(Finance) – The BoD of the Banca Popolare Sant’Angelo has approved new draft financial statements as at 31 December 2022 and convened the shareholders’ meeting for 26/28 June next, after the resolution last 18 April to proceed with the revocation of the resolution of 31 March 2023 approving the draft financial statements, to allow for the in-depth analysis requested by the auditing firm.
The net result for the year was penalized by non-recurring factors which led to a loss of 836 thousand euros. In fact, the net result “was particularly affected by the devaluation for 1.4 million euros of the units of a UCITS (which during 2022 was the subject of malicious acts) “, reads a note from the Sicilian institute.
There total collection from ordinary customers it stands at 1,263.2 million euro. Collection direct amounted to 951.8 million euro at the end of the financial year, while the collection live is equal to 311.4 million euros.
The interest marginthanks to the diversification strategy implemented and the recovery of reference rates and the average spread, recorded a growth of 23.8% compared to 2021. The intermediation margin rose by 17.25% to 31.7 million euros.
L’Gross NPL Ratio it is 6.84% (8.64% at the end of 2021). The strengthening of the average coverage ratio of non-performing loans – which went from 42.98% at the end of 2021 to 49.82%, with a coverage level of non-performing loans increased from 54.30% to 60.21% – made it possible to further improve the ‘Net NPL Ratiowhich fell from 5.16% to 3.58%.