4 November 2009 - Italy's Banca Webank, the online banking arm of Banca Popolare di Milano (BIT:PMI), said today it aims to generate an operating profit of EUR22m (USD32.5m) in 2012.

The bank's earnings before interest and tax (EBIT) are forecast to mark a sufficient increase from EUR2.3m in 2010 to EUR18m in 2011 and to EUR22m in 2012, director general Andrea Cardamone said.

Banca Webank also targets to have 120,000 clients by 2012.

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