(Tiper Stock Exchange) – Banca Popolare del Frusinatean Italian cooperative bank based in Frosinone, closed 2022 with a Net income of 14.78 million euros, an increase of 36% compared to 2021. The BoD, when approving the financial statements, spoke of “an exceptional result thanks to the composition of the proprietary securities portfolio and the structure of funding and lending rates which have positively engraved on interest margin amounting to 41.5 million euros”.
The ROE amounted to 15.17%, value adjustments amounted to 11.3 million euro and operating costs amounted to 15 million euro (+13%), with a cost/income ratio of 30.69%.
There direct collection it stood at 959 million euro (+4.2%). THE net credits to customers recorded a 5% increase, while net non-performing loans amounted to 4.13% of total loans, with a coverage ratio of 51.72%.