:05
Deutsche Bank analysts expect a Q2 07E core net profit of Euro 96m, up 70% YoY. The foreign firm maintained its Buy recommendation and its TP of Euro 13 on the stock.

DB also expects “strong revenue growth of 34% YoY mainly driven by NII growth of 44% YoY”.

The EPS growth for the Group will reach +33% over 2007 – 2009, while they have increased their estimates of 5% for 2007 and 4% for 2008 and 2009.

MPB is expected to announce its six-month results on August 29, 2007.