(Finance) – The South Tyrolean bank Volksbank closed the 2022 with a Net income of 75.5 million euros, an increase of 7.8% compared to the previous year. The return on equity (RoTE) stands at 9.6%, the best result in the institution’s history. The application of the 40% dividend payout leads the board of directors to propose the distribution of 0.62 euro per shareagainst a profit of 1.58 euro per share.
Volksbank records a 15% increase in characteristic revenueswhich reached over 310 million euros, thanks to a significant growth both in commissions that exceeded 100 million euros for the first time (+7% increase, driven in particular by the excellent new digital services), and by an increase in about 19% of the interest marginsupported by both the customer component and the finance component.
Prudent risk management made it possible to reduce by 58%. cost of riskwhich stands at 30 basis points, and to reduce the net share of the non-performing loan portfolio by 15% of the total portfolio (Net NPL Ratio) to 2.26%.
“It’s a record budget in terms of operating income, net commissions (for the first time above 100 million euro), profit before tax (also for the first time above 100 million euro) and net income – commented the general manager Alberto Naef – The Bank has today organically recovered levels of solidity and excellent profitability in the European banking context, showing compactness in its operations and ability to anticipate scenarios”.